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san85

Rental Property

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Hello All,

 

Can a H1B holder purchase investment property for rental purpose only? Will be there any issues if we purchase a home for rental purpose only and as a investment property?

 

Thanks!!!

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buying property is fine.

 

but getting any sort of income from it will be an issue. As on H1b, you cannot be earning outside your H1b job.

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As long as you let another company dealing in such matters and totally stay out of the finances, you can buy property and earn rental income. I assume you are not buying a few hundred condos for this purpose.

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As long as you don't manage the property, it would work. Hire a management company to manage everything with upkeep, rentals, etc. Then you are not actively involved. Having passive income on H1 is OK.

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