Kenny Slaught notes that new mobile apps allow builders and investors to find a larger selection of properties in various locations. The peer-to-peer projects in California took off after the Jumpstart Our Business Startup (JOBS) Act was adopted in 2012. This act made it possible for funders to sponsor property acquisitions and development. The new law allow accredited individuals and companies to fund projects. Those with a net worth of $1,000,000 without their home, or an annual income of $200,000 can become an investor. This is also possible for those with a shared income of $300,000 if they file with a spouse. The adjustments enabled individual borrowers and lenders to take part in debt and equity financing, where the profit is made from loans without an intermediary. The internet gave a chance to homeowners and sponsors to find new investments, perform due diligence, and view how their assets are doing.