If you answered yes to any of these questions, then you most likely qualify to invest in real estate deals that are only offered to accredited investors.
Does your gross annual income exceed $200,000 for each of the last two years?
Does the combined income for you and your spouse exceed $300,000 for each of the last two years?
Do you have a net worth over $1m (not including your primary residence) either individually or between you and your spouse?
Do you hold a series 7, 65, or 82 license in good standing?
If you answered yes to any of these questions, then you most likely qualify to invest in real estate deals that are available to sophisticated unaccredited investors.
Do you have a financial advisor?
Do you have $50,000 or more of discretionary funds to invest?
Do you currently or have you ever owned real estate?
Do you have more than $50,000 invested into stocks, bonds, or mutual funds?
If you answered yes to both of these questions, then you may qualify for the additional tax advantages offered exclusively to real estate professionals.
Do you spend more than 750 hours per year working in the real estate industry?
Do you spend more than one-half of your work related time in the real estate industry?
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