Thoughts on using series 7 to qualify as an accredited investor?

[Joseph Coleman]

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? 

https://www.finra.org/registra...

[Jim Pfeifer]

I am not an expert here, but my understanding is that the Series 7 requires you to be sponsored by a member firm - so you would basically need to be a financial advisory working with an advising firm.  The Series 65 does not have that requirement - anyone can take it.  That, and it is a much easier test to pass than the 7.  Both will get you accredited but the Series 65 might be the way to go for anyone who is not looking to work for a financial advising firm.