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Updated over 7 years ago,
Net worth as accredited investor whose primary residence is MFH
Hello!
I am trying to calculate my net worth to see if I am qualified as accredited investor.
Question is,
I own a duplex and live in one side and rent the other side. When calculating net worth for accredited investor status, is both units (entire building) is counted as the primary residence, OR only unit that I live in is counted as the primary residence?
I think (hope) that only unit that you live in is counted as primary residence. Because, for example, if I own 50 units apartment and live in one of unit, I don't think that the entire 50 units apartment is counted as the primary resident.
Does anyone know about this?
Thanks!