Questions and Answers > EB-5 Requirements

Can I use rental income for the EB-5 Program?

Can I use rental income for the EB-5 Program? How Do I prove lawful source of funds For The EB-5

Answers

• Shahzad Q Qadri

  RC Creator

  Answered on April 17, 2013

  That should not be an issue as long as it is a lawful source

• Albert Lewis

  Immigration Attorney

  Answered on April 5, 2013

  Yes, you can use rental income for an EB-5 program investment, so long as the rental income derived from a source other than the program itself. For example, if you have a rental already in existence from which you are earning income, you can invest that income in a different project in the U.S.. You can also obtain a loan secured by your rental property so long as the EB-5 program is not securing the loan in any way. Answer: You can show that each month, or other period, you receive $xxx from your renter. That money is then placed in a bank or other institution. The money you invest comes from the financial institution. Assuming you have a rental agreement with your renter, you support your assertion that $xxx came from your renter. Each situation is a little different. It would be important to review your rental agreements, ownership documentation of the rented facility, and reasonable documentation to show the activity of the renter to show that the rent payment was to house lawful activity.

• Julia Roussinova

  Immigration Attorney

  Answered on April 5, 2013

  Yes, rental income may be used if it is derived from your personal assets and the lawful source of funds can be established. Please contact our office if you wish to discuss your specific questions further.

• Lei Jiang

  Immigration Attorney

  Answered on April 2, 2013

  Yes. It''s lawful source of income and you can use it for EB-5 purpose. Do you report your rental income? Do you pay tax on such income? Any documentation showing that it is rental income will suffice.

• Reza Rahbaran

  Immigration Attorney

  Answered on April 1, 2013

  Yes you may use all legal income for your EB-5 investment. Proving lawful ''Source of Funds'' will depend on the source of the actual funds being used for your investment. You should contact an experienced EB-5 attorney to advise you on what documents you will need depending on the source of the funds being used. For further information please contact Rahbaran & Associates.

• Mona Shah

  Immigration Attorney

  Answered on April 1, 2013

  Yes as long as the source of the funds is legal, rental income is fine.

• Darren Silver

  Immigration Attorney

  Answered on April 1, 2013

  Yes, you can accumulate your investment source from Rental Income.

• Natalia Polukhtin

  Immigration Attorney

  Answered on April 1, 2013

  You can use any type of lawful income for the purpose of investment. In rental income situation, the best proof of lawfully earned funds would be documents, showing ownership of the property, combined with rental agreement(s).

• Anthony Ravani

  Immigration Attorney

  Answered on April 1, 2013

  Sure. Rental income is just fine. But depending on when you purchased the property that you have rented you may be required to provide evidence of how you purchased that property. You may be required to provide evidence on the source of fund with which you purchased the property.

• Jinhee Wilde

  Immigration Attorney

  Answered on April 1, 2013

  If the rental income was reported by income tax returns, you could use it. You need to show that you have either assets of $1 million or income of $200,000 per year for the last 3 years to be eligible to be an EB-5 investor.

• Philip H Teplen

  Immigration Attorney

  Answered on April 1, 2013

  Lawful source of funds is generally shown by tax return for the last 5 years or other documents to evidence the earning or inheriting or gift receipt of funds. I will be happy to look further at individual situations. This is a very important aspect of a successful application.

• Ed Beshara

  Immigration Attorney

  Answered on April 1, 2013

  If the rental income is considered your personal income and will be deposited into your personal account, then these funds can be considered your personal investment funds to be invested in an EB-5 project.

• Boyd Campbell

  Immigration Attorney

  Answered on April 1, 2013

  Yes, if the rental income is from a personal asset, such as a house or apartment you own.

• Daniel A Zeft

  Immigration Attorney

  Answered on April 1, 2013

  Yes, you can use income received from rent payments for an EB-5 investment.

• Farah Abbas

  Immigration Attorney

  Answered on April 1, 2013

  Yes, you can use rental income for your EB-5 investment. You will have to also establish that the property for which you are earning the rental income was purchased with lawfully-earned funds. Please contact an experienced EB-5 immigration attorney to see what evidence you will need to provide.

• Margo Chernysheva

  Immigration Attorney

  Answered on April 1, 2013

  As long as you have traceable information on your rental income - sure you can use it.

• Ying Lu

  Immigration Attorney

  Answered on April 1, 2013

  Generally speaking, any money obtained from legitimate source can be used for EB-5. However, there are many factors we should consider before making a sound judgment as to a specific source of income, such as rental income. How do you receive the rental income? Is it in cash, check or wire transfer? For properties bought recently which generate the rental income for you, USCIS may also want to know how you purchased those properties initially. There is no simple yes or no to your question, please consult an experienced EB-5 attorney.

• Clem Turner

  Securities Attorney

  Answered on April 1, 2013

  You can use income from any lawful source, so long as you can prove that it is the source of your EB-5 funds.

• Fredrick W Voigtmann

  Immigration Attorney

  Answered on April 1, 2013

  Yes. You would show proof that you own the property, proof of the lease/rental agreement and bank statements showing your receipt of the rental income. You must also show that you have sufficient income to make the EB-5 investment and still pay your living expenses.

• Daniel P Hanlon

  Immigration Attorney

  Answered on April 1, 2013

  You must be able to establish that any monies used to fund an EB-5 investment were derived from lawful sources. Bank statements, tax filings and investment income statements are useful in meeting this requirement.

• Stephen Berman

  Immigration Attorney

  Answered on April 1, 2013

  If it is legally earned, then yes.