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All Forum Posts by: Umar Faruq

Umar Faruq has started 2 posts and replied 2 times.

Hi everyone,

I'm currently on an H1B visa, and while my green card might be processed around early 2027, I'm eager to start building a real estate portfolio now using the BRRRR strategy.

I'm planning on being passive—doing rehabs through contractors, using a property management company, using hard money lenders, and then refinancing to conventional loans.

My W-2 company's immigration attorney mentioned I can only have one rental property, which didn't quite make sense to me. I'm looking for clarity on what’s legally allowed and how other investors on H1B are handling this.

Are there any real estate/immigration attorneys here who can clarify or possibly connect with me? Also, would love to hear from fellow investors in similar situations—how are you navigating this?

Thanks in advance!
Umar

Hi All,
I'm starting my house hacking journey with single family (not good multi families in the area!) and I found the house to have a crack in the foundation. It has a crown in the middle and the floors are sloping both ways. Is this typical for a house of 60 years old with a slab foundation? Would it affect renting or resale value? If it is safe, how do I negotiate with the seller for a lower price (Can I ask 10-20% reduction?). Really appreciate your inputs on this. Thank you in advance!