Kenny Slaught And California’s JOBS Act’s Economic Boost
Mobile apps and intuitive programs enable developers and investors to lend or borrow properties easier across many locations. After the Jumpstart Our Business Startup (JOBS) Act in 2012 was established, crowdfunding campaigns became possible in California. The state allowed the practice of receiving private funding from individuals or companies. People with a net worth over $1 million without including their house can become accredited investors. This is also the case for those with an yearly income of $200,000 or a shared income of $300,000, if they file together with their spouse. Kenny Slaught explains that the changes enable borrowers and lenders to get involved in practices where income is generated from loans, without using an intermediary. The Internet allows home owners and sponsors to monitor the performance of their assets, get information, and find new investments.