Want a Green Card? Invest in Real Estate

(The New York Times) Like many of her fellow classmates at New York University, Yanchu Zhao has a busy schedule. A college junior, she has a double major in economics and journalism, and juggles classes, an internship and life with roommates in a rental near Herald Square.

But unlike many of her fellow classmates, Ms. Zhao came to the United States on a student visa. “A lot of students talked about how hard it was to get a job in New York and in the United States,” she said. “My parents heard that if I can get a green card, it would be easier for me to succeed.”

So two years ago, Ms. Zhao’s parents invested $500,000 in a hotel project on Bryant Park, knowing that their investment could be parlayed into green cards for the family. Three months ago, their paperwork came through and the Zhaos became permanent residents of the United States.

Yi Lin and his wife, Molly Xi, in their new home in Manhattan. Under a federal program known as EB-5, they received green cards in exchange for their investment in a Miami real estate project. Credit Sam Hodgson for The New York Times
Source: http://www.nytimes.com/2015/05/17/realesta...