Do I need to joint sponsor?

[rzjz11 0]

I own 2 houses in the US and I also rented them out for my income since last year.

Because of the house expenses for repair houses, my 2016 tax form showed me to have $0 total income and $0 adjusted gross income.

 

According to the leases, I should get $33000 rent this year. I applied F2A for my wife and my kid(younger than 16). I'm back to my home country and waiting for the visa interview with my wife and kid. I have I 131 with me.

 

Because I didn't make enough to pay taxes the first year after I got my green card. With my current annual income is a little over $30000, my saving is a little over $30,000,  do I still need to get a joint sponsor? If so, what form should my join sponsor fill out?

 

I checked the poverty level in 2017 for 3 people after 125% is $25,525.

 

Thanks for your time.

 

[Coco8 1,042]

You can also add the value of the houses in terms of real state.

 

You should look into how to use assets to sponsor visas. When using assets (property/savings) you need more than income from a job. 

 

The more you add the better because you avoid getting an RFE for more information. But you need to make sure you are adding everything correctly.

[rzjz11 0]

On 10/9/2017 at 12:56 AM, Coco8 said:

You can also add the value of the houses in terms of real state.

 

You should look into how to use assets to sponsor visas. When using assets (property/savings) you need more than income from a job. 

 

The more you add the better because you avoid getting an RFE for more information. But you need to make sure you are adding everything correctly.

Thanks. so if I can provide houses ownership, rent income, saving from the bank, I should be good, right?

[Coco8 1,042]

24 minutes ago, rzjz11 said:

Thanks. so if I can provide houses ownership, rent income, saving from the bank, I should be good, right?

For the numbers you gave us, you should be OK.

[Villanelle 4,122]

Your income from the houses wont count since you show 0 income from them on your tax returns. You will be using all assets. You need appraisals of the homes. Its the value less any loans you have. That plus any money in the bank needs to equal 3x the poverty guidelines.

 

The joint sponsors household size would be them, their spouse if they have one, their children if they have any plus your wife and son.

 

Edited October 15, 2017 by Damara

[rzjz11 0]

1 hour ago, Damara said:

Your income from the houses wont count since you show 0 income from them on your tax returns. You will be using all assets. You need appraisals of the homes. Its the value less any loans you have. That plus any money in the bank needs to equal 3x the poverty guidelines.

 

The joint sponsors household size would be them, their spouse if they have one, their children if they have any plus your wife and son.

 

The 2 houses were paid by cash, so no loans. Will the purchase contracts work as an asset proof since the houses were purchased less than 2 years?

 

Why 3 x the poverty guidelines? I thought it should be 125% poverty guideline.  3 people= $25,525

 

The saving account in the bank is over $30000, so I should be good, right? I'm trying not to get a joint sponsor. I 864A form said : this form may only be used if the sponsor doesn't meet the poverty guideline.

[geowrian 22,338]

1 minute ago, rzjz11 said:

Why 3 x the poverty guidelines? I thought it should be 125% poverty guideline.  3 people= $25,525

Assets (not income) must be at 3x 125% of the income level for a spouse or minor child, and 5x for all others.

[rzjz11 0]

2 minutes ago, geowrian said:

Assets (not income) must be at 3x 125% of the income level for a spouse or minor child, and 5x for all others.

I see. Thanks.

 

My saving is about $30,000.  Does the house purchase contract work for assets? I also have leases from the rentals.

 

Thanks.

[Villanelle 4,122]

Again, the lease/rental income wont count as income since you reported 0 income for 2016.

 

According to the forms instructions you need to provide an appraisal for any property.  You can send it in with out it but it may not be accepted.

 

If you use a joint sponsor/cosponsor they fill out the 864 (their spouse the 864a) and you still fill out the 864 as well. 

[rzjz11 0]

1 hour ago, Damara said:

Again, the lease/rental income wont count as income since you reported 0 income for 2016.

 

According to the forms instructions you need to provide an appraisal for any property.  You can send it in with out it but it may not be accepted.

 

If you use a joint sponsor/cosponsor they fill out the 864 (their spouse the 864a) and you still fill out the 864 as well. 

Thanks. I see.

 

Last question, for F2A, Do I need to file 2 separate I 864 forms, one for  my wife, one for my daughter? Thanks