Is Crowdfunding the New Frontier?
Last week, the SEC unanimously approved proposed rules on Title III crowdfunding as described in the JOBS Act. That allows unaccredited investors to participate in equity-based crowdfunding for the first time in 80 years. Realty Mogul CEO Jilliene Helman (with co-founder Justin Hughes) tells us until now, crowdfunding has been limited to accredited investors, with a $200k annual income required.
The new ruling opens up a world of potential real estate players. Jilliene says crowdfunding works well for income-producing properties and performing loans; her team has raised $8M in equity over the last seven months and purchased 20 such properties valued over $20M. Is crowdfunding the future of real estate investing? Click the image above or click here to tell us your thoughts.