Kenny Slaught says that new intuitive programs and mobile apps enable builders and developers to access numerous properties across many regions. Crowdfunding campaigns became popular in California after the 2012 Jumpstart Our Business Startup (JOBS) Act, which allowed private funders to sponsor real estate purchases and development. Previously, asking for funding from individuals or firms was illegal. People with a net worth of at least $1 million, without their homes, or a yearly income of $200,000 can become an investor. This is also the case for those with a shared income of $300,000, if they file together with a spouse. The new regulations enable private borrowers and lenders to earn income from a loan interest without using a bank as intermediary. Like this, sponsors and home owners can find new investment offerings, monitor how their assets are doing and get informed.
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