The Securities and Exchange Commission (SEC) regulates who can invest in a syndication. These regulations are in place to protect investors, particularly unaccredited investors who may not have the income or wealth to sustain them if an alternative investment went south. In contrast, accredited investors are those individuals who earn $200K or more per year, or a couple earning $300K or more per year in the current year as well as the trailing two years. Or, an accredited investor is deemed such if their net worth is $1M or more (excluding their primary residence). It’s forbidden per SEC regulations to actively market syndication deals to unaccredited investors; we can only market syndications to accredited (high-earners/high net-worth deemed by the SEC) individuals and/or couples.