... in response to I have and income question also, posted by Jose on Feb 28, 2002About the paid in cash and under reporting your income,don't expect any help out of one branch of the government if you tell them you are defrauding another branch of the government.Actually the story doesn't work any better with mortgage companies either.They take the net income from your last 2 years tax returns and divide it by 24 and that is your monthly salary for qualifying for a home loan.It takes alot more money to buy a house than sponsor an immigrant and as a realtor I have seen this story many times.
The other issue with the money needed to sponsor an immigrant,some people sponsor several,and the income gets divided by persons sponsored,so even a good salary could not be enough.
As to how much net worth they will accept in liew of income I don't know.Someone mentined a co sponsor and that may be the way.Actually its hard to believe that anybody who can afford what this really costs can't show the income.
You will need several times the minimum income to live reasonably well here.
Pete