Wealthy Prospect, LLC
Wealthy Prospect, LLC is a real estate fund based in Grand Rapids, Michigan. According to its most recent Form D, filed Aug 24, 2022, it has sold $1,250,000 of interests to 14 investors since its first sale in Jul 2022. The minimum investment it accepts from an outside investor is $25,000. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Gregory Schmidt; Steve Ruis; Ryan Schmidt.
- Total raised
- $1,250,000Cumulative sales reported on Form D
- Investors
- 14
- First sale
- Jul 14, 2022
- Minimum investment
- $25,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Gregory Schmidt; Steve Ruis; Ryan Schmidt
- Latest Form D
- Aug 24, 2022
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Wealthy Prospect, LLC
What is the minimum investment for Wealthy Prospect, LLC?
According to its latest Form D, filed Aug 24, 2022, the minimum investment Wealthy Prospect, LLC accepts from an outside investor is $25,000.
Who can invest in Wealthy Prospect, LLC?
Wealthy Prospect, LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(b), which does not allow general advertising.
How much has Wealthy Prospect, LLC raised?
Wealthy Prospect, LLC reports $1,250,000 sold from 14 investors on its Form D filed Aug 24, 2022. This is cumulative sales since the offering began, not current assets or performance.
Where is Wealthy Prospect, LLC based?
Wealthy Prospect, LLC is based in Grand Rapids, Michigan.
When did Wealthy Prospect, LLC launch?
Wealthy Prospect, LLC reports its first sale in Jul 2022.
Size compared with every real estate fund
Raised more than 50% of the 103 real estate funds based in Michigan, and more than 36% of all 7,350 that report sales.