Hi - Does anyone know whether it is legal to do airbnb while on H1B visa? Is it active or passive income? Given that I will hire a property management company for managing the property. I am planning to talk to an immigration attorney as well but in case anyone has experience, it would be good to know. #h1b #realestate #airbnb #investments #investments
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Rental properties counts as passive income. It depends on how much involved you are. If you yourself are cleaning the property every day when tenant leaves, it's a business. If you rent out for longer periods during a season, it's passive.
I am aware that long term rental is passive but wanted to particularly check about short term rental such as airbnb.
Do it and tell us 50 years later when you get a shot at green card