On Saturday, I posted an article about 1351 H Street, N.E. in Washington, D.C. and how that real estate deal could change the face of real estate investments. This latest entry about crowdfunding gives more information on this topic.
The Jump Out Business Startups Act (JOBS Act) will ease restrictions on investments in closely held companies. This includes those set up to own commercial property by people making less than $200,000 a year and with a net worth of less than $1 million. Before the law’s passage, such firms could market and sell shares to individuals who exceed those levels, known as accredited investors. This will allow the “small guy” to get in the “game” of real estate investment on a commercial level. However, if they aren’t careful, the unsophisticated investor could be in trouble.
To read more about this, click here.