Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

44
Posts
22
Votes
Shuvrajit Mukherjee
  • New to Real Estate
  • Chicago
22
Votes |
44
Posts

How to find partner to form an LLC

Shuvrajit Mukherjee
  • New to Real Estate
  • Chicago
Posted

I am new to investment, and I want work on BRRRR strategy. I made my first purchase, rehabbed and now it's rent ready. But I find it very difficult to refinance without an LLC. I am here on H1b visa, and according to my lawyer, forming an LLC solely in my name will be seen as violation of the status by USCIS. However if I could form an LLC where someone else is a "manager", and I could be the member. That way it can be shown that I am only an investor in the company, and not working for it.

I wonder how others on H1b has gone around it? Also would love to know if someone ho is a citizen would like to partner along?

Most Popular Reply

User Stats

4,171
Posts
2,541
Votes
Jonathan Klemm
  • Contractor
  • Chicago, IL
2,541
Votes |
4,171
Posts
Jonathan Klemm
  • Contractor
  • Chicago, IL
ModeratorReplied

Hey @Shuvrajit Mukherjee - Awesome to hear you already have your first investment property!

In my opinion, the best way to find a partner is to do what you are doing and tell everybody you know about the situation.  If it's a good deal and you do business the right way I don't see you having a problem finding a partner.

Add some of the other cities near you in your post (Cleveland) so that they show up as keywords in people's searches.

Maybe my friend @Prashanth Mahakali knows some other ways around the H1b?  We are both in Chicago, but I know at one time he had to get his citzenship.

business profile image
Quality Builders
5.0 stars
35 Reviews

Loading replies...