Services increasing online collaborations and, equally as important, workflow automation are rising in use, largely due to their ability to provide prompt access to accurate and manageable data sets. New intuitive software and mobile applications, said Kenny Slaught, gives investors and builders a broader selection of lending and borrowing leads across a variety of real estate asset classes and geographies. Having been in the market for less than ten years, crowdfunding portals have rapidly grown over 150 firms nationwide, specializing in real estate. In 2017, about 7% of the U.S population is an accredited investor. In a highly urban area like Southern California, this number nears 20%. Software platforms, such as CrowdEngine, RealtyShares, CrowdForce, among others, made it possible to legally raise funds from the general public, with some reaching 90% of equity requirement through direct funding contributions.
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