Can you use a camper as an asset?

[sweetcitygirl 0]

Hello, can my mother use an asset of her camper worth of 8000 and 2000 in savings, to meet the requirements to sponsor my husband? She has to show assets of 10,320, so the camper and savings would be good, or they dont accept campers?

Thanks so much for your help, sweetcitywife

[amykathleen2005 441]

It needs to be liquid assets like bank accounts or bonds, something that you can get the money for easily.

[Dave&Roza 748]

Hello, can my mother use an asset of her camper worth of 8000 and 2000 in savings, to meet the requirements to sponsor my husband? She has to show assets of 10,320, so the camper and savings would be good, or they dont accept campers?

Thanks so much for your help, sweetcitywife

Liquid assets are best. The USCIS says it must be an asset that can be easily converted into cash and I think they give a time frame of one year. The question will be: How much is the camper worth? Show me an appraisal? A house has a market value, a taxable value, and an appraised value, but it only has a cash value when sold.

It may depend on the person looking at your case as to whether they accept certain items or not. Having an icome above the required level is always the best. Next woul dbe to have cash on hand to cover the shortfall. Next would be investments, but those go up and down with the market. Then there are other assets that hae a value if sold. IMHO you our at risk of problems the more you move from income and cash to other assets.

Good luck,

Dave

[Peace.... 281]

1342108264[/url]' post='5518819']

Hello, can my mother use an asset of her camper worth of 8000 and 2000 in savings, to meet the requirements to sponsor my husband? She has to show assets of 10,320, so the camper and savings would be good, or they dont accept campers?

Thanks so much for your help, sweetcitywife

Okay this is he second post I have responded to about your camper, did you happen to even read what we all said to you including myself in detail about this asset and camper issue in your June posts? Look back under my contents on your profile page.

I used 99.9% in assets and a part time job with only one pay stub to show for his interview and the affidavit. I had two cars and a camper paid off, but i couldnt just say oh its worth what i paid for them years ago. I had to get both cars appraised on letterhead, took my camper to dealership and got written appraisal which ended up being thousands of dollars way less than I paid for it, as campers lose the value as cars do once you take it off the dealership lot.

Is this a pop up camper, a class A recreational vehicle, a fifth wheel camper, a pull behind camper???? Any of these sound like your moms camper? Was it new when purchased or did she buy it used? You said its worth 8000.00 so assuming its one of the above listed for sure. Your mother will need to have an appraisal done on the camper and on company letterhead. The consulate of morocco will not be satisfied with any handwritten letter from any family member, or just a guess of what you think it is worth. If you are having your mother use assets then you better make sure it's documented truthfully and show where every dollar comes from. I had to also send two years of bank transcripts showing deposits and transfers and anything else in between. Since I used assets, I thoroughly read all the requirements and asked many questions to some long time members here who were very helpful.

Remember one thing and one thing only, YOU CANNOT just throw in a number when using assets to make your income bigger, you need actual proof of all numbers for assets and bank letterhead wih a mangers signature and a business card attached.

Good luck..

[Sayha or bust. 71]

The above post is spot on. Why didn't you do your homework before you filed or while you were dating to see what kind of income you would of needed. Maybe get a better job or even two jobs to cover the income part of your visa process. I knew I would have to be 125% above the poverty level for a family of 6. No way in hell would I've got involved with my now wife if I couldn't sponsor her. Sorry to sound judgmental but it strikes a nerve when you get this far in the process and the petitioner doesn't have the income requirements. By the looks of your timeline you had almost 4 years to get it figured out.

I hope it all works out in the end and you can get your husband over here, hopefully he can land a good job. Best wishes.

[sweetcitygirl 0]

Okay this is he second post I have responded to about your camper, did you happen to even read what we all said to you including myself in detail about this asset and camper issue in your June posts? Look back under my contents on your profile page.

I used 99.9% in assets and a part time job with only one pay stub to show for his interview and the affidavit. I had two cars and a camper paid off, but i couldnt just say oh its worth what i paid for them years ago. I had to get both cars appraised on letterhead, took my camper to dealership and got written appraisal which ended up being thousands of dollars way less than I paid for it, as campers lose the value as cars do once you take it off the dealership lot.

Is this a pop up camper, a class A recreational vehicle, a fifth wheel camper, a pull behind camper???? Any of these sound like your moms camper? Was it new when purchased or did she buy it used? You said its worth 8000.00 so assuming its one of the above listed for sure. Your mother will need to have an appraisal done on the camper and on company letterhead. The consulate of morocco will not be satisfied with any handwritten letter from any family member, or just a guess of what you think it is worth. If you are having your mother use assets then you better make sure it's documented truthfully and show where every dollar comes from. I had to also send two years of bank transcripts showing deposits and transfers and anything else in between. Since I used assets, I thoroughly read all the requirements and asked many questions to some long time members here who were very helpful.

Remember one thing and one thing only, YOU CANNOT just throw in a number when using assets to make your income bigger, you need actual proof of all numbers for assets and bank letterhead wih a mangers signature and a business card attached.

Good luck..

Thank you forever waiting, your the best! You answered all of my questions!! I would never submit anything unless i thought it was perfect and correct! And when i filed my mother was also my sponsor and she made 33000 a year,but because of the economny she lost her job, and now has a new one making 19200. But they only look at the 2011 tax return as I called them and asked them, they dont care about present income they told me. Thanks again so much for your help, im sorry that i didnt re read your post before, please forgive me as im a teacher and i travel each day and it makes you really tired.

Please pray we get a sponsor as I want to see my family so bad again, but i wont leave my husband, so i live in Morocco with my husband until we get our visa.

thanks again, sweetcitywife

[sweetcitygirl 0]

The above post is spot on. Why didn't you do your homework before you filed or while you were dating to see what kind of income you would of needed. Maybe get a better job or even two jobs to cover the income part of your visa process. I knew I would have to be 125% above the poverty level for a family of 6. No way in hell would I've got involved with my now wife if I couldn't sponsor her. Sorry to sound judgmental but it strikes a nerve when you get this far in the process and the petitioner doesn't have the income requirements. By the looks of your timeline you had almost 4 years to get it figured out.

I hope it all works out in the end and you can get your husband over here, hopefully he can land a good job. Best wishes.

Saya, thank you for your kind words. I do have a great job and i get paid really good, but I live and work in Morocco and when you convert dirhams, its not very much in dollars. I cant really believe you are telling a stranger that i should of never dated or married my husband, im sorry but i dont speak like that to strangers. For your information we had my mother as the sponsor when we filed and she made 33000. So you cannot make comments when you dont know people's history, as I would never make comments to you as I am very respectful of people.

Thank you anyways, and no problem,

thanks, sweetcitywife

[sweetcitygirl 0]

Hello again forever waiting, to answer your questin it is a RV that you pull. My next question is, if someone uses assets, do you have to add it to their income, or do you have to do the little equation they give you, 5 times the difference? They said my mothers income was not enough, so do i add the assets to her income? I dont understand totally. Can you also use other things of value like jewelry, if i did all the paperwork like you said?

Thanks again for helping and answering

[pushbrk 12,898]

Hello again forever waiting, to answer your questin it is a RV that you pull. My next question is, if someone uses assets, do you have to add it to their income, or do you have to do the little equation they give you, 5 times the difference? They said my mothers income was not enough, so do i add the assets to her income? I dont understand totally. Can you also use other things of value like jewelry, if i did all the paperwork like you said?

Thanks again for helping and answering

You are grasping at straws. You list the assets and document their value. The Consulate will do any calculating needed. Assets are not income, so you do not ADD them to income. It seems you're scrambling to find a way to meet a minimum requirement, which when met, guarantees nothing. A job of your own or a well qualified joint sponsor is what you need.

[Penguin_ie 5,993]

I agree with pushbrk. Unless your mom has very, very expensive jewellery, adding up $500 for a gold chain and a few rings is not worth the appraisal you'd need to pay for, and it will make the CO suspicious if you need to add all those little things to just make it over the poverty line. Remember that 125% is just the absolute minimum- they cannot approve if you are under it, but that do not HAVE TO approve if you are over it, especially if you already need a co-sponsor and that co-sponsor needs to scramble to get enough assets together..

As your mom is not a spouse, she'd need 5x the assets that she is short. So, say she is short $5000 in income, she would need $25'000 of assets that needs to be eqasily liquidated within one year without undue hardship.

[Peace.... 281]

This post is what helped me understand a bit more about using assets as a sponsor and when using a co sponsor, hope it helps.

