Chinnu126 Posted August 22, 2016 Report Share Posted August 22, 2016 what are the ways for a H1-B holder to buy an investment property in US. we(both myself and my spouse) are on H1-B and both of us have our I-140 approved. we have a town home and we are now buying another one. single family house. we don't want to sell the town home and planning to convert this into a rental property. what are the ways for us to have both houses without selling townhome? I heard about LLC. but not sure whether we can register an LLC on one of our names being on H1 and if YES whom should we contact? Does it matter for LLC to have mortgage on the investment property Vs no mortgage on the investment house? appreciate all your valid responses and TIA. Link to comment
JoeF Posted August 22, 2016 Report Share Posted August 22, 2016 On H1, you can only be a passive investor. For real estate, that means that you would have to contract with a management company which manages the property, handles repairs, deals with tenants, etc. Link to comment
Chinnu126 Posted August 23, 2016 Author Report Share Posted August 23, 2016 Should we contact a management company as individual or should we convert this property under LLC and then contract with a management company? which one is the better option. Link to comment
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