The real estate sector in USA it’s an opportunity to investment for Mexicans who seek to diversify their strategy and, in addition, obtain their permanent residence in that country, as long as their resources also support the generation of employment in the United States, the firm considered Houston EB5.
Within the framework of the presentation of the Houston EB5 on the Mexico City, Emilio Guzmán, vice president of the firm, indicated that the US EB-5 visa program, which was born in 1990, is an opportunity for Mexican investments to go to the United States, as long as they exceed $ 500,000 and it is shown that at least 10 jobs are generated.
“We are going to start selling condos in United States from Mexico ”, explained Guzmán, who added that Houston EB5 attracts between 40 and 60 million dollars a year for investments in the United States, of which 70% is owned by Mexicans.
The firm based in Houston, Texas, specializes in attracting foreign capital for investments in said region of USA. In its 10 years of life, the company has financed the construction of seven mixed-use projects and is in phase 1 of its eighth project.
“Our vision as a group is not patrimonial, that is, we do everything to sell, we build condominiums, we minimize risk because there is a bank loan So with that sale, with those resources, we pay the bank loan. It is a combination between the vision and the opportunity that exists in the market ”, highlighted Guzmán.
According to the director of Houston EB5, the firm offers a co-participation model between the company and the investor, in order to share the risk. “We are the developer, we buy the land, we hire architects, we put personal capital, we get loans from the bank … only 25% of the capital structure comes from us (and 75% from the investors)”.
According to National Association of Real Estate Brokers from USAFrom March 2020 to the same month in 2021, Mexicans invested more than 2,900 million dollars for the acquisition of real estate, mainly housing.
Guzmán explained that the return on investment occurs in a period of 4 to 5 years, while the returns on this type of investment are close to 4% per year. “Normally we see a 30% annual growth of the Mexican capital that has come with us.”
The scheme of EB-5 investor visas began in 1990, with the aim of promoting employment in USA through foreign investment. Each year, the North American government offers about 10,000 visas of this type to investors.
Guzmán pointed out that currently the minimum amount to invest is 500,000 dollars; however, this could change in the coming weeks when the US Congress decides to raise this amount, which could range from $ 750,000 to $ 900,000.
Steps to obtain a green card through the EB-5 program:
- Provide investor information.
- Deliver documents to prove the origin of the funds and submit the residence petition through an immigration attorney.
- If approved, you will have a conditional green card valid for 2 years.
- Once you have your green card for two years, it can be extended permanently, and you can also apply for US citizenship.
Source: Houston EB5
Reference-www.eleconomista.com.mx