With only a few years in the market, crowdfunding portals have already rapidly grown over 150 startups throughout the nation, specializing in real estate. Nearly 7% of the U.S population qualifies as an accredited investor. In highly urban areas like Southern California, this number reaches 20%. Software applications such as CrowdEngine, RealtyShares, CrowdForce, amongst others, have made it possible to raise money from the general public legally, with some borrowers attracting 90% of equity requirement through direct contributions from the community. Data analytics applications like Rentlytics, on the other hand, provide owners greater transparency into their portfolio’s performance and make management a breeze. With a diverse background in developing state-of-the-art properties for the past 35 years, Kenny Slaught is convinced that California remains one of the most active states in the real estate market right now. Using cutting-edge software applications to raise capital, borrowers and sponsors have generated more than $53 million through 90 residential, multifamily, and commercial properties in Sacramento, San Francisco, and the Bay Area.
Read more: http://www.nasdaq.com/press-release/kenny-slaught–california-real-estate-benefiting-from-technology-based-investing-20160921-00056