According to Individual 1, the minimum investment was $300,000, and Victim 1 could use her original $150,000 investment in the NRIA fund toward the required $300,000 investment in the North Bergen property.
Furthermore, is NRIA legit?
NRIA has been reported to the Better Business Bureau multiple times since 2008. This is a scam. Government grant scams are on the rise. With the recently passed federal stimulus bill, scammers are taking advantage of homeowners of all ages by making bogus offers to secure generous grants for home repairs.
Similarly one may ask, what is the minimum assured return NRIA delivers to investors?
The 12% you reference is the minimum return, the actual offering is 16-20% and it’s based on a $280M property portfolio. In my investments NRIA has delivered on all their promises and contracts and they have my highest recommendation.
What does NRIA mean?
NRIA
| Acronym | Definition |
|---|---|
| NRIA | Nuclear/Radiological Incident Annex |
| NRIA | National Railroad Intermodal Association |
What does it take to be an accredited investor?
To be an accredited investor, a person must have an annual income exceeding $200,000 ($300,000 for joint income) for the last two years with the expectation of earning the same or a higher income in the current year.