What is an accredited investor? So I’m just kind of reading off the SEC website here you have an annual income of at least $200,000 or $300,000 for joint income with a spouse for the last two years with the expectation of earning the same higher income in the current year, or having a net worth exceeding $1 million, either individually or jointly with your spouse.
And that value does not include your primary residence and that’s kind of funny how they add that in I’m not a big fan of owning your primary residence especially if you live in a primary market like Hawaii, San Francisco or actually all a California for that matter of Seattle.
I think it’s better to rent and invest and make 1020 30% on your money than to sink it into some property that only will appreciate 3% even though your leverage I’m not a big fan of appreciation and more cash flow based investing. If you want to learn more about that and arm yourself with information to go to your spouse who most likely will not be liking that idea go to simplepassivecashflow.com/home and but adding a little bit extra commentary on this most deals out there that are private placements and syndications.
I mean, you can go look it up on the SEC Egner website are they do take non accredited investors except you’re just not in the network of those operators and sponsors and syndicators. So those are 506 b deals and they only go out to a private network.