I am on H1B, and currently based out of bay area, CA. Can I buy property/ real estate in TX or GA for purely investment purposes and use rental income from that to offset mortgage payment and generate cash flow. Is that okay to do on H1B? Any advice from people who have done this or from legal folks in this bowl will be helpful.

Happy New Year 🎆

like
Posting as :
works at
You are currently posting as works at

Yes, okay from visa standpoint. How do you plan to manage the property from CA ?

like

Yes you can.

Totally ok ! Go for it

^. I just did it.

You can I think as it’s not a job

You will need to report any income to the IRS. You will need to pay taxes in GA. TX doesn’t have a state tax , but you’re going to pay pretty high property taxes in that state. Also read up on landlord/rental laws of specific states, before you do it.

Yes do it. You can I bought my first condo on OPT :)

SM1 - thanks. Any advice for first time buyers 😅

Couple of things, if buying brand new houses be careful of appraisal value, inspection and negotiation of sale price.

Related Posts

Won’t the proliferation of digital fiat currencies created by central banks (US, England, China, Sweden) make bitcoin’s success inevitable?

like
like

What is the best credit card offer these days? Good credit score, a travel spend about 5-6k coming up..

like

Heard on NPR Mktplc- Larry Fink - Blackrock CEO - 2018 Letter to CEO’s. He wants companies to make a positive contribution to society. How are you shaping investments for greater good? Tips?

like

What does your NW breakdown look like ? In my case it is as follows
Home equity: 15%
Investments Stocks/ETFs : 25%
Retirement account: 30 %
Cash: 30%

like

Can someone explain high yield savings accounts to me? Why doesn’t everyone use them? Should I switch banks so that my HYSA is the same as my checking account?

like

Need genuine advise. Got a call from Oasis Resource management pvt ltd. They said that they can help in conducting interviews in canada or UK. Total 5 interviews. They will charge 72k for this and 2k for profile investigation. They claim that under work permit, accomodation, travel cost, meal will be borne by employer for whole work visa tenure along with salary as per profile and market standard.
Are they legit ?
Should i proceed with them ?
Any chance of them being fraud ?
I m ca 7+ yoe 32ctc.

like

Supreme Court Decision Regarding Notices to Appear (NTA) for Immigration Court by David H. Nachman, Esq., Ludka Zimovcak, Esq., Snehal Batra, Esq. and Samantha Chasworth, Esq. <https://discuss.ilw.com/articles/articles/400340-article-supreme-court-decisionr-egarding-notices-to-appear-nta-for-immigration-court>

like

What’s the best credit card for a married couple who shared finances? We were thinking American Express but kind of lost.

like

Currently 31 with 6.5 YOE and single . Should have NW of 250k by end of this year. (No significant assets in India). Considering this money all reminds invested I should have a decent nest egg for retirement. Have an LIC policy that will be worth arnd 50 lakhs when I surrender it (plan down payment for an apartment). Struggling to convince parents this should be enough for me to move back. They think I should move back when I have more financial security. What more should I plan for ?

like

In your opinion which is the best target fund to choose in IRA Roth?

As a single person, is it weird to buy a big 4 bedroom house instead of a 1 bedroom condo?

like
like

Wohooo if you kept it for 3 more days you could have made 35k !!!! Wohooo !!!

Post Photo
likefunny

Hi fish fam.
Did anyone here go from O-1 to EB-1 green card as a creative? If so, please reply or HMU, I’d love to pick your brain. Thanks in advance!

like

1099 or w-2 ? I have been given the option though the company prefers w-2. It’s a day rate booking couple of months or more (no end date). I already have 1099 from similar company this year and am leaning towards 1099, but I don’t want to be difficult. I do take home office deduction and they are not supplying any equipment. Suggestions?

like

Will mods hurt the resale value of a car? I'm considering selling my daily and am debating on whether or not I should put the effort in to return it to stock.

like

Anyone switched from consular processing to change of status to activate their H1B? If yes, could you pls share when and how(i.e. if you had a ppmd looped in) you reached out to the law firm. My worm authorization is set to expire in 6 months and travel to home country is risky..

like

Excellent. Been holding onto some cash and just bought a ton of DNT, REQ, VEN, and DIVX. Let's do this.

like

Wrapping my head around the equity piece of an offer. Is the equity you are granted in dollars converted to shares right away? So if the stock goes up or down, the totally dollar amount in equity granted when you sign might not be what you actually get over the first four years?

like

More Posts

Hi friends, any agency editors gone from editing in house to art or creative directing? If so, how? I love editing, but I see myself in a more conceptual role down the road. Thanks for any insights y’all can provide ❤️

like

Curious what comp package and terms it’d take for successful 5+ YOE freelancers to consider staff? Please also leave your YOE w response.

Hello fishes,

Please help i am Lead associate at 7 LPA CTC. Can I expect 10 LPA CTC in my next cycle progression/promotion.

Please help experience person.

