You have to be an accredited investor to invest in deals offered under Regulation D. Opportunities for accredited individuals will be different from non-accredited individuals, options available for non-accredited investors include certain types of bonds, real estate, equities, and other securities.

As defined by the SEC, an accredited investor is an individual who meets one of the following requirements:

1. Individuals with annual income over $200K (individually) or $300K (with spouse or spousal equivalent) in each of the last 2 years and an expectation of the same this year

2. Individuals with net assets over $1 million, excluding the primary residence (unless more is owed on the mortgage than the residence is worth)

3. An institution with over $5 million in assets, such as a venture fund or a trust

4. An entity made up entirely of accredited investors

5. SEC- and state-registered investment advisers

6. Exempt reporting advisers filing with the SEC

7. Individuals with certain professional certifications (Series 7, Series 65, and Series 82 license)

8. "Family Offices” with over $5 million in assets under management and their “family clients,” as each term is defined under the Investment Advisers Act

9. Any entity that holds over $5 million in investments and that was not formed for the specific purpose of investing in the securities offered