I want to buy home and i plan to be in USA for 4 -5 years on H1b VISA with mortgage I am just worried that if i have to leave USA for any reason to my home country then what happens to this property. Is this a good choice considering, for now employer has not promised anything on green card application.
1) Upon leaving from USA, Can i keep this as an investment and get it management by some property on a contract
2) Do i have to sell it before leaving the country
3) Would i be allowed to earn rental from this home in USA.
You are allowed to own property. Given that you may become a non-resident in the future, you might want to arrange for some other vehicle than "just you" to own it - estate tax for non-residents can be punitive.
Yes, you may purchase a home in the US while working on an H-1B. Similarly, the answers to all your other questions are also positive. You may keep the home, rent it out, hire a mgmt company during your absence, or sell it.
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Yes you can but when you fill out the paperwork, take pain to make sure you do not check the USC box anywhere.
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