If your joint sponsor (your MOM) doesn't live with you, then they can't combine income with you. They would have to submit an I-864, and they would have to qualify on their own for their own household size, including the intending immigrant (your HUSBAND)

1. You as a sponsor will need sufficient income for 125% of the poverty guidelines for your household size. If you don't ......then

2. You need a joint sponsor (your MOM) who has income of 125% of the poverty guidelines for their household size, including the intending immigrant. If your joint sponsor, your MOM's income isn't sufficient....then

3. Your joint sponsor YOUR MOM needs assets equal to 5X the shortage of income.

So $23,862 is what you need to meet ASSUMING with three people according to the poverty guideline, if your mom only makes $19,200 which means she is short $4662.00 ....... Here is the formula below

Example for a Household of 3 .... You, Mom, Husband

125% Poverty Guideline $23,862.00

Sponsor's Income your mom is:

$19,200.00

Difference needed is....

$4662.00

Multiply this number by 5

Minimum Required Net Value of Assets your mom will have to show is a whopping extra

$23,310.00

So if I am wrong in this please anyone correct me since I didn't use a sponsor. But from looking around the board this is how many formulated assets when using a co sponsor as she is not the main sponsor. She also would need a ton of gold to equal an extra amount of $23,310.00. Does she have any 401K from her prior jobs to add as an assets?

Edited July 13, 2012 by foreverwaiting

[pushbrk 12,898]

This post is what helped me understand a bit more about using assets as a sponsor and when using a co sponsor, hope it helps.

If your joint sponsor (your MOM) doesn't live with you, then they can't combine income with you. They would have to submit an I-864, and they would have to qualify on their own for their own household size, including the intending immigrant (your HUSBAND)

1. You as a sponsor will need sufficient income for 125% of the poverty guidelines for your household size. If you don't ......then

2. You need a joint sponsor (your MOM) who has income of 125% of the poverty guidelines for their household size, including the intending immigrant. If your joint sponsor, your MOM's income isn't sufficient....then

3. Your joint sponsor YOUR MOM needs assets equal to 5X the shortage of income.

So $23,862 is what you need to meet ASSUMING with three people according to the poverty guideline, if your mom only makes $19,200 which means she is short $4662.00 ....... Here is the formula below

Example for a Household of 3 .... You, Mom, Husband

125% Poverty Guideline $23,862.00

Sponsor's Income your mom is:

$19,200.00

Difference needed is....

$4662.00

Multiply this number by 5

Minimum Required Net Value of Assets your mom will have to show is a whopping extra

$23,310.00

So if I am wrong in this please anyone correct me since I didn't use a sponsor. But from looking around the board this is how many formulated assets when using a co sponsor as she is not the main sponsor. She also would need a ton of gold to equal an extra amount of $23,310.00. Does she have any 401K from her prior jobs to add as an assets?

Based on the example numbers used, the above is a correct description what is needed to meet the minimum requirement. However, simply meeting the minimum requirement is no assurance a Consular officer will rule in your favor on the public charge concern. In fact, the need to scramble just to meet the minimum is plenty of reason to decide against. This is a judgment call they are required to take quite seriously.

[Shoot Em Straight 385]

ton of gold that is what we all could use!!!

[Peace.... 281]

1342199382[/url]' post='5522560']

ton of gold that is what we all could use!!!

Ya know what....last year, I had all these old gold rings, broken necklaces, etc. that I had for many years just sitting around in a jewelry box. After my mom passed away, she had had some jewelry boxes with things of mine when I was in my 20's which now I wouldn't get caught dead wearing, what the heck was I thinking back then lol. Anyways, when gold was at a high rate, I decided to take in a whole baggie full and gosh I got 3100.00 for it all. Geez Louise I about lost my cookies when he said that. I took the offer of course and thought I have so much more at home but it was my moms and I just can't bare to part with it, as I often find myself sometimes looking inside and remembering some of the pieces she so adored and always wanted me to have. So in time, I will pass them down to my daughter, as money cannot replace beautiful memories of a mother.

Now lol as I got off tract sorry OP.

Edited July 13, 2012 by foreverwaiting

[sweetcitygirl 0]

Ya know what....last year, I had all these old gold rings, broken necklaces, etc. that I had for many years just sitting around in a jewelry box. After my mom passed away, she had had some jewelry boxes with things of mine when I was in my 20's which now I wouldn't get caught dead wearing, what the heck was I thinking back then lol. Anyways, when gold was at a high rate, I decided to take in a whole baggie full and gosh I got 3100.00 for it all. Geez Louise I about lost my cookies when he said that. I took the offer of course and thought I have so much more at home but it was my moms and I just can't bare to part with it, as I often find myself sometimes looking inside and remembering some of the pieces she so adored and always wanted me to have. So in time, I will pass them down to my daughter, as money cannot replace beautiful memories of a mother.

Now lol as I got off tract sorry OP.

Thanks everyone for all your help, your the best and so positive!!!