Qualifying for support using a property - what documents?

[rickjames8 0]

I read a post on this forum before regarding this very topic, and now I cant seem to find it.

I am using an investment property to prove support in my AOS, as I have no US income for the past 3 years. Can Iuse a realtor-provided comp, or a Zillow estimate, or county tax records?

I need to prove that the house is worth at least $56930 ($18310 x 3). It's worth about $105,000. The county tax records even have it at $66,000. Tax records are always known for being low.

I read on the AOS instructions that they want a recent report from an appriaser. Are they strict on this? Or could I use another method?

Thanks,

-Rick

[speedwell 224]

I read a post on this forum before regarding this very topic, and now I cant seem to find it.

I am using an investment property to prove support in my AOS, as I have no US income for the past 3 years. Can Iuse a realtor-provided comp, or a Zillow estimate, or county tax records?

I need to prove that the house is worth at least $56930 ($18310 x 3). It's worth about $105,000. The county tax records even have it at $66,000. Tax records are always known for being low.

I read on the AOS instructions that they want a recent report from an appriaser. Are they strict on this? Or could I use another method?

Thanks,

-Rick

Rick, the main thing is that the property needs to be renderable into ready cash so you can pay your expenses. An investment property should be OK. I read somewhere that your personal residence where you intend to live is not a good idea to use for this purpose, but a home you are leaving in the foreign country may be if it is up for sale. It's tricky to use real estate. A recent appraisal is essential. Don't forget to allow for capital gains tax when you think about how much of the funds will be available to you in the US. Consider whether you can use a co-sponsor to flesh out your support portfolio.

Edited February 10, 2013 by speedwell

[ik2011 2]

I read a post on this forum before regarding this very topic, and now I cant seem to find it.

I am using an investment property to prove support in my AOS, as I have no US income for the past 3 years. Can Iuse a realtor-provided comp, or a Zillow estimate, or county tax records?

I need to prove that the house is worth at least $56930 ($18310 x 3). It's worth about $105,000. The county tax records even have it at $66,000. Tax records are always known for being low.

I read on the AOS instructions that they want a recent report from an appriaser. Are they strict on this? Or could I use another method?

Thanks,

-Rick

I used the tax records from the county. I also had other assets, so, I am not sure which ones they counted.

[Penguin_ie 5,993]

Tax records don;t usually count, you need a recent assessment from a professional, or sales papers if you bought the property very recently.