Residential Income Properties is a Wyoming Limited Liability Company formed on February 27, 2013 for the purpose of engaging in the acquisition and sale of residential single family homes of 1-4 units with initial emphasis in the State of California. The company is selling 28 shares at $25,000 to qualified “Accredited Investors”
The SEC defines "Accredited Investor" as meeting at least one of the following conditions:
YOU QUALIFY IF YOU CAN MEET AT LEAST
OF THESE REQUIREMENTS
1) An individual who earns individual income of $200,000 per year, or has joint income of $300,000, in each of the last
two years and expects to reasonably maintain the same level of income.
2) A person who has an individual net worth, or joint net worth with that person's spouse, that exceeds $1 million at the time of purchase, excluding the value of the primary residence of such person.