The Jumpstart Our Business Startup Act was adopted in 2012 in California, and allowed the requests for private funding from individuals or companies. Those with an yearly income of $200,000, a net worth over $1,000,000 or a shared income of $300,000 a year can become investors. Their personal house is not included in their net worth, and they must apply with their spouse. The new regulation allowed home owners and lenders to get involved in equity financing without using a financial institution, as the interest turns into income. The online platforms provide a means of browsing new market offerings and track their real estate asset, says Kenny Slaught.
Read more: http://markets.financialcontent.com/mng-lang.dailynews/news/read/33739313/Kenny_Slaught_
Kenny Slaught
Entrepreneur & Investec Real Estate Founder