Problems at Amlife EB5 Investor
Oct 17th 2013, 3:54 am
#211
Forum Regular
Joined: Sep 2012
Posts: 30
Re: Problems at Amlife EB5 Investor
Definitely you represent AM Life.
Oct 17th 2013, 12:11 pm
#212
Account Closed
Joined: Aug 2002
Location: Kentucky
Posts: 38,865
Re: Problems at Amlife EB5 Investor
Oct 18th 2013, 12:17 am
#214
Just Joined
Joined: Sep 2013
Posts: 15
Re: Problems at Amlife EB5 Investor
Two words: unrealistic expectation!
Oct 18th 2013, 12:57 am
#215
BE Enthusiast
Joined: Nov 2007
Posts: 906
Re: Problems at Amlife EB5 Investor
Thats says more about your characters then mine. Other readers can judge for themselves.
Last edited by cranston; Oct 18th 2013 at 1:00 am.
Oct 23rd 2013, 7:03 am
#216
Forum Regular
Joined: Sep 2012
Posts: 30
Re: Problems at Amlife EB5 Investor
Anybody here who has invested in amlife project- 14575 innovation drive lp?
Oct 26th 2013, 8:21 am
#217
Just Joined
Joined: Oct 2013
Location: NYC
Posts: 1
Tenant Occupancy Issue? Re: Problems at Amlife EB5 Investor
Hi Amlife Thread.
Are the I-829 issues with Amlife because of the USCIS' new policy with Tenant Occupancy?
Please refer to the USCIS website for a copy of the memo on this issue dated May 8 2012.
May 8, 2012
Operational Guidance
SUBJECT: Guidance on EB-5 Adjudications Involving the Tenant-Occupancy
Methodology
Here is the link: http://www.uscis.gov/USCIS/Laws/Memo...2012%20pdf.pdf
See also
December 20 2012 GM-602-0001
Guidance Memorandum
SUBJECT: Operational Guidance for EB-5 Cases Involving Tenant-Occupancy
The link: http://www.uscis.gov/USCIS/Laws/Memo...pancy%20GM.pdf
The USCIS also published a Training Manual for the Tenant Occupancy Issue dated October 30 2012.
Here is the link: http://iiusablog.org/wp-content/uplo...e-06-14-13.pdf
With respect to USCIS interpretation changes, see the seminal case
Chang v US (9th Circuit Court of Appeals, April 29 2003) 327 F.3d 911
Here is the link: https://law.resource.org/pub/us/case....01-56266.html
Note the timing of when the USCIS changes its interpretation of the statute and regs.
Having looked at a lot of Regional Center projects, my clients decided to go the Direct EB-5 route.
I suggest that you carefully read your PPM to understand how your RC investment will play out if you are denied approval of your I-829.
I have been looking at the EB-5 Program in-depth and its players. Based on personal experience with several players, I would caution everyone to not assume that everyone is acting in your best interest. Are people aware that "Administrative Fees" are in the $20K - $100K range and seem to be paid to "finders". You may want to see who are acting as "finders". I understand that people have to be compensated for their efforts, but a good number of players are not necessarily putting the Immigrant Investor first. I would suggest that you (in writing, to preserve for future reference) ask any third parties that are "helping" you, if they are receiving any compensation or fees or service arrangements with respect to the EB-5 program and have them detail what the nature and amount of these items.
I'm a corporate attorney focused on advising institutional investors. The alternative investments world is pretty challenging but EB-5 takes things to a new level. Because most immigration lawyers and smaller property developers and other EB-5 project developers don't have much or any prior experience with US securities laws and some of the very nasty consequences for bad actors, a lot of questionable practices have occurred in the past. From my personal experience with the EB-5 world, there seems to be quite a few conflicts of interest in this space. Ask probing questions and insist on detailed responses, preferably in writing. You also may want to check out the EB-5 Investor Alert published by the SEC (US Securities and Exchange Commission) and USCIS. Also check out the SEC's suggested areas for due diligence for EB-5 Immigrant Investors.
