Last year I bought a multifamily house in a tristate area. I plan to reconstruct this house and convert it into three condos, then sell it to market. The construction cost is 850K in a 1-year duration. In the future, I may do two projects at the same time. Would these one/two projects be eligible for the direct EB-5 visa at any point?
Answers
Lynne Feldman
Find an EB-5 Visa Lawyer: Immigration AttorneyPossible – I would need more information to advise.
Belma Demirovic Chinchoy
Find an EB-5 Visa Lawyer: Immigration AttorneyYou could set up a company to engage in flipping and/or renovation of homes. The company would need to create at least 10 full-time jobs. Adding a property management component might help.
DISCLAIMER: the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal, immigration, and financial experts prior to participating in the EB-5 program. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public: do not include confidential information in your question.