Kenny Slaught explains that intuitive software and mobile apps allow builders and investor to find a larger selection of properties easier. The Jumpstart Our Business Startup (JOBS) Act, adopted in 2012, drove crowdfunding projects to success. In the real estate sector, the act changed the way funders support property acquisitions and development. The new law made it possible to ask for donations from accredited individuals and firms. Individuals with a net worth of $1,000,000 without their home, or a yearly income of $200,000 can become accredited investors. Those with a shared income of 300,000 can also become an investor if they file with a spouse. These changes enabled borrowers and lenders to engage in debt and equity financing, which results in profit made from loans without a bank being involved. The internet allowed homeowners and sponsors to view the available investments, perform due diligence and track their assets.
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