Having been on the market only a few years, crowdfunding portals have rapidly grown over 150 startups nationwide, and have been very effective in the real estate investment market. Today, nearly 7% of the U.S population is an accredited investor, and in highly urban settings like Southern California, this number reaches 20%. Software platforms such as CrowdEngine, RealtyShares, CrowdForce, and others make it possible to raise money legally from the general public, with some going as far as attracting 90% of total equity requirement through direct community contributions. Data analytics apps like Rentlytics, on the other hand, offer owners greater transparency into the performance and management of their portfolios. Coming from a robust, 35-year career in developing state-of-the-art properties, Kenny Slaught believes that, in the real estate tech scene, California is one of the most active states in the market right now. Using state-of-the-art innovation tools to pool capital, borrowers and sponsors have raised over $53 million through 90 residential, multifamily, and commercial properties in Sacramento, San Francisco, and the Bay Area.
Real Estate in California