Replies to post #46065 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Renavatio]

In today's world, having a "Net Worth" of $1M is not very difficult. I sell to tons of California RE investors who make less than $100k a year (not rich by CA standards) but have enough equity in their Primary Residence and rental properties to qualify for the $1M net worth. Of course they are now discovering that as much as Real Estate can appreciate in value, it can also decrease in value, but that's besides the point...point is, they don't have deep wallets but would qualify as an accredited investor for a private placement.