New York, NY asked in Employment Law, Real Estate Law and Immigration Law for New York

Q: What restrictions are there for Employment based Green Card holder to additionally invest into Stocks or Real Estate?

Dear Attorneys,

I would like to understand what are the law regulations and restrictions from investing into Stock Market or Real Estate properties (buy and hold) (multi family) for passive income for Employment-based Green Card holder (with IT specialty).

How passive income is determined and reflected on the paper?

From few phone consultations with other attorneys I didn't get much except that I should stay passive, whatever it means and that my Employment Based Green Card allows me to raise money only from the job, everything else considered as unauthorized employment.

My goal is to build up passive income addition to my salary with purchasing/selling stocks (not a day trading) and investing in real estate (become a landlord) without violation of Green Cart status.

I hope for your advises, thank you.

1 Lawyer Answer

Kelli Y Allen

  • Immigration Law Lawyer
  • Charlotte, NC

A: From an immigration law standpoint, as long as you are not doing anything to earn the income, you're fine. So you can own property, invest in stocks, etc. but you can't be "working".

1 user found this answer helpful

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