Becoming an Accredited investor without net worth minimum
Do not currently qualify to become an accredited investor since I do not meet the net worth/income requirements, however, I want to be able to invest in deals vs. investing in REITs. Saw that by obtaining the Series 65, this would qualify me as an accredited investor. Before going down the path of studying for the Series 65... does anyone know if it is as easy as just getting the Series 65? Or do I need to be licensed by the state? I live in IL. Thanks
[{"id": "hbzq0km", "text": "You don\u2019t have to be an accredited investor to invest everywhere. It depends on the fund/syndicator. That said, even on the small deals I\u2019ve worked ($2-5m), the lowest minimum investment I\u2019ve seen was $100k. No clue what you\u2019re trying to put into deals.", "replies": [{"id": "hbzsui9", "text": "Thanks for the response. I have been running into an issue finding websites/platforms that allow non-accredited investors to invest in CRE deals. Assume most of these are privately offered and would have to leverage my network to find these deals", "replies": [{"id": "hc02b4t", "text": "100% word of mouth", "replies": [], "depth": 3}, {"id": "hc2bro4", "text": "I think Fundrise takes non-accredited investor money.", "replies": [], "depth": 3}, {"id": "hc36zsa", "text": "Look for local investors, I\u2019m not accredited and still manage to invest in local suburban projects (maybe suburb of a couple of dozen spec homes). Minimum was typically 25k - 50k.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hbztexx", "text": "Invest in a 506b deal and you don\u2019t have to be an accredited investor. Most of our projects are 506b and most of my colleagues run 506b projects as well. You just need to have a pre-existing relationship with someone on the sponsor team. We accomplish this with phone calls and meetups. Attend some local meetups and meet project sponsors.", "replies": [{"id": "hc09uz5", "text": "This - 506b is one of your only paths in. The other being a \u201csophisticated investor\u201d aka have professional experience in the field -", "replies": [{"id": "hc23i0q", "text": "Thanks both, extremely helpful!r", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hc1y2ng", "text": "What is your current net worth and income last three years? Are you close?", "replies": [], "depth": 1}]