 |
 |
 |
Washington woman’s eBay sale eligible for EB-5 investment
A property owner in Wauconda, Washington, has put her house, gas station, store and restaurant up for sale and invited foreign investors and entrepreneurs to take advantage of an expedited route to U.S. residency through the EB-5 visa program.
The house, businesses and several other buildings, which are currently owned by Daphne Fletcher, lie on four acres of land in northern Washington state, the Grand Forks Gazette reports.
Since the recession left her unable to maintain the property she brought three years ago, Fletcher put the estate on eBay for $1.1 million, though her asking price has been reduced to $495,000.
“It’s just a little too much for little old me,” Fletcher told the news source. “You need a big family or someone with business experience.”
Because the property is so close to the Canadian border, Fletcher has advertised that the purchase would qualify as an EB-5 investment.
“That means if it is purchased for $500,000 or more and the buyer hires 10 employees, they qualify for a green card in two years,” she explained.
Of course, any foreign national who meets those requirements is eligible for EB-5 visa status – not just residents of Canada.