After only a few years in the market, crowdfunding has rapidly grown over 150 startups nationwide, specializing in real estate. Today, approximately 7% of the U.S population is an accredited investor. In a dense setting like Southern California, this number is 20%. Software platforms, such as CrowdEngine, RealtyShares, CrowdForce, among others, make it possible to legally raise money from the general public, with some going as far as attracting 90% of equity requirement through direct community contributions. Data analytics applications like Rentlytics, on the other hand, give owners greater transparency into the performance and management of their portfolios. With a robust background in developing state-of-the-art properties for the past 35 years, Kenny Slaught is convinced that, in real estate tech, California is one of the most active states in the market right now. Using cutting-edge innovation tools to pool capital, borrowers and sponsors have raised more than $53 million through 90 residential, multifamily, and commercial properties in Sacramento, San Francisco, and the Bay Area.
Read more: https://sports.yahoo.com/news/kenny-slaught-examines-classic-features-021600400.html