Hi highfive,
But according to 188.246 (2), the funds used to make the designed investment were unencumbered and accumulated from eligible investment activities of the applicant. How to interpret "accumulated"? My interpretation on "accumulated" means making profit.
Did the officers ask you for proof on this point? Many thanks.
I think for many people a large chunk of the "profit" would be from real estate holdings that increase in value significantly over the years, or at least that's the case for us. We did also provide the majority of our $1.5mil funding through re-mortgaging one of our properties so that satisfied the requirement. You do need to provide a funding plan at the final stage which the case official needs to approve, i.e. your source of funds must satisfy their requirements. I believe "accumulated" could also apply to salaries you have earned and saved besides the investment or business profits.