Can I open LLC?

Visa
rockhard!

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rockhard!
Oct 29, 2021 21 Comments

I am an Indian citizen working for an American company in the USA that sponsored my H1B visa. Can I open my own LLC (business entity structure) to buy an investment real estate property in the USA, using my LLC (Can I incorporate an LLC and can that LLC buy a real estate investment property)?

I am looking to buy an property which I wanna rent in future.

Any advice?

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TOP 21 Comments
  • Google
    metalol

    Go to company page Google

    metalol
    Don’t do it while living in California
    Oct 29, 2021 9
  • Moody's
    sixteen

    Go to company page Moody's

    sixteen
    Are H1B visa holders not allowed to buy a house for rental purpose and make money ? I understand you're asking something at scale but just a house or two as rental income is legal or not ??
    Oct 29, 2021 1
    • BBVA
      system-err

      Go to company page BBVA

      system-err
      Yes you can buy as many rental as you want. You cannot do active property management though. Hire a property management company to manage day to day management.
      Oct 29, 2021
  • facing the same thing. property manager is saying if you are cali resident u need to have llc. so wondering if all property manager will say that or i just need to find another property manager
    Nov 26, 2021 1
    • Zscaler / Eng
      bluehat

      Go to company page Zscaler Eng

      bluehat
      I don't think so. I'm from CA and have a couple of rental properties. One in CA and another one in GA. Both of them are running via property management.
      Mar 10
  • Workday
    cococeo

    Go to company page Workday

    cococeo
    Anyone can form company in the US. The only issue is you can’t actively work for it unless LLC sponsors you .
    Oct 29, 2021 1
    • New
      MKnP67

      New

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      MKnP67
      OP owns the LLC or whoever his friend or family member is acting as the owner of the LLC will sponsor OP himself. No issues.
      Dec 8, 2021
  • BBVA
    system-err

    Go to company page BBVA

    system-err
    You can do it.
    But What’s your long term objective ? Do you want to invest a portfolio of rentals ?

    Or is it just for one or 2, if that, you can just take liability insurance instead.
    Oct 29, 2021 1