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 🎆

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

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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.

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