Real estate developers are given a higher range of property options in different locations with the new mobile apps. The 2012 Jumpstart Our Business Startup (JOBS) Act allowed crowdfunding projects in California, which gave funders more freedom to support real estate development. The new law enabled donation requests from individuals and businesses. Individuals that have a $1,000,000 net worth, without their home, or an income of $200,000 a year, can be an accredited investor. This is also the case for those with a $300,000 yearly shared income if they file with their spouse. The new adjustments allow private borrowers and lenders to engage in debt financing and make a profit from interest without an intermediary. The Internet market created a new method for homeowners and sponsors to find new investments, manage their assets and perform due diligence.
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