Having only been in the market for a short time, crowdfunding portals have rapidly helped over 150 startups grow nationwide, specializing in real estate. In 2016, approximately 7% of the U.S population are accredited, investors. In urban settings like Southern California, this number reaches 20%. Software platforms including CrowdEngine, RealtyShares, CrowdForce, among others, made legally raising money from the general public possible, with some fundraisers going as far as generating 90% of equity requirement through direct community contributions. Data analytics applications like Rentlytics provide owners a greater transparent window into the performance and management of their portfolios. With a robust background in developing state-of-the-art properties for over 35 years, Kenny Slaught is confident that, in the real estate tech scene, California will remain one of the most active states in the market. Using cutting-edge innovation tools to pool funding, borrowers and sponsors have pooled more than $53 million through 90 residential, multifamily, and commercial properties in Sacramento, San Francisco, and the Bay Area.
Read more: http://finance.yahoo.com/news/kenny-slaught-california-real-estate-065000553.html