Despite having been on the scene for only a few years, crowdfunding started more than 150 real estate businesses. Nowadays, about 7% of the country’s population is an accredited investor, and in Southern California the number reaches 20%. Public fundraising became a reality along with sites like CrowdEngine, RealtyShares, and CrowdForce. Some got up to 90% of equity requirement through donations from the public. Additionally, owners get easier access and portfolio management with data analytics sites such as Rentlytics. Having been in the real estate industry for 35 years, Kenny Slaught knows that California is very active in the real estate sector. This was possible due to the modern strategies to pool capital. As a result, about $53 million was gathered through many different properties in Sacramento, San Francisco, and others.
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