(Thanks for the other route B_P .. I will meet you and discuss)

However if small business approval were not the case , why would the minimum investment be pegged @ 500K ?

What kind of non small businesses can you open in $500K ?

I have read of a couple of people who have succeeded the cleaning services route . And then you could open a consortium of cleaning service / hair salon / auto detailing from the same company.

I know it is not easy ...but just how difficult is it .. is what I am trying to figure out...




Anyways , the point of this thread is to find out about business ideas which can survive or are needed even in a high unemployment , low growth area .

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Fido.

i'm not expert in other business so i can't say anything , My knowledge and passion is LIMITED TO Real estate along with business - i can give some advice on EB-5 ( cause i'm personally involve in it)

Yes, If you can make a plan to create enough employment surely you can get EB-5 eligibility ...

for that you need to have enough funds, knowledge and good contacts... it has to be large scale operation ...


Property with business is the best option so far we have ( at least that is what I'M IN) - USA properties are safe now - so your money is secure , having rental property you have secure income as well..

You can create enough jobs: support staff, property manager, maintenance, cleaner, accountant, secretary, security etc... Its more legit and easy operation than opening up new business


However, there are other businesses as well that can work also but YOU WILL SURELY NEED contacts, plans and backup funds

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'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)

Hmm Thanks again B_P

Rental property ... hmm what kind of a rental property and where would you find in approx USD 300K in which you can employ all of the above and still generate profit / no loss ? .. ( The business has to be new so purchasing a plaza or already on rent property won't do)

The above jobs are more than minimum wage jobs and perhaps not fully utilizable in a small rental building ....

Perhaps a Seniors Home may be such a business in which you can have property too and number of service staff at less wages too .. thereby increasing employment and securing your investment also....

But would need a deeper look by visiting some of the senior homes .


Or maybe a logistics warehouse where you can utilize labor also in moving boxes and stuff and provide logistics storage also...

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Fido.

I don't have any spectacular business ideas. In fact, I am one of those who hauled much more than 500k from US economy and parked in Canuckland so it is weird to think someone well settled here is longing for a green card. It could very well be poverty of mind that goads you there. Or the endless dreams about greener pastures.

Have you thought about pumping a mil into the good old motherland? There maybe business opportunities in India. Anybody can suggest anything but you have to explore what it is that YOU would enjoy doing.... or risking.

I used to know a certain Patel and family. The man and his wife ran a big samosa factory. Hired all kinds of minimum wage folks. But then lost everything when his daughter clandestinely dated "one of them lowlifes who lived off on minimum wage" jobs, and ran off.... because oldman Patel could not fathom how such a princess-ly daughter could lay with a lowlife!!! Anyways, he did make quite a fortune while the business lasted.

NEW ADDITION: I had to query what it would cost to get into samosa business: you can purchase an existing business (Patel sold his entire business, including all equipment and building for 250K US) or put together a new one. The factory is better situated in industrial areas (neighbors can complain about food smells). Again, based on what I know, you can establish relations with convenience stores and deliver (daily) fresh samosas for sale. You can also have a stall in a Mall or other area.... to dispense. If in Canada, farmers markets make a great spot (you also save on taxes), but not sure if the US even has such things. Mr Patel had a turnover of AT LEAST 10K a week.

What r we discussing here?
I m only discussing at EB5 category... other topic I can't comment...

U wanna discuss we can meet, just word of caution EB5 is not easy cake...

If that was too easy then USA would he been flooded with businesses...

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'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)

Quote:

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Originally posted by Fido

Hmm Thanks again B_P

Rental property ... hmm what kind of a rental property and where would you find in approx USD 300K in which you can employ all of the above and still generate profit / no loss ? .. ( The business has to be new so purchasing a plaza or already on rent property won't do)

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'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)

If you are on TN1 and laid off, technically you should leave the US, I think you could go tonthe border, get back as a visitor to wind up your apartment etc..,

Based on my research, if kids are attending public school, you need to pay the fee (set by the state) to continue school.

What if kids are attending private school ? Like challenger / stratford etc..,

I think being in H1B is helpful in this regard as it is less likey to affect kids school so long your I-94 is valid.

Any thoughts.

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The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM