QUESTION
I have L1 visa and work for my sponsor company. Can I rent out my property (townhouse) in the US?
Asked on Jan 03rd, 2012 on Immigration - New Jersey
More details to this question:
I am allowed to work for my sponsor company only with L1 visa. Renting out my property is investment activity. So I guess I can receive monthly rental fee from the tenant in the future. I have not purchased a townhouse yet. I will close the deal in Jan. I am using mortgage. In addition, I submitted I485 in Nov, since I won a green card lottery. If it is better to wait for green card before renting out, I will wait for getting green cards.
1 ANSWER
REHAN ALIMOHAMMAD
L-1 means you can only be employed by the sponsor company to remain in status. Deriving income from a passive investment should not be construed as employment.
Answered on Jan 03rd, 2012 at 12:34 PM