fatbrit

Misunderstandings seem to be the order of the day in this thread.

Ray

Itsaall sorted the OP ..the OP has another wild idea ....

kjmcass100

I have been pursuing many different options. My background is in property and so I am looking into various options as a route to living in America for a few years. I have had job opportunities but also business. Hence the e2 and e3 visa questions. Thanks for all your help.

privateinvestigator

Apart from being a Private Investigator, i am also a Licensed Real Estate Appraiser in Tennessee. Let me know where those cabins are, i would hate for you to be buying a cabin if its not a good investment. There are some parts of Tennessee where Rental cabins are a BAD investment. I will check it out for free, let me know.


Dean

Ray

You missed that Boat ...

barnoonan

Why does everyone keep saying the E2 visa is so terrible?

I have a business that I really want to buy in CA. It is a gym and is absolutely prefect for my partner and I. It doesn't make a lot of money but we believe it can be made to do so. It currently employs several US citizens and will continue to do so and grow. It is not expensive though so doesn't qualify for the E5 visa even if I did have $500,000 to spend.

What else can I do?

Ray

You go for it if you think its for you
gyms do fold quite regularly in my area ..not in CA though

As long as you accept the limitation of the E-2 and understand them
go for it ...

barnoonan

Ray I put another question on a different thread but you appear to be pretty knowledgeable in these matters so....

The problem with my business

- it is too cheap ($50,000) I was excited by this at first but now it seems an issue
- it is breakeven only. The current owners and I know there is massive potential but they have other jobs and just don't have the time required. i do and would turn this around. I am seriously staking my future on it!
- I intend to invest a lot in developing it. Can't I factor this into the investment amount?

- BIG problem - I am from the UK (born and bred) but live in the Middle east for work. Apparently I have to actually be residing in the UK. How closely do they check this? I mean I have an address in UK and a bank account so no way of really knowing that I am not residing there.

Ray

This is were the lawyer will work on a good business plan for you

Read the FAQ here
http://www.investorvisausa.com/index.html
Whats to stop you applying out there ??

kjmcass100

Hi, just another question...if the cost of a business is $800,000 and me and my business partner put up $300 / $400,000 between us and finance the rest will that be sufficient to get an e2 visa?

Thanks!

Kevin

Ray

You can usually get away with 25% with a business costing up to $500K
and maybe 50% for something over the Mill$

For $800k I would suggest 35% could be a nearer acceptable mark ..

Getting a loan could be very hard at the moment anywhere though..

kjmcass100

Thanks Ray! Finance will defently be hard to get however the seller is willing to part finance the business. We will crunch the figures and see what happens. By the way what's your background as you have such a vast knowledge of the visa system?

Ray

Owner financing can alway be be a great help

but do get with a lawyer before you go too far .. they can add spin ..

Me ... ex Tesco car park attendant ...

kjmcass100

Ray you never cease to give me a laugh! Thanks

jbharding

Marry an American lady. My foreign-born wife married me - an American citizen. Now we are both citizens, and no longer have to live in America!