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I'm a H1B worker in US, my company is sponsoring me card, I…

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Hi, I'm a H1B...

Hi, I'm a H1B worker in US, my company is sponsoring me green card, I just started PERM application. I wonder if I can buy multiple rental properties and rent them out by hiring property manager. Also, can I form LLC with my friend who's US citizen , we own the properties together, 50% 50%

Lawyer's Assistant: Thanks. Can you give me any more details about your issue?

I currently have a LLC partnering with my friend, we co-own a rental property. Now I'm looking to buy more rental properties, I don't know if that affects my green card processing. I just start PERM applicaiton

Submitted: 2 years ago.Category: Immigration Law
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Answered in 23 minutes by:
2/12/2016
Immigration Lawyer: Jen Marie, Esq., Immigration Attorney replied 2 years ago
Jen Marie, Esq.
Jen Marie, Esq., Immigration Attorney
Category: Immigration Law
Satisfied Customers: 6,621
Experience: She has worked on all types of U.S. Immigration cases since 2007.
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Hello, my name is ***** ***** I will be the immigration attorney helping you today.

Yes, you are allowed to buy multiple rental properties and rent them as long as you hire a property manager/management company to take care of the day to day duties (rent, maintain, repair) since that will terminate your duties related to the properties. You must only earn passive income which would be in the form of a return on your investment. Opening the LLC to take care of the management of the properties is also a good idea.

Good luck to you during this process and I hope this answer has helped you!

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Customer reply replied 2 years ago
Thank you very much for the response. In my case, Can I form my own LLC without partnering with anyone and use the LLC for the rental properties purpose ?
Immigration Lawyer: Jen Marie, Esq., Immigration Attorney replied 2 years ago

Yes, but the LLC would still need to hire a property manager as you still cannot do any work.

Hope that helps to clarify and hope you can now leave a positive rating. Thanks!

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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