Assets question

[pushbrk 13,123]

The homes will need to be appraised but any car dealer can give an appraisal of the paid for car.

To be perfectly candid - if it were me/us, I wouldn't bother with the car/van (while it may have value, it's not considered with the same weight as a fixed asset).

I would tend to agree but we might as well see the whole picture and figure it out from there. If then need the car to qualify, it's probably not going to work.

Right now I'm seeing a need for a minimum of about $40,000 in equity to even have a chance given only an $800 monthly income.

[sasasasa 0]

well its a car , van and 2 houses and land

Ok, but you haven't been clear about the whole picture.

Take the car she drives and the house she lives in out of the picture and tell me what's left.

How much is each asset worth and how much is the loan or mortgage against it? Then we have something meaningful to work on. Does she also receive rental income from the second house?

There is a home that still has some mortage left on it that was being rented out but is not now. The property it is on is debt free as well as an acre in another county. The household currently being lived in is only 2 to 3 years into the mortgage. There is a car that is paid for as well as another used every day.

She is getting a widows benefit for herself and child which she knows will end after marriage. However, the childs will continue.

So of what is left is the childs benefit which wil continue , one car , one acre of land, one parcel of land and a small mutual fund. She is only working very part time and is looking for ful time enployment.

These assets have not been offically valued yet and she was not sure if only an appraiser could make the judgement of the value and if they can do a vehicle as well as porperty or homes.

The items left with an outstanding balance i think can be counted if they value of htem is taken from the balance owed. Which could stil yield some benefit by claiming them

The homes will need to be appraised but any car dealer can give an appraisal of the paid for car.

It sounds like the bulk of any actuall equity is the paid for house and land. How much does she think they are worth.

How much is the total income that will continue, including the income from employment?

If you'll answer the specific questions, I can give you an opinion on where you stand.

ok here is just a rough idea since they have not been appraised yet but looking back at the past year tax notice, that value was what was used.

the land values at $5,000

the home not being lived in now values app. $24,000 this was estimated at the market value of the property was worth minus what is left owed.

the car that is paid for according to the kelley blue book quote is around $10,000

the other vehicle is less at $4,000 because it is not paid for yet and is the one used daily

mutual funds are app. $900 depending on the market i am sure but this was a recent statement

income from employment and continued benefits will come to around $11,000

if these figures are close or even better to be on the low side of the value it will total $54,400 in both assets and income.

if they take any bases on the current year income which is what was told by an employee at USCIS ( that your current year's income is considered because you can not know what the next year will bring in income) this current years income totals app. $39,000.

maybe this rough figure is enough for you to give a general idea of how we stand and possibly what any other options may be if it doesnt seem to meet the requirements.

thank you for your help

[pushbrk 13,123]

well its a car , van and 2 houses and land

Ok, but you haven't been clear about the whole picture.

Take the car she drives and the house she lives in out of the picture and tell me what's left.

How much is each asset worth and how much is the loan or mortgage against it? Then we have something meaningful to work on. Does she also receive rental income from the second house?

There is a home that still has some mortage left on it that was being rented out but is not now. The property it is on is debt free as well as an acre in another county. The household currently being lived in is only 2 to 3 years into the mortgage. There is a car that is paid for as well as another used every day.

She is getting a widows benefit for herself and child which she knows will end after marriage. However, the childs will continue.

So of what is left is the childs benefit which wil continue , one car , one acre of land, one parcel of land and a small mutual fund. She is only working very part time and is looking for ful time enployment.

These assets have not been offically valued yet and she was not sure if only an appraiser could make the judgement of the value and if they can do a vehicle as well as porperty or homes.

The items left with an outstanding balance i think can be counted if they value of htem is taken from the balance owed. Which could stil yield some benefit by claiming them

The homes will need to be appraised but any car dealer can give an appraisal of the paid for car.

It sounds like the bulk of any actuall equity is the paid for house and land. How much does she think they are worth.

How much is the total income that will continue, including the income from employment?

If you'll answer the specific questions, I can give you an opinion on where you stand.

ok here is just a rough idea since they have not been appraised yet but looking back at the past year tax notice, that value was what was used.

the land values at $5,000

the home not being lived in now values app. $24,000 this was estimated at the market value of the property was worth minus what is left owed.

the car that is paid for according to the kelley blue book quote is around $10,000

the other vehicle is less at $4,000 because it is not paid for yet and is the one used daily

mutual funds are app. $900 depending on the market i am sure but this was a recent statement

income from employment and continued benefits will come to around $11,000

if these figures are close or even better to be on the low side of the value it will total $54,400 in both assets and income.

if they take any bases on the current year income which is what was told by an employee at USCIS ( that your current year's income is considered because you can not know what the next year will bring in income) this current years income totals app. $39,000.

maybe this rough figure is enough for you to give a general idea of how we stand and possibly what any other options may be if it doesnt seem to meet the requirements.

thank you for your help

First, you can't add assets to income. You treat them separately and apply a formula.