Good luck!
Sandra
Are the I-829 issues with Amlife because of the USCIS' new policy with Tenant Occupancy?
Please refer to the USCIS website for a copy of the memo on this issue dated May 8 2012.
May 8, 2012
Operational Guidance
SUBJECT: Guidance on EB-5 Adjudications Involving the Tenant-Occupancy
Methodology
Here is the link: http://www.uscis.gov/USCIS/Laws/Memo...2012%20pdf.pdf
See also
December 20 2012 GM-602-0001
Guidance Memorandum
SUBJECT: Operational Guidance for EB-5 Cases Involving Tenant-Occupancy
The link: http://www.uscis.gov/USCIS/Laws/Memo...pancy%20GM.pdf
The USCIS also published a Training Manual for the Tenant Occupancy Issue dated October 30 2012.
Here is the link: http://iiusablog.org/wp-content/uplo...e-06-14-13.pdf
With respect to USCIS interpretation changes, see the seminal case
Chang v US (9th Circuit Court of Appeals, April 29 2003) 327 F.3d 911
Here is the link: https://law.resource.org/pub/us/case....01-56266.html
Note the timing of when the USCIS changes its interpretation of the statute and regs.
Having looked at a lot of Regional Center projects, my clients decided to go the Direct EB-5 route.
I suggest that you carefully read your PPM to understand how your RC investment will play out if you are denied approval of your I-829.
I have been looking at the EB-5 Program in-depth and its players. Based on personal experience with several players, I would caution everyone to not assume that everyone is acting in your best interest. Are people aware that "Administrative Fees" are in the $20K - $100K range and seem to be paid to "finders". You may want to see who are acting as "finders". I understand that people have to be compensated for their efforts, but a good number of players are not necessarily putting the Immigrant Investor first. I would suggest that you (in writing, to preserve for future reference) ask any third parties that are "helping" you, if they are receiving any compensation or fees or service arrangements with respect to the EB-5 program and have them detail what the nature and amount of these items.
I'm a corporate attorney focused on advising institutional investors. The alternative investments world is pretty challenging but EB-5 takes things to a new level. Because most immigration lawyers and smaller property developers and other EB-5 project developers don't have much or any prior experience with US securities laws and some of the very nasty consequences for bad actors, a lot of questionable practices have occurred in the past. From my personal experience with the EB-5 world, there seems to be quite a few conflicts of interest in this space. Ask probing questions and insist on detailed responses, preferably in writing. You also may want to check out the EB-5 Investor Alert published by the SEC (US Securities and Exchange Commission) and USCIS. Also check out the SEC's suggested areas for due diligence for EB-5 Immigrant Investors.
Good luck!
Sandra
Nov 11th 2013, 7:19 pm
#218
Forum Regular
Joined: Sep 2013
Posts: 76
Re: Problems at Amlife EB5 Investor
I do recommend Amlife. When I was researching EB5 RC Amlife were the only company who had a reasonable plan, decent management, decent references, industry knowledge and experience, allowed me to speak to other investors and answered my questions fully and quickly. I checked out about 20 firms.
Nov 12th 2013, 4:59 pm
#219
Forum Regular
Joined: Mar 2013
Posts: 35
Re: Tenant Occupancy Issue? Re: Problems at Amlife EB5 Investor
Hi Amlife Thread.
Are the I-829 issues with Amlife because of the USCIS' new policy with Tenant Occupancy?
Please refer to the USCIS website for a copy of the memo on this issue dated May 8 2012.
May 8, 2012
Operational Guidance
SUBJECT: Guidance on EB-5 Adjudications Involving the Tenant-Occupancy
Methodology
Here is the link: http://www.uscis.gov/USCIS/Laws/Memo...2012%20pdf.pdf
See also
December 20 2012 GM-602-0001
Guidance Memorandum
SUBJECT: Operational Guidance for EB-5 Cases Involving Tenant-Occupancy
The link: http://www.uscis.gov/USCIS/Laws/Memo...pancy%20GM.pdf
The USCIS also published a Training Manual for the Tenant Occupancy Issue dated October 30 2012.
