Hello- I am on H1b and have an approved I140 waiting for GC priority dates to become current. I am planning to purchase a commercial property to get rental income. As part of this, I would be getting a loan from bank. However Banks require me to Register an LLC company under my name and purchase it under company name.
This type of commercial property is purely for rental purposes. I would be collecting a monthly rental check and Not involve in any running business, not maintaining building/maintenance, not paying property taxes, not paying insurances etc (basically these are called NNN properties (i.e Tripe Net properties)) which are truly passive in nature. This will be stated in purchase agreement as well.
I read many posts and contacted few attorneys as well and all I hear is if it is Passive investment then it is fine. I did not get any clear answer as I can create LLC on my name (100% myself as owner) and purchase a commercial property.
My question is , being on H1b can I register an LLC under my name without involving any other partner etc? Are there any legal complications which needs to be aware of?