Kenny Slaught recognizes that platforms offering increased online collaborations along with workflow automation are increasing in popularity, largely due to their ability to deliver prompt access to accurate and consolidated data flows. New intuitive software and mobile applications, explains the owner of one of the most successful property management enterprise in Santa Barbara, give investors and builders a wider range of lending and borrowing opportunities across a variety of property asset classes and geographies. Having been available for only a few years, crowdfunding portals have quickly grown over 150 startups nationwide, specializing in real estate. Today, approximately 7% of the U.S population qualifies as an accredited investor. In densely urban settings like Southern California, this number reaches 20%. These platforms, such as CrowdEngine, RealtyShares, CrowdForce, among others, made it possible to legally raise money from the general public, with some firms going as far as attracting 90% of equity requirement through direct community donations.
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