As recently pointed out on my favorite Value Investing discussion forum, the definition of an “Accredited Investor” in the US has been amended to exclude the value of one’s primary residence. That means you would need a $1 million net worth of assets outside the value of your home or meet one of the other criteria:
- $200K annual income
- $300K joint income with spouse
- $5M trust/corporation/partnership
All that real estate froth made “accredited investors” out of a lot of people for awhile there, and then that was over. Now it’s official.