Starting Out
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

How to find partner to form an LLC
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

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.
- Jonathan Klemm
- [email protected]
