Buying real estate while H1B, change of status?

Asked by Stefan, Goleta, CA Wed Dec 31, 2008

I am wondering what happens if I buy some kind of real estate (let's say a house) while I am on H1B but evetually I lose that status? Thanks!

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Scott Cary, Agent, Modesto, CA
Sun Feb 24, 2013
Correct, Jacqueline is dead on! It's not all bad, as many of my Canadian friend enjoy Canada also...and their health care system. So to buy now and be able to stay in the states for 6 months out if the year is the 'worst case scenario'!

One of my sales went to three Canadian families, as they ALL use it as their personal time share and it makes buying a home in Santa Barbara very affordable.

Best of travels,

Scott Cary
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Eric Funk, Agent, Morristown, NJ
Wed Dec 31, 2008
Hi Stefan,
We bought a house when we had an H1B visa. Eventually we got Green Cards and now we have Citizenship. If you don't get the green cards and you lose H1B then you lose the right to be in the country. You can keep the house - it can be a vacation home or investment - but the official line would be that you wouldn't be entitled to stay in the country without some kind of visa or resident alien status.
Hope this helps,
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