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Updated about 1 year ago, 11/14/2023

User Stats

34
Posts
22
Votes
Shuvrajit Mukherjee
  • New to Real Estate
  • Chicago
22
Votes |
34
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?

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