Accredited Investor question

[Wei Jie Yang]

Hi guys, 

Question about getting accredited investor status. If my current primary is worth over $1 million free and clear, and I buy another house that I will use as my primary going foward, does that mean my current primary, would be considered as part of my net worth, since it would not longer serve as my primary and I would be counted as an accredited investor? Are there any downsides to doing this? Are there any restrictions?

[Amy Wan]

Lots of facts needed here. And depending on whether you're investing in a 506b or 506c deal, it'll likely come down to the reviewer's discretion for a 506c deal.