Hi, Question for all experienced/experts people living in the US for sometime:
I am on an H1b visa employed with a company. I plan on buying a multi family house (4 units) and rent all of them out while living somewhere else (or possibly living in one of the units). This investment will be solely mine and is not incorp. or LLC.
Can I legally do that on this temp visa?
Can I declare rental income in addition to my regular employment income on my taxes?
Will this affect the current GC process I have been filed for?
I will be doing everything myself including finding tenants and doing the repairs on the property, mostly during the evenings after my current job time/weekends.
Sound advice, from someone who has invested in this style before, will be appreciated. (Half information/guesswork is dangerous)
Thanks much. -RM
I am on an H1b visa employed with a company. I plan on buying a multi family house (4 units) and rent all of them out while living somewhere else (or possibly living in one of the units). This investment will be solely mine and is not incorp. or LLC.
Can I legally do that on this temp visa?
Can I declare rental income in addition to my regular employment income on my taxes?
Will this affect the current GC process I have been filed for?
I will be doing everything myself including finding tenants and doing the repairs on the property, mostly during the evenings after my current job time/weekends.
Sound advice, from someone who has invested in this style before, will be appreciated. (Half information/guesswork is dangerous)
Thanks much. -RM