Kenny Slaught notes that the new mobile apps and intuitive programs allow developers and builders to access a wider variety of assets in many locations. Crowdfunding campaigns became legal in California after the 2012 Jumpstart Our Business Startup (JOBS) Act. The new law allow real estate operations to be funded by private sponsors. People with a net worth of over $1 million without their home, or with a $200,000 yearly income can become an accredited investor. This practice is also possible for those with a shared annual income of $300,000, if they file together with their spouse. These changes allow private borrowers and lenders to earn interest from loans, without using a bank as an intermediary. In this way, home owners and sponsors can find new investment offerings, monitor how their assets are doing and get informed.
Real Estate in California