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Yes. The US luxury condo market is being fueled by EB-5 visa applicants. They have to invest $450k to $1mm. That gets you a pretty nice pad.
by yardie 8y ago
Yes. The US luxury condo market is being fueled by EB-5 visa applicants. They have to invest $450k to $1mm. That gets you a pretty nice pad.
- NhanH 8y agoThey have to invest the money into a business, or one of those regional centers. Buying a house does not get you the EB-5 visa.
- asdfasgasdgasdg 8y agoIIUC rental leasing companies are businesses. https://www.citylab.com/equity/2019/04/hudson-yards-financing-eb5-investor-visa-program-immigration/586897/ https://www.citylab.com/equity/2019/04/hudson-yards-financin...
- NhanH 8y agoThe case in TFA is putting in money as investment for a business to develop housing. That is NOT buying a house.