Sponsorship with assets

[Aaza 6]

Hey Guys

Just starting the process for the CR1/IR1 Visa. This website has been a great help. I think we have more or less figured out the USCIS I-130 process. However we are having an issue with the I-864(the AOS) and want to make sure we have the correct information before proceeding any further. There seem to be a lot of threads for the I-864 but we haven’t been able to find something relevant to our case.

The USC in our case is living abroad and not working. Hence we need a joint sponsor. We have managed to find someone who is willing to be the joint sponsor. However the person is not currently working but has some investments in real estate. We are still trying to clarify the matter with the joint sponsor but our current understanding is as follows. The Joint sponsor owns the real estate asset through a company where he is the only owner. The company has no other business besides buying and selling real estate. The property the joint sponsor owns is worth 5x the poverty threshold. Would the tax assessment of the property be sufficient along with the proof of ownership of the company?

The property is currently listed for sale for 15X the property threshold however my understanding is that the tax assessment is generally lower than this value. Secondly if the tax assessment is less than the required threshold can we submit a property evaluation instead to prove the value of the asset.

[Thesmiths2016 117]

Hey Guys

Just starting the process for the CR1/IR1 Visa. This website has been a great help. I think we have more or less figured out the USCIS I-130 process. However we are having an issue with the I-864(the AOS) and want to make sure we have the correct information before proceeding any further. There seem to be a lot of threads for the I-864 but we havent been able to find something relevant to our case.

The USC in our case is living abroad and not working. Hence we need a joint sponsor. We have managed to find someone who is willing to be the joint sponsor. However the person is not currently working but has some investments in real estate. We are still trying to clarify the matter with the joint sponsor but our current understanding is as follows. The Joint sponsor owns the real estate asset through a company where he is the only owner. The company has no other business besides buying and selling real estate. The property the joint sponsor owns is worth 5x the poverty threshold. Would the tax assessment of the property be sufficient along with the proof of ownership of the company?

The property is currently listed for sale for 15X the property threshold however my understanding is that the tax assessment is generally lower than this value. Secondly if the tax assessment is less than the required threshold can we submit a property evaluation instead to prove the value of the asset.

Bear in mind the assets you list need to be able to be made liquid within 12 months if needed, without causing hardship on the sponsor. So if it's a house someone is living in it might not be accepted. I've seen reports of people being turned away to find a new sponsor based on this .

We are filing from abroad in the same situation as you and are doing our "assets" based on savings account funds.

[NigeriaorBust 4,087]

Asset only sponsorship is rare , real property would need current appraisals.

[jan22 2,923]

As they are company-held assets, it is unlikely that they would be acceptable; depends on the structure of the company. Companies are normally set-up to ensure that personal debts or obligations (like the I-864) do not become company debts, i.e., the government could not go after the company resources of an I-864 sponsor, even if he is the only owner of the company.

[Aaza 6]

Thanks for the information guys. It seems like it would be smart to get another co-sponsor as we checked our local embassy information and they seems to prefer income to assets. So even if we get past the NVC stage we should have a co-sponsor lined up.

We have talked to a couple of people in regarding this and they have some questions.

Firstly someone mentioned that if you sponsor someone they can’t sponsor someone else for 10 years? Is this the case? Our understanding was that if the person has sufficient income above the poverty guidelines they can sponsor as many people as they want. Is there a guidelines or legal document that clarifies this

Secondly if the person is sponsoring someone does the beneficiary get added to the household size for any subsequent sponsorship?

Finally are there any tax implications for the sponsor. Do they have to keep mentioning that they sponsored someone on their tax returns etc? If the beneficiary doesn’t take any means tested benefits can they basically ignore the i-864 .

[NigeriaorBust 4,087]

If you have previously sponsored someone that you are still responsible for your household size increases by that person ( or people if you sponsored more than one )

[mallafri76 1,012]

Our I-864 was based solely on assets. Whether it's accepted or not depends on the type of asset and the embassy you're going through.

If your joint sponsor is already sponsoring an immigrant, that person also need to be added to the I-864 when calculating the poverty guidelines.

Technically, the joint sponsor is financially responsible for the person they sponsor. Whether or not the beneficiary can sue for financial support is another story.