Here is the link: http://iiusablog.org/wp-content/uplo...e-06-14-13.pdf
With respect to USCIS interpretation changes, see the seminal case
Chang v US (9th Circuit Court of Appeals, April 29 2003) 327 F.3d 911
Here is the link: https://law.resource.org/pub/us/case....01-56266.html
Note the timing of when the USCIS changes its interpretation of the statute and regs.
Having looked at a lot of Regional Center projects, my clients decided to go the Direct EB-5 route.
I suggest that you carefully read your PPM to understand how your RC investment will play out if you are denied approval of your I-829.
I have been looking at the EB-5 Program in-depth and its players. Based on personal experience with several players, I would caution everyone to not assume that everyone is acting in your best interest. Are people aware that "Administrative Fees" are in the $20K - $100K range and seem to be paid to "finders". You may want to see who are acting as "finders". I understand that people have to be compensated for their efforts, but a good number of players are not necessarily putting the Immigrant Investor first. I would suggest that you (in writing, to preserve for future reference) ask any third parties that are "helping" you, if they are receiving any compensation or fees or service arrangements with respect to the EB-5 program and have them detail what the nature and amount of these items.
I'm a corporate attorney focused on advising institutional investors. The alternative investments world is pretty challenging but EB-5 takes things to a new level. Because most immigration lawyers and smaller property developers and other EB-5 project developers don't have much or any prior experience with US securities laws and some of the very nasty consequences for bad actors, a lot of questionable practices have occurred in the past. From my personal experience with the EB-5 world, there seems to be quite a few conflicts of interest in this space. Ask probing questions and insist on detailed responses, preferably in writing. You also may want to check out the EB-5 Investor Alert published by the SEC (US Securities and Exchange Commission) and USCIS. Also check out the SEC's suggested areas for due diligence for EB-5 Immigrant Investors.
Good luck!
Sandra
Are the I-829 issues with Amlife because of the USCIS' new policy with Tenant Occupancy?
Please refer to the USCIS website for a copy of the memo on this issue dated May 8 2012.
May 8, 2012
Operational Guidance
SUBJECT: Guidance on EB-5 Adjudications Involving the Tenant-Occupancy
Methodology
Here is the link: http://www.uscis.gov/USCIS/Laws/Memo...2012%20pdf.pdf
See also
December 20 2012 GM-602-0001
Guidance Memorandum
SUBJECT: Operational Guidance for EB-5 Cases Involving Tenant-Occupancy
The link: http://www.uscis.gov/USCIS/Laws/Memo...pancy%20GM.pdf
The USCIS also published a Training Manual for the Tenant Occupancy Issue dated October 30 2012.
Here is the link: http://iiusablog.org/wp-content/uplo...e-06-14-13.pdf
With respect to USCIS interpretation changes, see the seminal case
Chang v US (9th Circuit Court of Appeals, April 29 2003) 327 F.3d 911
Here is the link: https://law.resource.org/pub/us/case....01-56266.html
Note the timing of when the USCIS changes its interpretation of the statute and regs.
Having looked at a lot of Regional Center projects, my clients decided to go the Direct EB-5 route.
I suggest that you carefully read your PPM to understand how your RC investment will play out if you are denied approval of your I-829.
I have been looking at the EB-5 Program in-depth and its players. Based on personal experience with several players, I would caution everyone to not assume that everyone is acting in your best interest. Are people aware that "Administrative Fees" are in the $20K - $100K range and seem to be paid to "finders". You may want to see who are acting as "finders". I understand that people have to be compensated for their efforts, but a good number of players are not necessarily putting the Immigrant Investor first. I would suggest that you (in writing, to preserve for future reference) ask any third parties that are "helping" you, if they are receiving any compensation or fees or service arrangements with respect to the EB-5 program and have them detail what the nature and amount of these items.
