Kenny Slaught says that new apps allow builders and investors to easier locate more properties in various areas. The peer-to-peer projects in California started after the Jumpstart Our Business Startup (JOBS) Act was adopted in 2012. The act gave funders more freedom to support the acquisition and development of properties. Those who have a net worth of $1,000,000, without their home, or make $200,000 a year can be an accredited investor. This is also the case for families who make $300,000 year if they file together. The new laws enabled lenders and borrowers to be more active in debt and equity financing, without using an intermediary. The internet has made it easy for homeowners and sponsors to find new investments, manage their assets and perform due diligence.