Satya2000 Posted October 22, 2020 Report Share Posted October 22, 2020 Hi,Me and My wife are currently on H1b. We own a house right now and are looking to buy another house. We are looking to rent the current house after moving into the new house. Could you please help me with the below Questions in this context:1.) Is it okay for an H1b to Rent Houses? Are there any Tax related / Immigration related things that I may have to be aware of ?2.) Can I open an LLC for the rental property? Is Opening an LLC a violation of H1b Laws?Thank You. Quote Link to comment
adshah84 Posted October 24, 2020 Report Share Posted October 24, 2020 No you can not. You can higher property management to manage property. They will provide you 1099 which you can use for tax filing. Quote Link to comment
kach1947 Posted October 25, 2020 Report Share Posted October 25, 2020 1/ yes you can. need to be managed by property management company, if this will be considered an 'investment property'. else that rental income will be considered your 'second job' which would be make it illegal under H1B 2/ Yes, but you do not really need to, unless you are planning to purchase more than 10 properties asap. Quote Link to comment
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