Really what follows after this round is the need, depending on what Reg D rule applies, to identify and document the correct investor, accredited or non-accredited.

Consequently, I believe that for me, it would be a form of lying if I were to claim that I had "a degee" in anything whatsoever, as I have not obtained one by legitimate methods from an accredited university or college.I find your highly developed sense of humor amusing.

Their biggest concern is mom and pop's money who are no accredited investors and can't stand to lose.

I'll hustle on making the accredited investor mark so I can partake. ; )

@David C.The way I see it is this—Whoever created this bill think they are protecting non-accredited investors by NOT allowing them to participate those deals if they don’t have enough net worth to lose.Also, they assume that accredited investors who qualify as such based on their net worth, they must be at least financially sophisticated to make the educated investment.

He calls back and cancels on that to saying he has to setup some home schooling thing for his kids.

But if you advertise under that new exception you are limited to only accredited investors.

Currently, Title II for accredited investors offers the best opportunities for crowdfunding.

Where if you raise the deal locally likely working with accredited investors and sophisticated it will be more the traditional syndication model.

I am not intimate with pooling money for real estate investment {yet}, but from what I have learned, it appears little different than how you would be governed when raising equity for any other business venture {which I have been through}: if you are making a small pool, you can use accredited investors; if you need/want to go larger or include Joe & Jane Public, its syndication and requires a prospectus to be filed in each jurisdiction.