Accredited Investor Qualifications: In order to qualify as an accredited investor under Regulation D guidelines. An investor must meet one of the two following guidelines: 1) Any natural person whose individual net worth, or joint net worth with that person's spouse, exceeds $1,000,000.
(i) Except as provided in paragraph (a)(5)(ii) of this section, for purposes of calculating net worth under this paragraph (a)(5):
(a) The person's primary residence shall not be included as an asset;
(b) Indebtedness that is secured by the person's primary residence, up to the estimated fair market value of the primary residence
at the time of the sale of securities, shall not be included as a liability (except that if the amount of such indebtedness outstanding
at the time of sale of securities exceeds the amount outstanding 60 days before such time, other than as a result of the acquisition
of the primary residence, the amount of such excess shall be included as a liability); and
(c) Indebtedness that is secured by the person's primary residence in excess of the estimated fair market value of the primary
residence at the time of the sale of securities shall be included as a liability;
Or, 2) Any natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person's spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year.