Is investment in apartments a viable idea for EB-5 visa funding? If so, can I buy multiple apartments that could create total 10 new jobs rather than a large complex?
Generally speaking , apartments do not generate EB 5 qualified jobs. The situation must be unique to so produce ten jobs (directly) if a self petition, or a blend of direct and indirect if in a regional center. We have seen some apartment complexes generate some EB jobs but on a larger scale.
Investment into a passive property will not qualify. However, if the business enterprise is for owning and maintaining apartment buildings, i.e., real estate management company like CB Richards or Transamerica, for example, it may be qualify for EB-5 program. However, I will need to see the business plan and job creation methodology of the plan to see if it is sufficient.
It all depends how the 10 jobs are created and if those jobs are permanent.
No, it cannot work.
Despite lots of interest, nobody to my knowledge has yet to pull this off.
Sure. But apartments are very low on job creation. Once they are built, management and maintenance do not produce a lot of jobs. So probably not a good EB-5 investment.
As long as it is an apartment complex and a business. No, it cannot be acceptable if the investment in a single unit apartment. But if there is an apartment complex with several units and it is managed as a business, then yes it can qualify if the investment is at least $1,000,000.
It could work. The business would have to be structured properly so as to create the jobs, etc.
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