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9 December 2024 | 38 replies
Can you educate me?
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9 December 2024 | 11 replies
@Maria Jeanette Educate yourself on the difference between Checkbook IRA and Custodial IRA.
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6 December 2024 | 11 replies
There are very few OGs around.3. education- I joined Jan 2024.
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12 December 2024 | 19 replies
Also, I have dealt with 6+ Chicago evictions in one building lolI have learned that if I take all these rough experiences as a badge of honor and share them like you are, each one only makes me more equipped to be a better investor.The education & experience received in 1.5 years takes some investors 10 years!
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7 December 2024 | 14 replies
In my experience, most of the online calculators are just taking an educated guess for you.
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19 December 2024 | 55 replies
As of my last update in April 2023, the definition of an accredited investor includes, but is not limited to, the following:Income: Individuals who have had an income of more than $200,000 (or $300,000 together with a spouse) for the past two years and expect the same for the current year.Net Worth: Individuals with a net worth exceeding $1 million, either alone or together with a spouse, excluding the value of the person's primary residence.Insiders: Directors, executive officers, and general partners of the company selling the securities.Professional Experience: Certain professional certifications, designations, or credentials or other credentials issued by an accredited educational institution may allow an individual to be considered accredited.Knowledgeable Employees: In the case of private funds, "knowledgeable employees" of the fund are also considered accredited investors.Institutions: Banks, partnerships, corporations, nonprofits, and trusts with assets exceeding $5 million.By imposing these criteria, Regulation D is meant to ensure that all participants in such an offering are capable of fending for themselves or sustaining the risk of loss, thus requiring less regulatory protection.Under Rule 506(c), it is not enough for an investor to simply claim accredited status.
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10 December 2024 | 13 replies
Bigger Pockets is a great place for education and networking.
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19 December 2024 | 82 replies
Quote from @Aaron Zimmerman: I would spend 3-6 months educating yourself and networking with other investors.
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9 December 2024 | 12 replies
Can anyone suggest training videos, books, or other resources that would help educate me on the topic?
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7 December 2024 | 150 replies
It's those types of deals where I would argue that higher-cost education might be justified, as it would be cheaper to spend money on the education than to screw up even a single deal.