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Updated over 2 years ago,
Thoughts on using series 7 to qualify as an accredited investor?
Has anyone successfully used a series 7 in order to qualify as an accredited investor to invest in RE syndications?
If so, can you share about your experience and any potential benefits or drawbacks?
I have been considering this for the following reasons:
- The cost of $245 for the test seems very reasonable given the substantial increase in returns compared to a REIT
- The risk of investing in a RE syndication as a debt investor or even equity seems very low compared to the stock market or other asset classes right now
- I would hope that studying for a series 7 would make someone a smarter investor
As a side note, how is it considered too risky for the average investor to invest in a real estate backed investment but investing in Bitcoin or Dogecoin is considered safe for the general public?