I need help with assets (Split)

[Yahuda ben Abraha 0]

I need help with assets. I own 3 properties 2 of them are rental units Can I count the rental units as an asset The rules say something about you cannot count property that you receive financial gain from something like that. There is no mortgage on anything If I can only count my house it is worth a 153000 and I have 106000 In Ford stock. I have petitioned a wife and 2 children in the Philippines. I'm expecting an interview letter and maybe the next 2 weeks Because I'm writing off the rental units it drops my income to 16000 Am I going to be okay

[powerpuff 6,744]

***Above post was split off from someone else’s thread ***

[pushbrk 13,004]

17 hours ago, Yahuda ben Abraha said:

I need help with assets. I own 3 properties 2 of them are rental units Can I count the rental units as an asset The rules say something about you cannot count property that you receive financial gain from something like that. There is no mortgage on anything If I can only count my house it is worth a 153000 and I have 106000 In Ford stock. I have petitioned a wife and 2 children in the Philippines. I'm expecting an interview letter and maybe the next 2 weeks Because I'm writing off the rental units it drops my income to 16000 Am I going to be okay

The rules say nothing like that.  Equity in Real Estate that is not your primary residence can be counted and documented.  Do not count your primary residence.   You can show the equity as an asset but the Consular Officer won't consider it "liquid" meaning not available to support your family.  They WILL consider the equity in the rental properties.  You'll need to document their value (A tax assessment will work if you don't have actual appraisals.) and you'll need to document there is no mortgage.