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1   bob2356   ignore (4)   2014 May 12, 1:50am   ↑ like (0)   ↓ dislike (1)   quote   flag        

Such a large article, the only thing missing is how many e5-b's there actually are in Vegas. Interesting omission.

2   corntrollio   ignore (1)   2014 May 12, 5:59am   ↑ like (0)   ↓ dislike (1)   quote   flag        

bob2356 says

the only thing missing is how many e5-b's there actually are in Vegas. Interesting omission.

Also, there are factual inaccuracies. The EB-5 program requires a standard $1 million investment. The $500K tier is only if the money goes to disadvantaged areas (urban with high unemployment, I believe 150% of national rate, or rural). Usually an EB-5 requires you to start a new business or expand an existing business (under certain metrics, e.g. creating a certain number of jobs).

Currently, however, there is a regional center provision that runs through 2015, which allows you to invest in the sort of big real estate development projects that are mentioned in the article as a limited partner. Currently, all areas covered by the Las Vegas Regional Center qualify as disadvantaged, although that's not true of every regional center.

Also, the EB-5 program requires you to live here. It was unclear from the article how much of the Chinese money was just to get it out of China, while continuing to live there, vs. moving to the US. The article conflated the two scenarios.


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