My guess is their BBB accreditation will be revoked.

If you're an accredited investor able to meet the minimum commitment amount required by the fund, I have to imagine you have access to opportunities that are more favorable to you as an LP.

I guess they think these investors are accredited so a fee structure is a good model.

Also, I believe that in order to invest through a crowdfunding platform one will have to be accredited investor.lastly, I can give you the name of a syndicator we have been dealing with for while. 

The short version is that you must have a  Private Placement Memorandum (PPM) to show your investors and you must decide upfront if you will only accept accredited investors or if you will allow investment from non-accredited investors.  

Does anyone believe they can just call a state real estate commission and get consent to teach in an accredited real estate school.

Obviously past results are not necessarily indicative of future performance, but it seems like a great investment for accredited investors to get a low-risk, solid return in exchange for some illiquidity.

However, my impression is (1) many deals should NOT be sold to unsophisticated/un accredited/ not high net worth investors EVEN IF the law allows this, and (2) when a deal doesn’t pan out as projected the unsophisticated investors believe they’ve been “scammed”. 

I am an accredited investor, looking to invest 50k to start since it’s my first one, and predominately interested in multifamily as my only previous experience is a rental I manage on Airbnb.

Investors must first prove that they are an accredited investor, set up a “pitch” call, and only then will they receive a 16-page PDF explaining the loan program, which on page 10, shows a picture of Ron Fossum as CFO:Page 10 of email attachment “noradaloannotecasepdf”A detailed FINRA report ( Link ) provides the reason for this sleight of hand.