Becoming an Accredited Investor

[Lucas W. Emhof]

Good morning BP,
Hope your week is going well. I'm wondering if you can help clarify something for me. I am working with my CPA on having him sign me off as an accredited investor, but am falling a bit short of the $300K income mark for a married couple, which is preventing him from signing off on it. I am looking at the qualification of having a net worth of $1M. Just for point of reference here is the verbage in the Qualification form:

"I am a natural person whose individual net worth or joint net worth with my spouse, at the time of the purchase of the Securities, exceeds One Million Dollars ($1,000,000), excluding consideration of equity in my primary residence and after having deducted any negative equity in my primary residence or any indebtedness that I have incurred on my primary residence within the sixty (60) days prior to subscribing to this Offering;"

Not including my Primary Residence my net worth falls right at the $1M mark, but this does not include the mortgage debt on my real estate investments. So my total assets not including my primary or my liabilities is $1M.  Does this satisfy the requirement?  Any help or further insight from someone well versed in this would be greatly appreciated!  Thank you!

[Kyle J.]

@Lucas W. Emhof This link explains it in more detail, but basically for the net worth requirement it’s the common definition of net worth (assets - liabilities): 

https://www.investor.gov/additional-resources/news-alerts/alerts-bulletins/updated-investor-bulletin-accredited-investors