Thank you

like

Kab aaegi salary? Pizza order karne ke bhi paise nahi hai

funny

Supreme Court Decision Regarding Notices to Appear (NTA) for Immigration Court by David H. Nachman, Esq., Ludka Zimovcak, Esq., Snehal Batra, Esq. and Samantha Chasworth, Esq. <https://discuss.ilw.com/articles/articles/400340-article-supreme-court-decisionr-egarding-notices-to-appear-nta-for-immigration-court>

like

When should a stub start getting worried about not having much work and low billable hours?
I’ve asked for work but no luck. I know they say this is normal for a stub but when should I start getting worried and consider looking for exit options? Fyi, I like my practice group, so I don’t want to change to a different group within my firm, hence would have to lateral, if I have to. Also, other co-1st years are churning in high hours.

like

What’s the best credit card for a married couple who shared finances? We were thinking American Express but kind of lost.

like

Currently 31 with 6.5 YOE and single . Should have NW of 250k by end of this year. (No significant assets in India). Considering this money all reminds invested I should have a decent nest egg for retirement. Have an LIC policy that will be worth arnd 50 lakhs when I surrender it (plan down payment for an apartment). Struggling to convince parents this should be enough for me to move back. They think I should move back when I have more financial security. What more should I plan for ?

like

Need a referral for Audit profile at Bangalore location

I’m a CA with 6 years of experience in(Statutory and Internal)

Currently I’m living in Delhi, and willing to relocate to Bangalore

like

EY is giving good pay raises to recently promoted partners. Hope you got yours.

likefunny

How does recruiting for Tech (FAANG) work?

like

Current TC: 88k (83k base, 5k performance bonus), 3 YoE. Healthcare specific domain consultant. Looking to get into strategy work. Offer at strategy firm is 95k base pre-negotiation . Is this worth jumping over for? Tips on negotiating higher? For reference, manager level at my firm pays 95k base and if I stay, that would take 3-4 years for promo. Thanks for any advice!

like

Hey guys I’m trying to figure out the market rate for a staff tax accounting position as I am new to the industry. I am looking in Long Island New York any help would be great. Looking to start at a mid sized firm.

like

Working as a regional business development manager at an interior designing company based in Kerala. Looking for opportunities in other sectors and cities.

like

Which is better to join @capgemini or @BNY?

like

What are the best consulting firms for someone with a TS/SCI with FSP? Non staffing roles. I’d rather do strategy, transformation, tech integration, etc...

likehelpful

Anyone have any recommendations for a good exterior car wash?

like

Hi ,
My manager told he raised my ITA promotion. Where i can track that in ultimatix?

like

Size question. When you buy ovecoats do you buy thinking of wearing over jacket / suits or just shirt? The fit and size will change depending on what you do.

Additional Posts in Desi Consultants

Any recommendations for books for desi parents ? Politics , economics, world order , self help

Which trading platforms do you use in India??
As a NRI, how do you guys plan your investments?

For those on the mass DilMil thread started recently thanks to Mr. Ankur from product team! Hola 🤣🙌🏻

like

When Parents want you to see Baghban with them, show them chhichhore instead 😁. #mondayblues

like

Anyone did transit though Hong Kong? Seems we need to register and get approval? Can you pls share your experience if any?

Anyone works at Salesforce? I so want to be a part of the firm!!

Anyone here know what marriage based green card timeline looks like how long does it take for the EAD and then for the interview to get scheduled?

like

Currently 31 with 6.5 YOE and single . Should have NW of 250k by end of this year. (No significant assets in India). Considering this money all reminds invested I should have a decent nest egg for retirement. Have an LIC policy that will be worth arnd 50 lakhs when I surrender it (plan down payment for an apartment). Struggling to convince parents this should be enough for me to move back. They think I should move back when I have more financial security. What more should I plan for ?

like

Laid off by Deloitte. 7 years of experience in strategy and operations consulting. Need help with companies that sponsor

like

Anyone aware of international airlines refunding Indian travellers to the US because of COVID? Wondering what their positions are this month especially with the rise in confirmed cases in the US.

like

Can I file AR-11 myself or this has to be done by lawyer?

like

Anybody read Ants Among Elephants? Thoughts?

like

What if Pakistan and India unite and form one single country ? Imagine the possibilities for our own people. Our cultures are more similar than our differences. After all we (both countries) are children of the same mother who just lived in separate houses (read partition) for 70+ years. All the money spent on military could be used for education , food and scientific development . Together we can be world’s superpower. What’s your take

likefunnyuplifting

Why daily flights still going to China from Delhi, while commercial flights stay suspended for Indians?

Flight SC2162 from DEL to KMG (live)

Post Photo
likehelpfulfunny

Rejected by google. Very depressed as was hoping to escape big4 consulting esp with all these h1b crap going on. Unsure of next move- hate going again on the interview treadmill which is depressing

like

Sucks to be on h1 b for two cycles of recession. Second cycle is particularly hard as now we are with families.

like

What is the best and cheapest courier service to send an parcel from us to India. I want to send some medicines and pain killer creams to my mom who lives in country side of up,India. Does custom blocks pain killer creams ?

like

Any book recommendations to gift my cousin sister? She studied (masters) psychology and is a trained classical dancer.

like

I'm 6 months old at D! Planning early promotion next year.. counselor and pm both are backing me.. I need to go to India for at least 4 weeks in Dec ... most probably would be rolling off from current project by then .. would this vacation hurt my promotion chances coz of utilization etc?

Is it legal for green card holders to work on a second /side gig on Corp 2 Corp ?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal