Auto, I-864

[TheJesser 0]

I have 2 automobiles that I own and have clear title to. I was going to put them on my I-864 as assets. I scanned the titles with me as the owner and am just wondering about what to do to prove the value. Just please let me know what I need to do.

[Tayri n Tudert 11]

Get your cars to an appraiser in your area. Good luck

[Anh map 2,098]

You can't use your daily driver as an asset. You will need a recent valuation done by a licensed appraiser.

[Darnell 8,478]

only 2nd (and subsequent) vehicles for assets.. echo-> get an appraisal on it from someone with a license in the state to 'give valuations' ..

[TheJesser 0]

Get your cars to an appraiser in your area. Good luck

Is pulling the info down off of NADA or Kelley Blue Book acceptable?

[Darnell 8,478]

nope. you pay for the appraisal, get an appraisal statement from the fella doing the work, and include it with the I-864 as evidence .

[Pitaya 2,576]

Independent appraisals by a licensed appraiser ... if you need to go that route!

Edited September 27, 2012 by A&B

[TheJesser 0]

Independent appraisals by a licensed appraiser ... if you need to go that route!

I am in the construction field and do not have any income to speak of for the last year... I sent in my mother as a joint sponsor and she has an average of about 200k per year... if I can save my self the expense of not having to do a lot of appraisals that would be great... is just having the joint sponsor good enough? I have alot of equity in my house as well... I would have to get an appraisal on it as well or my current year tax bill with assessment would be enough?

[Anh map 2,098]

I am in the construction field and do not have any income to speak of for the last year... I sent in my mother as a joint sponsor and she has an average of about 200k per year... if I can save my self the expense of not having to do a lot of appraisals that would be great... is just having the joint sponsor good enough? I have alot of equity in my house as well... I would have to get an appraisal on it as well or my current year tax bill with assessment would be enough?

Is mom a wage/salary earner or self employed?

[bigdog 376]

Here is the guide location for i864; http://www.uscis.gov/ilink/docView/SLB/DATAOBJECTS/I_864P.pdf Anh Map has a good point.

[TheJesser 0]

Is mom a wage/salary earner or self employed?

she is self employed... she does receive a W2 and takes a salary from her business for most of her income..

[Anh map 2,098]

she is self employed... she does receive a W2 and takes a salary from her business for most of her income..

To boil it all down, what does line 22 of her most recent (2011) 1040 tax return say is her income? If it meets the requirement, then you are good.

Often times a self employed person takes advantage of all the available deductions and shows a very small taxable income. That works well except for when it's time to get a mortgage or sponsor an immigrant.