Pete Schnepp and a co-speaker explain that Woody Creek Condos is a Rule 506(c) investment limited to accredited investors. You qualify if you have $1 million net worth (excluding your home), earned $200,000 individually or $300,000 as a household for two consecutive years, or hold certain securities licenses. Non-accredited investors can listen for information only.
Questions this video answers
A Rule 506(c) real-estate investment offering.
Only accredited investors (per 506(c)).
$1,000,000 of net worth excluding primary residence.
$200,000 per year for two consecutive years.
$300,000 per year for two consecutive years.
Chapters
So, quick disclaimer. This is a real estate investment and it is a 506C offering, meaning that we can only allow accredited investors. Now with any investment. It is just that it is an investment, there is risk involved and there is no way that we can predict the future. Okay, so we do everything. All the numbers that we're going to talk about here, it's all based off of our experience and what we feel are conservative projections. But we can't predict the future. Every investment is a risk. In terms of the accredited investor life, can you help? For those people that don't understand what that term means, can you help us inform them?
Yeah, absolutely. In general, an accredited investor is either an individual or business that has a financial means and sophistication to make investments that are not available to the general public. And typically, there's a few ways that you can qualify to do so. First of which is to have a million dollars worth of net worth outside of your primary residence. If it's just an individual income, you could have 200,000 PER. But I have to have it for two years in a row. If it's a household income combined, it would be 300,000 also for two years in a row. And then there's a few other ways where if you have certain certifications, like a series 7 or 65, 82, a few others, then you could qualify that way as well.
All right, so if you are not an accredited investor, you're still welcome to listen. And you never know, maybe you can participate in one of our future deals.
