non-accredited investors

🚀 Democratizing Investment Opportunities Brian and I dove into how Groundfloor is revolutionizing the investment landscape. They're on a mission to level the playing field, allowing everyone to access high-quality real estate deals, not just the top 1%. Imagine being able to invest alongside the big players with as little as $100!

🏆 Forbes 50 Fintech Recognition Groundfloor's innovative approach hasn't gone unnoticed. They've been featured in Forbes as a top fintech company, a testament to their impact on the market. This is a trend that's reshaping the future of investing, and you won't want to miss out on it.

🔍 The JOBS Act and Its Impact We also touched on the pivotal role of the JOBS Act in transforming capital formation. This legislation has opened doors for non-accredited investors, making it easier to diversify portfolios without hefty capital requirements or the constraints of traditional funds.

💡 You're in Control With Groundfloor, you become your own fund manager, thanks to their user-friendly technology. Say goodbye to hefty fees and hello to a more personalized, profitable investment experience.

🏡 Solving Real Problems Invest with purpose as Groundfloor finances projects that address housing affordability and supply shortages. Your investment helps rejuvenate America's aging housing stock while offering you a chance to profit.

📱 Innovative Investing Made Simple Whether you're a seasoned investor or just starting, Groundfloor's mobile app simplifies the process, allowing for effortless diversification and management of your investments.

https://groundfloor.com/

Next Steps

• Share your thoughts with a review - https://www.thedealscout.com/reviews/
• Let's connect on LinkedIn - https://www.linkedin.com/in/joshuabrucewilson/
• Subscribe and Watch on YouTube - https://www.youtube.com/channel/UCBQN_Y3nhDGClfMxCSBDjOg

SUMMARY

In this episode of Dr. B Show, Dr. B welcomes and interviews Nic McGrue, a securities attorney and founder of Polymath Legal. They discuss the differences between accredited and non-accredited investors, as well as the exemptions and exclusions for raising capital in real estate. Nic explains the nuances of 506(b) and 506(c) offerings, highlighting the importance of understanding the rules and regulations to avoid legal issues. He emphasizes the need for a strong power team, including an attorney and CPA, to ensure compliance and protect investors. Nic also advises new real estate investors to get educated, find a mentor, and take action to get started in the industry.

KEY TAKEAWAYS

• Accredited investors have high income or net worth, while sophisticated investors possess the resources and knowledge to evaluate investment opportunities.
• 506(b) allows for an unlimited number of accredited investors and up to 35 sophisticated investors, while 506(c) requires all investors to be accredited.
• Exemptions exclude certain securities from registration requirements, while exclusions are securities that are not considered securities at all.
• A promissory note with a maturity date of 9 months or less is typically excluded from the definition of a security.
• Building a power team, including an attorney and CPA, is crucial for real estate investors to ensure compliance and protect investors.

QUOTES

• "I help you raise the capital for your deals, but make sure that you stay out of trouble while you're doing it." - Nic McGrue
• "Get educated and then take action. Don't be in the situation where you're going to be a perpetual student on it." - Nic McGrue

You can learn more about Nic McGrue in the links below.

• LinkedIn: https://www.linkedin.com/in/nmcgrue/

If you’re listening to the Dr. B Show Podcast, please subscribe, share, and we’re listening for your feedback. You can also learn more about Dr. Jairo Borja at http://borjaconsultinggroup.com/.

John Rickgarn is an investor, educator, and Realtor.  Since 2014, John has been on a path of financial freedom, one bill at a time.  John shares his journey while educating others through his classes, website, blog, and podcast.
Main Points:

• Growing up, early life
• "Aha" moment and starting my journey
• My first real estate investment
• How non-accredited investors can start small
• How your NET WORK really does determine your NET WORTH
• How as a realtor I am tackling this crazy market for my clients
• Where do I see myself in 2030?

Connect with John:

• linktr.ee/wfreedomnexus
• www.wealthandfreedomnexus.com
• john@wealthandfreedomnexus.com