estimating someone's net worth based on their primary home value?
Hi guys, I know this is the CRE board, but posting this here because I figure there are a lot more professional real estate operators/investors here who could help me out.

I manage public market investments for an ultra-high net worth family in a major Texas city - they are helping me build a track record with their capital before seeding me to go out and run a hedge fund of my own. I'm 28 years old, so there are a lot of difficulties related to getting people to trust me. The one thing I have going for me is that I worked for a very well-known finance billionaire at an early age, so I have tried to leverage that to get meetings with potential investors (mostly tend to be business owners or corporate executives). And they all need money managers, especially since most of them are not doing public markets investing as their primary career. However, it's still extremely tough, so I have taken a few creative routes so far to get where I am today...(see below)

One way of getting in front of these UNHW-type people I have found is targeting people who live in very expensive homes (lol). For example, this family I work for now, I found them because there is free online access to property tax records in my city, and the family patriarch lives in a $25 million estate. If you own a $25 million house, you very likely have $25 million laying around to potentially give someone to invest in the stock market (and generally have a net worth well in excess of $500 million).

But I am also trying to find people who live in smaller houses (say $3 million to $5 million) who are less known in the media but could still be very wealthy, but the tough part is, I have no idea how to estimate their net worth. Some of them, their house might be a big part of their net worth. For others, who are more frugal, a $5 million house is probably just what they want without going too crazy (like having a $25 million estate lol).

Any ideas on how to estimate some of these people's net worths based on their primary residence value? Ideally, I'd like to target future investors who could invest $3 to $5 million with me. 
[{"id": "e9wbebd", "text": "First off this seems super inefficient.  Why don\u2019t you just speak with some law firms or bankers and network through them?  They should be able to refer you to clients that may have an interest or angel investing groups or real estate partnerships where everyone already needs to be an accredited investor.  Second, a lot of HNW ppl probably own their homes through trusts for anonymity...which likely helps so that ppl don\u2019t show up at their house asking them if they want to invest in shit.", "replies": [], "depth": 1}, {"id": "e9wh2zk", "text": "I work in CRE private lending and we check the PNW of all our borrowers. I would say it's almost impossible to estimate a net worth based on just the value of their primary residence. For example, some of my clients live in a $1 million house (nothing fancy in my city) but have a net worth of over $50 million. Others have a $5 million house, and a $100 million net worth tied up in real estate with almost no liquidity.\n\nI see a lot of \"sleeper millionaires\" who live in modest houses, drive modest cars, and have a very high net worth.", "replies": [{"id": "e9xf78i", "text": "&gt;Others have a $5 million house, and a $100 million net worth tied up in real estate with almost no liquidity.\n\nThis is like the family I work for. $800 million net worth, probably less than $50 million liquidity.", "replies": [], "depth": 2}], "depth": 1}, {"id": "e9wibg6", "text": "Value of a home in relation to net worth only works for flashy wealthy types.   \n  \nThe vast majority of HNW individuals probably don't live in HNW homes.   \n  \nOnce you a really wealthy, you have no need to show off to anyone.   \n\n", "replies": [{"id": "e9xf9z9", "text": "&gt;The vast majority of HNW individuals probably don't live in HNW homes.\n\n&amp;#x200B;\n\nI would disagree. I am specifically targeting people who would have $5 million to invest liquid, which usually means a net worth of over $50 million easily.\n\nNow if you mean someone with a $10 million net worth, sure, they don't live in flashy homes. But that's also because their income likely isn't high enough to service a flashy home.\n\nIn my experience, it's a myth that people with net worths over $100 million live in very modest homes.", "replies": [{"id": "e9xh283", "text": "&gt; In my experience, it's a myth that people with net worths over $100 million live in very modest homes.  \n  \nI agree, at that wealth level.  \n  \nI also consider those with $10 million net worth [as HNW](https://www.investopedia.com/terms/h/hnwi.asp) which is typically more than $1 million in investable assets.  \n  ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "e9yjg4c", "text": "Too much variance in the percentage of someone's NW in a (primary) residence. I would recommend expanding your rolodex and finding high nw individuals by networking. Join a country club-- if you can't afford it meet a member and show up anyway. Don't have lunch alone. Meet people as much as possible, looking up home values in an attempt to reliably calculate someone's net worth is a waste of time, Imo.", "replies": [], "depth": 1}]