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Bernard Sanga
  • Investor
  • Lakewood Ranch, FL
47
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72
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Starting REI with an H1B visa

Bernard Sanga
  • Investor
  • Lakewood Ranch, FL
Posted

Anybody with an H1b who started REI? What are your restrictions? Can you do a BRRRR? Or just turnkeys? Thanks in advance!

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Matt Curtis
  • New York City, NY
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Matt Curtis
  • New York City, NY
Replied

There are a lot of posts on here that discuss how the issue isn't necessarily the presence of "restrictions" as much as it is a number of "hurdles", particularly those related to taxation and financing. Really the only "restriction" related to an H-1B is that one cannot be paid for skilled labor ("employment") other than what is outlined in their LCA/H-1B petition. Non-citizens are generally allowed to own property and generate income generated from passive investments. They just need to be careful with how everything is set up. 

DISCLAIMER: Comments are for general/informational purposes only, not for the purpose of providing legal advice or entering into an attorney-client relationship with the reader. You should contact an attorney to obtain advice with respect to a specific legal issue or problem. 

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