Buying property while on H1B

DinkyDanky

New Member
I know as a H1 holder i can buy property like a house and things like that, i wanted to know if i can buy apartment buildings like a 4 unit condo on my work visa. I will be getting rental income and hiring a management company to manage it. Basically as we alowed to buy and own rental property?

Please advice

Thank in advance
 
Hi Dinki,
I am pretty sure you can BUY and manage but to my best of knowledge, as long as you are on an H1B status you are supposed to work for(hence have INCOME from) only one employer, the one who sponsored your H1. I was on H1B for 7 years and I know that as long as you income, you pay taxes and the SS card says that you are to limit your work/income with only one employer. :confused:
 
Thanks beesweet67, I know can have income from multiple sources (dividend from shares or interest from deposits) just not "work" for more than the employer on my h1b. Also i am working only for one employer not more than that, i am just buying property for investment.

I agree that there MAY be some rental income which is why i posted this message.
 
Investment property is considered a passive investment. Case closed.

beesweet67 said:
Hi Dinki,
I am pretty sure you can BUY and manage but to my best of knowledge, as long as you are on an H1B status you are supposed to work for(hence have INCOME from) only one employer, the one who sponsored your H1. I was on H1B for 7 years and I know that as long as you income, you pay taxes and the SS card says that you are to limit your work/income with only one employer. :confused:
 
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