Kenny Slaught says that new software allows builders and investors to locate more properties in numerous locations. The crowdfunding projects became popular in California after the Jumpstart Our Business Startup (JOBS) Act was established in 2012. he act changed the way real estate operations are done by enabling the solicitation of private funding from accredited people or companies. Anyone with a new worth of $1,000,000 without their home, or with an income of $200,000 a year can become an investor. This is also the case for those with an income of $300,000 a year, if they file with a spouse. The law let Californian lenders and borrowers to take part in debt and equity financing, and make profit from loans without an intermediary. The internet paved the path for homeowners and funders to find new investments, perform due diligence, and track their assets.