Own It Detroit is an experienced and trusted acquisition company in the Detroit area that delivers high-yield real estate investment opportunities and property management services. As you already know real estate investing is very lucrative in this area of Michigan, and our tested and proven real estate investing system allows you to completely avoid the learning curve.A revolution in real estate funding is underway in Detroit, as the ever-popular method of crowdfunding is being used to purchase properties.DETROIT (September 15, 2014) – Individual real estate investors and home buyers face specific challenges when investing in real estate or buying a new home. The opportunity to finance a promising property or invest in multiple houses is often left for corporations with access to large amount of capital. The emergence of crowdfunding has opened up new avenues for real estate investment for individuals who combine efforts and finances.
Crowdfunding is a web-based method of fundraising that obtains relatively small dollar amounts from relatively large numbers of people. Websites like Kickstarter.com and FundMe.com have provided platforms for people to raise money for anything from starting a fashion line to paying for a Honeymoon. Anyone can donate to someone’s fundraising campaign, with donations as small as $5.
This idea has crept into the real estate market in Detroit specifically, although it’s not without its difficulty. The JOBS (Jumpstart Our Business Startups) Act of 2012 made it easier to invest in real estate, with smaller amounts of capital required to do so. However, the officials charged with implementing the JOBS Act must still abide by regulations set forth by the Securities Exchange Commission (SEC), which dictates that any investor in real estate must be accredited as qualified investors, by way of obtaining financial records of every potential investor. In the realm of crowdfunding and the sheer amount of people who can invest in one property, this can be a deterrent in terms of the paperwork alone.
However, lawmakers are moving swiftly to address these particular challenges and amend the SEC’s regulations to make it friendlier to crowdfunding ventures. The Equity Crowdfunding Improvement Act of 2014 would make it easier for everyday citizens to participate in real estate investment via a crowdfunding platform.
With the boom of investment opportunities in Detroit and the re-birth of the city, the Detroit residential real estate market is growing significantly. Crowdfunding is yet another avenue through which people can take advantage of the low purchase prices of homes and be able to reap the benefits as the market improves over time. Own It Detroit is a company owned by real estate investors and property manager who have been involved in the Detroit real estate market for over 25 years. The emergence of crowdfunding as a viable way to invest in the city during this historical time opens doors to people who may not otherwise have been able to invest in the city. Available properties are listed on OwnItDetroit.com, and seasoned professionals are on hand to help facilitate the buying process.
For more information, please visit www.OwnItDetroit.com
Media Contact
Company Name: Own It Detroit
Contact Person: Mousa A. Ahmad
Email: Send Email
Phone: 313-324-4114
Address:19853 West Outer Drive Suite 300
City: Dearborn
State: MI
Country: United States
Website: http://ownitdetroit.com
Source: www.abnewswire.com
