Despite having only a few years in the market, crowdfunding portals have over 150 startups grow rapidly nationwide, specializing in real estate. Nearly 7% of today’s U.S population is an accredited investor. In highly urban areas like Southern California, this number reaches 20%. Software platforms including CrowdEngine, RealtyShares, CrowdForce, and others have made it possible to legally raise investment funds from the general public, with some going as far as attracting 90% of equity requirement through direct investor contributions. Data analytics applications like Rentlytics, on the other hand, are giving owners greater transparency into the performance and management of their portfolios. Coming from a robust career in developing state-of-the-art properties for the past 35 years, Kenny Slaught suggests that, in the real estate tech scene, California remains one of the most active states in the market. With cutting-edge innovation tools helping to pool capital, borrowers and sponsors have raised more than $53 million through 90 residential, multifamily, and commercial properties across Sacramento, San Francisco, and throughout the Bay Area.
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