If you do not meet the income requirement for your particular immigration application, you may be able to use assets. For marriage-based immigration, you can use up to ⅓ of the assets towards the income requirements.
For example, if your income requirement is $50,000, and you have no income, but have at least $150,000 in cash sitting in a bank account, you may be able to use that cash in lieu of income.
This question is asking what types of assets are the best. This is a good question because not all assets are created equal.
As a rule of thumb, the best assets are liquid (meaning they can be converted to cash quickly), are based inside the United States (where the government can come after them if needed), and have a reliable third-party appraisal.
For this reason, the best assets are things like cash, stocks, bonds, retirement accounts, and life insurance. Real estate and other illiquid assets may be used as well, but you will want to realize that they will go off of an appraisal, and any money borrowed against it will come off of the top. So if you have a $200,000 mortgage on your $250,000 house, you would only be able to claim $50,000 on that asset.
Also keep in mind that things like cash must be deposited into a bank account, not sitting in a shoe box at home. There must be third-party verification of the assets, and the government must be able to come after the assets if your beneficiary ever goes on public benefits.
Some of the more unique assets we’ve seen people use are: a herd of cattle, solid gold bars, and hundreds of horses. Getting a verified appraisal is more difficult to come by, but not impossible.
If you need help with this, be sure to hire us, because we will work with you to make sure you have the best chance for approval for one flat fee.