A local startup with about 100 investors is making bigger acquisitions by progressing from rental homes to apartments, starting with a complex in Garfield Park.
Indiana cities are trying to harness the power of the online masses to support local quality-of-life projects.
New federal rules designed to make it easier for small investors to use crowdfunding have hardly gotten traction in Indiana.
Regulations that went into effect July 1, 2014, allow Indiana businesses to solicit capital from rank-and-file Hoosiers in increments of $5,000 or less per investor. The main stipulation: Both the business and the investor(s) must be Indiana-based.
Jacob Blackett and Sterling White buy rental houses. Through their 6-month-old firm, Holdfolio, the 24-year-olds plan to bundle them and sell investors equity stakes in the portfolio through a Web-based platform.