EB5 was founded to help investors to gain permanent residency in the United States in return for real estate investment. There are real estate companies that you can use to invest. There is a minimum amount to invest in for you to qualify for a green card. You may have to pay $500,000 or $1 million. Below is a complete guide for foreign nationals who want to seek green card through real estate investment.
There are two programs that foreign investor track has. They are the Basic program and Regional Center Pilot Program. As for the basic program you will have an active role to play in your investment. On the other hand, regional centers need you to be a partial owner or partner. Basically your investment needs to create about 10 U.S jobs.
There are advantages of real estate investment. You need to invest directly or indirectly in real estate and meet all the requirements before you apply for a green card. Your kids who are under 21 years and spouse will also become permanent residents of the U.S. You also increase your net worth via annual payments that you receive when you become a partial owner. Your children will get affordable and quality education. They have access to both the state and federal government financial aid, grants and loans.
Getting a green card through real estate investment is an ideal place to start if your aim is to get United States citizenship. Once you have invested, you need to prove that you are a law abiding and permanent resident to qualify as a citizen.
It is important you file an N400 (Application for naturalization). It will be your opportunity to go through civics test and an interview. However, you should not go through this process if you are not interested in U.S. citizenship. You just need to renew your green card before it expires to retain your permanent resident status.
Real estate is a way of creating wealth. There are lots of ways to generate income from it. One property will help you purchase more buildings. For example, you can opt to invest in commercial rental property to increase regular cash flow. Also, U.S. properties are known to appreciate up to 20%.
There are several stages involved in processing green card through real estate investment. It is advisable you consult an immigration attorney before you begin the process. The attorney will assist you with the application process. They will assist you to identify real estate businesses that fit your needs.
The amount of processing fee is determined by the type of investment and your location. There are several companies that will help you with the process. For high profitability, ensure you invest in the right property. The companies usually have immigration attorneys to help you obtain your green card.