Kenny Slaught Says Intuitive Software Driving Market Forward

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New intuitive software and mobile apps, Kenny Slaught says, are giving investors and builders a greater selection of lending and borrowing opportunities across numerous real estate asset classes and geographies. California’s crowdfunding, or peer-to-peer lending, projects evolved after the state adopted the Jumpstart Our Business Startup (JOBS) Act in 2012, which significantly loosened the ways that sponsors raise funds for real estate acquisitions and development. New regulations allow the previously barred practice of advertising or openly soliciting private funding from accredited individuals and firms. Those with a net worth of $1,000,000 not including ownership of their personal residences, or with a personal annual income of $200,000 or a household income of $300,000 per annum, if filed jointly with a spouse, can become an accredited investor. These amendments gave the green light to borrowers and lenders wishing to participate in debt and equity financing (where loans generate income in the form of interest) without an official financial institution involved as an intermediary. The software developments have created a new way for property owners and funders to browse new investment offerings, perform due diligence, access dashboards to track how assets and financial products are performing.

Read more: http://finance.yahoo.com/news/kenny-slaught-california-real-estate-065000553.html

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