Let me see if I have this straight.

Assets

1. $24,000 equity in home not lived in

2. $ 5,000 equity in paid for land

3. $ 1,000 mutual fund

$30,000 total liquid assets. Divide that by 3 to get $10,000 that can be used to offset an income shortfall.

Add that to $11,000 in actual income and you have $21,000. That's $1,000 short of the 125% of poverty level for a household of three.

I'm not using the $10,000 paid for van because if she were willing to sell it, she would already have done so. I'm using "current income" that will continue. Don't believe anything you hear from the USCIS misinformation line. We don't call it that for nothing. USCIS doesn't evaluate the I-134, Consular Officers do. A $10,000 car is not going to mean anything to them. They are evaluating whether a reasonable person would conclude you, the immigrant, are not going to become a public charge.

Add to this you're a male attempting to immigrate from Egypt. As difficult as that is going to be anyway, I wouldn't try to get a visa approved with such slim petitioner financials without a co-sponsor.

[sasasasa 0]

i may forget somethings so i will ask my fiance to sign in and give u the right detels

[sasasasa 0]

well its a car , van and 2 houses and land

Ok, but you haven't been clear about the whole picture.

Take the car she drives and the house she lives in out of the picture and tell me what's left.

How much is each asset worth and how much is the loan or mortgage against it? Then we have something meaningful to work on. Does she also receive rental income from the second house?

There is a home that still has some mortage left on it that was being rented out but is not now. The property it is on is debt free as well as an acre in another county. The household currently being lived in is only 2 to 3 years into the mortgage. There is a car that is paid for as well as another used every day.

She is getting a widows benefit for herself and child which she knows will end after marriage. However, the childs will continue.

So of what is left is the childs benefit which wil continue , one car , one acre of land, one parcel of land and a small mutual fund. She is only working very part time and is looking for ful time enployment.

These assets have not been offically valued yet and she was not sure if only an appraiser could make the judgement of the value and if they can do a vehicle as well as porperty or homes.

The items left with an outstanding balance i think can be counted if they value of htem is taken from the balance owed. Which could stil yield some benefit by claiming them

Ok here is a breakdown of the estimated assets

Land $5,000

Home $24,000

Mutual fund $900

Car $10,000 ( if applicable)

Van $4,000 ( if applicable)

The house being occupied was not counted because I don't believe there would be much equity in it.

Income (currently) $11,000

Income ( after marriage due to childs DIC benefits ) approx. $15,000

Savings account (currently) $2,000

The homes will need to be appraised but any car dealer can give an appraisal of the paid for car.

It sounds like the bulk of any actuall equity is the paid for house and land. How much does she think they are worth.

How much is the total income that will continue, including the income from employment?

If you'll answer the specific questions, I can give you an opinion on where you stand.

ok here is just a rough idea since they have not been appraised yet but looking back at the past year tax notice, that value was what was used.

the land values at $5,000

the home not being lived in now values app. $24,000 this was estimated at the market value of the property was worth minus what is left owed.

the car that is paid for according to the kelley blue book quote is around $10,000

the other vehicle is less at $4,000 because it is not paid for yet and is the one used daily

mutual funds are app. $900 depending on the market i am sure but this was a recent statement

income from employment and continued benefits will come to around $11,000

if these figures are close or even better to be on the low side of the value it will total $54,400 in both assets and income.

if they take any bases on the current year income which is what was told by an employee at USCIS ( that your current year's income is considered because you can not know what the next year will bring in income) this current years income totals app. $39,000.

maybe this rough figure is enough for you to give a general idea of how we stand and possibly what any other options may be if it doesnt seem to meet the requirements.

thank you for your help

First, you can't add assets to income. You treat them separately and apply a formula.

Let me see if I have this straight.

Assets

1. $24,000 equity in home not lived in

2. $ 5,000 equity in paid for land

3. $ 1,000 mutual fund

$30,000 total liquid assets. Divide that by 3 to get $10,000 that can be used to offset an income shortfall.

Add that to $11,000 in actual income and you have $21,000. That's $1,000 short of the 125% of poverty level for a household of three.