I'm a corporate attorney focused on advising institutional investors. The alternative investments world is pretty challenging but EB-5 takes things to a new level. Because most immigration lawyers and smaller property developers and other EB-5 project developers don't have much or any prior experience with US securities laws and some of the very nasty consequences for bad actors, a lot of questionable practices have occurred in the past. From my personal experience with the EB-5 world, there seems to be quite a few conflicts of interest in this space. Ask probing questions and insist on detailed responses, preferably in writing. You also may want to check out the EB-5 Investor Alert published by the SEC (US Securities and Exchange Commission) and USCIS. Also check out the SEC's suggested areas for due diligence for EB-5 Immigrant Investors.
Good luck!
Sandra
Nov 20th 2013, 7:45 am
#222
Just Joined
Joined: Sep 2012
Posts: 17
Re: Problems at Amlife EB5 Investor
Anyone , response to me.
Is there any person who petitioned the approved project of EB5?
When you had petitioned to approved project , how months has it take?
Is there any person who petitioned the approved project of EB5?
When you had petitioned to approved project , how months has it take?
Nov 20th 2013, 9:12 am
#223
Forum Regular
Joined: Sep 2013
Posts: 76
Re: Problems at Amlife EB5 Investor
I'm sorry, but to be frank, by the way you framed your question I don't think you know the first thing about EB5... you really need to educate yourself further on the subject before asking questions. As someone once said, "it's more important to know the question than to know the answer"...
Here are some pointers:
- Wikipedia article: good introduction, not very detailed.
- USCIS page: the official word on the subject, straight from the horse's mouth. Read it all and its sub-pages... in regard to your question, this one is specially important (there you will see it's a somewhat complicated process, with many petitions and whatnot involved).
Then come back here and ask better questions...
Thank you very much!
Nov 20th 2013, 9:30 am
#225
Forum Regular
Joined: Sep 2013
Posts: 76
Re: Tenant Occupancy Issue? Re: Problems at Amlife EB5 Investor
Don't know about hellokittynyc, but to me it certainly doesn't seem to be so; risky, yes, even *very* risky depending on what project/RC you choose, but far from hopeless.
A *lot*. USCIS publishes a list here, but IMO these numbers are mostly worthless as they are binned by *approval/denial* date, not by *submission* date nor by RC and/or project.
Considering only the time frame: the amount of time that USCIS takes to adjudicate those petitions is *highly* variable (from a few months to a few years) depending not only on the specific project but also on the investor petition and possibly the "mood" both of USCIS at large and the individual officer who is adjucating each petition... so these numbers end up mixing apples with oranges and adding in a few bananas just for fun.
In the end you get a messy fruit salad that you can't really extract meaningful information from, like "X% of total I-NNN petitions in the year YYYY got approved/denied" or (even better) "X% of total I-NNN petitions for project P and/or regional center R got approved/denied"... again, IMO mostly worthless
A *lot*. USCIS publishes a list here, but IMO these numbers are mostly worthless as they are binned by *approval/denial* date, not by *submission* date nor by RC and/or project.
Considering only the time frame: the amount of time that USCIS takes to adjudicate those petitions is *highly* variable (from a few months to a few years) depending not only on the specific project but also on the investor petition and possibly the "mood" both of USCIS at large and the individual officer who is adjucating each petition... so these numbers end up mixing apples with oranges and adding in a few bananas just for fun.
In the end you get a messy fruit salad that you can't really extract meaningful information from, like "X% of total I-NNN petitions in the year YYYY got approved/denied" or (even better) "X% of total I-NNN petitions for project P and/or regional center R got approved/denied"... again, IMO mostly worthless
Last edited by dm2b; Nov 20th 2013 at 11:05 am.