Posted by BRS on March 18, 2002 at 06:41:57:
Thank you for providing your advice, John. I have talked to a few immigration attorneys. Two out of three, when I gave the example of buying and selling stocks, said they didn’t have a problem with rei as long as one didn’t get into the “work” aspect of doing rei as they are both assets that are being invested in. And all said I could invest in re if I were to live in it or if I were residing outside the country and did re investments in this country. Since I don’t want to do anything illegal, I also wanted to post here and see if those who are actually involved in rei had maybe experience in such a situation or had more informed opinion from exposure to such a specific case before.
What I’m trying to understand is if indeed the analogy between stock market investment and rei (that doesn’t involve “work”) holds and can be taken as a basis for action. I will still talk to other immigration lawyers, but I would very much appreciate it if you can give your opinion on this analogy as a re lawyer. I also would appreciate it if anyone else who might have had experience in such circumstances share their opinion.