Legal Question in Immigration Law in California
buying-letting property
if i am not a us resident but would like to buy property in usa, for the purpose of letting it, can i do this ,and does that give me the right of staying in usa
2 Answers from Attorneys
Re: buying-letting property
You can purchase property in the US, but doing so does not grant immigration status. You may, however, be able to work an investment in such a way that it does provide for immigration status. Please contact my office if you would like to discuss your options. I will look forward to hearing from you.
Re: buying-letting property
It really depends more on the details of the investment. If you're talking about one single family residence you rent out, that is not sufficient to be an active "investment." It would have to be more than that. It also depends on your country of nationality.
For greater detail, contact me at [email protected]. Check me out at http://www.yardum-hunter.com. Click on Newsletters and go to Volume III, Number 1 (Fall 2008) for a lengthy recent article I wrote on E-2 visas, the the temporary investor immigration status. Permanent residence as an investor requires either a $500,000 or $1 million minimum investment.
Sincerely,
Alice M. Yardum-Hunter, Attorney at Law, Certified Specialist, Immigration & Nationality Law, State Bar of CA, Bd. of Legal Specialization