QUESTION
Can I buy a rental property on H1b visa?
Asked on Jul 27th, 2016 on Immigration - Washington
More details to this question:
I am currently on H1b visa. I bought a property a year ago which I use as primary residence. I need to check if I can buy a rental property, have it managed via a property management company and just receive rental checks as a passive investor. I am not going after multiple rental properties, just one for now. Will it affect my green card process? Is it illegal to buy rentals on H1b visa status?
1 ANSWER
You may purchase rental property as a passive investment while holding H-1B. You will need to declare the income on your income tax returns. The only issue you could face is if you managed the property yourself as USCIS could conclude you engaged in unauthorized employment. You can read more about H-1B at http://myattorneyusa.com/work-visas.
Answered on Jul 27th, 2016 at 2:38 PM