In just their few years in the market, crowdfunding has quicky grown over 150 startups nationwide, specializing in real estate. Today, approximately 7% of the U.S population is an accredited investor. In a dense setting like Southern California, this number is 20%. Software platforms, including CrowdEngine, RealtyShares, CrowdForce, among others, make it possible to legally raise money from the general public, with some going as far as attracting 90% of equity requirement through direct community contributions, with data analytics applications such as Rentlytics, on the other hand, give owners more transparency into the performance and management of their portfolios. With a robust background in developing state-of-the-art properties for the past 35 years, Kenny Slaught is convinced that, in real estate tech, California is one of the best in the market right now. Using cutting-edge innovation tools to pool capital, borrowers and sponsors have raised more than $53 million as 90 residential, multifamily, and commercial properties in Northern California, San Francisco, along with the Bay Area.
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