According to Kenny Slaught, new intuitive programs and mobile apps allow developers and builders to access numerous properties across many locations. The 2012 Jumpstart Our Business Startup (JOBS) Act enabled individuals and companies to sponsor real estate purchases through crowdfunding. This practice was previously not possible in California. Now, those with a $1 million net worth, or a $200,000 per year income can become an accredited investor. Those with an income of $300,000 a year or a household income of $200,000 a year can also become an investor, if they file together with their husband or wife. The new laws allowed Californians who engage in real estate operations to earn interest from loans, without using a bank. Like this, home owners and sponsors can get informed, monitor the performance of their assets, and find new investment options.
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