The crowdfunding sites became popular following the adoption of the Jumpstart Our Business Startup (JOBS) Act in 2012. This act allows funders to donate for acquisitions of properties, a practice forbidden before. Under the new law, anyone with a net worth of $1,000,000 minus their home, a shared income of $300,000 a year or individual income of $200,000 a year can be an investor. This allowed funders and lenders to get an interest from debt and equity financing. The internet market created new opportunities for homeowners and funders. They can search for new investments options, view their assets and see how these perform, notes Kenny Slaught.
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Kenny Slaught
Entrepreneur & Investec Real Estate Founder