I'm not using the $10,000 paid for van because if she were willing to sell it, she would already have done so. I'm using "current income" that will continue. Don't believe anything you hear from the USCIS misinformation line. We don't call it that for nothing. USCIS doesn't evaluate the I-134, Consular Officers do. A $10,000 car is not going to mean anything to them. They are evaluating whether a reasonable person would conclude you, the immigrant, are not going to become a public charge.

Add to this you're a male attempting to immigrate from Egypt. As difficult as that is going to be anyway, I wouldn't try to get a visa approved with such slim petitioner financials without a co-sponsor.

[sasasasa 0]

i am the fiance and sponser sorry it wont show what i said

i will send it again

Ok here is a breakdown of the estimated assets

Land $5,000

Home $24,000

Mutual fund $900

Car $10,000 ( if applicable)

Van $4,000 ( if applicable)

The house being occupied was not counted because I don't believe there would be much equity in it.

Income (currently) $11,000

Income ( after marriage due to childs DIC benefits ) approx. $15,000

Savings account (currently) $2,000

[pushbrk 13,123]

i am the fiance and sponser sorry it wont show what i said

i will send it again

Ok here is a breakdown of the estimated assets

Land $5,000

Home $24,000

Mutual fund $900

Car $10,000 ( if applicable)

Van $4,000 ( if applicable)

The house being occupied was not counted because I don't believe there would be much equity in it.

Income (currently) $11,000

Income ( after marriage due to childs DIC benefits ) approx. $15,000

Savings account (currently) $2,000

Then why are you talking about assets only? The income requirement is $22,000. She has $24,000.

No, neither car is applicable. Savings accounts are assets.

So here's the consolidated breakdown.

$25,900/3 =$8633

$24,000 + $8633 = $32,633 It's enough.

Forget the cars but if you list assets, you list both houses, even if has little equity because you want to make it clear she has two houses, not one.

[Nagishkaw 510]

my fiance she's my sponsor so we all 3 me her and her daughter

In that case she needs three times as many dollars worth of equity (assets minus and loan or mortgage balances) to qualify. This is a technical minimum, not an assurance. The standard you need to meet is to convince a Consular Officer, you won't become a public charge. It's unlikely an intelligent person is going to believe your fiancee is willing to sell her house and car to pay rent someplace in order to support you. If her only income is child support of $800, and only assets are tied up in house and car, I would not expect success.

You'll probably need a co-sponsor or she'll need a job.

i heard there alot of people use they assets only to be a sponsoer it was false? like a memper here (Nagishkaw)

To be clear, I own my home free and clear. Also, I used other assets like Life Insurance and money in the bank. From my understanding, the embassy in Cairo isnt too picky , but later when filing the AOS ( the I -864 ), that will be another whole ball of wax.

[sasasasa 0]

Land $5,000

Home $24,000

Mutual fund $900

Car $10,000 ( if applicable)

Van $4,000 ( if applicable)

there another house she live in and didnt count cos its all by loan and she think its not much at all but i will do ur advice and mention about it with the assets

and she didnt count her income cos its widoe's income and will stop after married

her young daughter Income (currently) $11,000

her young daughter Income after we get married $15,000

Savings account (currently) $2,000

i dunno if we can use the car and van as assets or not?

[pushbrk 13,123]

Land $5,000

Home $24,000

Mutual fund $900

Car $10,000 ( if applicable)

Van $4,000 ( if applicable)

there another house she live in and didnt count cos its all by loan and she think its not much at all but i will do ur advice and mention about it with the assets

and she didnt count her income cos its widoe's income and will stop after married

her young daughter Income (currently) $11,000

her young daughter Income after we get married $15,000

Savings account (currently) $2,000

i dunno if we can use the car and van as assets or not?

You can list all assets but they are not likely to consider old cars and lived in houses with little equity for this purpose.

Doing the math again, you have $30,000 in meaningful assets and $15,000 in countable benefits. The assets replace $10,000 in income shortfall so when added to the $15,000 you have $25,000 or $3,000 over the minimum requirement.

You could improve this by selling the paid for $10,000 car. I'm not counting $2,000 in the savings account because in all likelyhood, that will be used to get you here and pay for AOS fees.

List all the assets anyway but I would expect them to consider your finances as I've described. You meet the minimum requirements but I would be prepared to explain your family's plans for improving the financial picture.

You might want to consider skipping the K3 and going with the CR1 visa. This would allow you to begin working right away instead of being a financial burden for 4 months or more and save a few hundred bucks in fees.