These crowdfunding or peer-to-peer lending services were birthed from the adoption of the Jumpstart Our Business Startup (JOBS) Act in 2012, which significantly expanded the ways in which sponsors raise capital for real estate acquisitions and development. The new regulation legalized the banned practice of advertising or openly soliciting private funding from interested accredited individuals and companies. Citizens with a net worth of $1,000,000, not including their personal residences, or annual income of $200,000 per individual or $300,000 per household, if filed jointly with a spouse, can become an accredited investor. Kenny Slaught discusses how the amendments opened the door to individual borrowers and lenders taking part in debt and equity financing, where loans generate income in the form of interest, without a bank serving as an intermediary. The online marketplace has created a new pathway for property owners and funders to browse current investment offerings, perform due diligence, and maintain dashboards to track how assets and financial products are doing.

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Companies offering numerous online collaborations and, according to Kenny Slaught, more workflow automation are rising quickly, largely because of their ability to provide prompt access to accurate and concise data and information. New intuitive software and mobile apps, Slaught says, gives investors and builders a greater selection of lending and borrowing opportunities across a variety of real estate asset classes and locations. After only a few years in the market, crowdfunding portals have rapidly funded over 150 startups in the US, in the real estate sector. Today, nearly 7% of the U.S population is an accredited investor, and in a densely populated setting like Southern California, that number reaches 20%. Software platforms, such as CrowdEngine, RealtyShares, CrowdForce, among others, make it plausible to legally raise money from the general public, with some going as far as attracting 90% of equity needs through these community contributions.

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Amidst the rising use and overarching contribution of modern technologies across human life and activities, California-based entrepreneur and philanthropist, Kenny Slaught, appreciates the value of groundbreaking innovations in real estate. He discusses technological advances which have brought America’s property industry into the modern age, making the sector both more efficient and profitable. For the public, Slaught further highlights the role of technologies in the housing industry via his blog at KennySlaught.com.

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Kenny Slaught discusses that the Grand Challenges Explorations (GCE) funds individuals worldwide to explore ideas that can break the mold in how the humanity approaches persistent global health and development challenges. GCE is a $100 million initiative funded by the Bill & Melinda Gates Foundation and was launched in 2008. More than 1,186 projects in over 61 countries have received GCE grants. Anyone from any organization can apply for the GCE grant program. The quick two-page online application requires no preliminary data. Initial grants of $100,000 are awarded two times a year. Successful applicants will have the ability to receive a follow-on grant of up to $1 million.

https://finance.yahoo.com/news/kenny-slaught-congratulates-ucsb-receiving-224300308.html