US Investor Green Card : Business Ideas ?


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goldeneye   
Member since: Mar 05
Posts: 454
Location: London, ON

Post ID: #PID Posted on: 28-10-20 19:28:08

A couple of points i want to add to this extensive 'charcha'.

I want to share because a relative tried and suffered a lot.

500k or 1 mil is US, need to be unencumbered. We cannot take a loan or home equity loan here in canada and show that money. Also with exchange rate the 500k US = 650 CAD or 1 mil US = 1.75 Mil Cad.

If we had 1.75 mil here, it is much more worthy.

My relative went to southern part , florida i think , took all his savings and then had to pay himself and house his family and pay for the gas station employees.

Here is the problem. Most or all gas station attendants are illegal desis or illegal mexican or pakistan etc. They work for 10 dollar / hr cash.

He could not find a citizen to work a min wage.
He tried to payroll to a citizen to show he employed, ending up paying two times.

Then the low wage area, in a poverty county , the business was also suffering.
He sold and came back to canada.

Not all will be like this but this angle must be considered.

This green card method is best for ultra wealthy from middle east, china, india who have tens of crores of money.


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Non illigitamus carborundum


Wobbzy   
Member since: Oct 20
Posts: 3
Location:

Post ID: #PID Posted on: 25-11-20 00:56:52

I think it's a good idea to start a tenancy business these days. Property is in demand and always will be so it's never late to invest in it and to start such a business. If you hesitate then visit this website and get a consultation with property specialists.




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