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Questions & Answers

What sources of funds are allowed for investing in a regional center?

Can the source of funds for investing in a regional center be from selling my own house?

Answers

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    Reza Rahbaran

    Immigration Attorney
    Answered on

    Yes, you may use the proceeds from the sale of your real estate for an EB-5 investment.

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    Shahzad Q Qadri

    RC Creator
    Answered on

    Yes, you can sell property to raise investment capital. There is no prohibition on where the funds are coming from provided that they are from a lawful source.

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    A Mina Tran

    Immigration Attorney
    Answered on

    Yes, but if you have not had your house for more than 5 years, you will need to show source of funds for the purchase of the house. I hope that helps.

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    Ying Lu

    Immigration Attorney
    Answered on

    Any legitimate money can be used for EB-5. You can sell your house to obtain the funds. However, you also need to prove how you legally acquired this house initially.

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    Fredrick W Voigtmann

    Immigration Attorney
    Answered on

    Yes; but you should be prepared to document the source of funds to purchase the house in the first place.

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    A Olusanjo Omoniyi

    Immigration Attorney
    Answered on

    Yes, the source of funds can be selling of your own house. Make sure you can provide document that the sale occurred otherwise, the source of your funds would be questioned.

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    Rohit Kapuria

    Immigration Attorney
    Answered on

    Yes. Note, you would not be investing in a regional center, you will technically be investing in a new commercial enterprise that has an oversight agreement with a regional center.

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    Ali Brodie

    Immigration Attorney
    Answered on

    The source of funds can result from a sale of your property, home equity loan, etc. If you owned the property for less than 7 years, we will need to document how you were able to afford the purchase of the property.

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    Jeffrey E Campion

    Immigration Attorney
    Answered on

    Hello. The sale of your house is an acceptable source of funds. However, please be certain to be able to show how you obtained the money to initially purchase the house. USCIS will want to be sure that the funds invested ultimately for the EB-5 classification were obtained legitimately.

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    Kripa Upadhyay

    Immigration Attorney
    Answered on

    Yes the source of funds can be from the sale of a home. The source of funds can be any source that is legal i.e. no money can be used from illegal gambling; undeclared/hidden assets; illegal income such as money earned via corruption etc. You MUST be able to show the source of funds; therefore, if your source of funds is coming from the sale of the home, you will need to show documents for the deed of sale showing the exact amount paid for the home. You should also be prepared to show how you earned enough money to buy the home in the first place; therefore be prepared to show tax returns going back to the time that you purchased the home. If the home was an inheritance from parents, you may be required to show the documentary evidence visa proof of will and payment of any gift/death/inheritance tax that may have applied to you when you bought/inherited the home.

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    Vaughan de Kirby

    Immigration Attorney
    Answered on

    Generally speaking all lawful funds are suitable for EB-5. Remember the lawful source and path of funds must be carefully documented.

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    Neville M Leslie

    Immigration Attorney
    Answered on

    Yes. Any of your own capital.

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    Tammy Fox-Isicoff

    Immigration Attorney
    Answered on

    Yes, but you will need to document where you got the funds to buy the home in the first place.

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