Rental Income on E1 Visa?

[steve22 0]

I am on an E1 Visa and think about buying me a house. 

I would also like to rent out an apartment to refinance my investment.

Am I allowed to create a rental income?

[payxibka 10,045]

Rental income is classified as passive income and not salary or wages from work.   No different than interest on savings or certificates of deposit.  Income is being generated from an investment of money.

 

With other income, the question is whether the USCIS would consider it to be evidence of unauthorized employment. The test would be whether this is an active or passive investment. For example, renting a room in your home, where there is no service performed in return for compensation, generally would be considered passive. However, setting up a company that purchases multiple properties that you renovate, manage, and receive income from could be viewed as active, and your “work” for that company that you’ve created could be viewed as unauthorized employment.

Edited January 1, 2018 by payxibka

[Boiler 45,525]

Long term rental income would be ok, short term might be an issue depending.

[Italian_in_NYC 259]

22 hours ago, payxibka said:

Rental income is classified as passive income and not salary or wages from work.   No different than interest on savings or certificates of deposit.  Income is being generated from an investment of money.

 

With other income, the question is whether the USCIS would consider it to be evidence of unauthorized employment. The test would be whether this is an active or passive investment. For example, renting a room in your home, where there is no service performed in return for compensation, generally would be considered passive. However, setting up a company that purchases multiple properties that you renovate, manage, and receive income from could be viewed as active, and your “work” for that company that you’ve created could be viewed as unauthorized employment.

Correct.

You can even go for the company that is involved in the trade or business of renting and managing properties, just make sure you don't perform any work for it, beyond the typical activities of a passive investor (like attending a board meeting).