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Two brothers are changing the way local real estate is funded by bringing the power back to the people who actually live in the area.
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Hard to imagine now but this is the future site and if you market -- -- by the -- president.
Also there at the -- I can't.
There was retail.
And is in transition into the restaurant and market.
And -- stalls.
Doesn't -- selling options there's kind of food and down.
And the Beers or outdoor piece here if you look at the over the backyard is and in northeast and then second floor will be -- -- Through -- company sunrise -- Miller and his brother Dan give local residents the opportunity to invest in their neighborhoods and become more involved in the areas development.
Verizon online investment platform that lets local people own -- local real estate.
Basically we take -- building like a building like this.
They -- public.
You can buy chair of the company that owns this building the way don't know -- share an apple -- IBM.
So when you own.
-- the company owns this building.
And yet get cash flow from the rents here like -- like a landlord.
-- -- Wrangling.
Every year and yet I appreciate it the building appreciate the neighborhood roads that the value of their stock growth -- it.
As final round down he needs about -- -- -- are well -- in the real estate market but they thought that financing process needed a -- Think about it you can invest today.
Japanese manufacturing company.
Any investment coal mine and now it.
Nearly but you can't back across.
And so by having had nothing and the -- therefore.
I think about that.
No says that allowing -- local residents went -- and neighborhood democratize as the real estate investment process and remove them -- that often slows down about.
Phil Mickelson we invest in the second project recently it happens in the neighborhood that I just news to you and so there's a lot of on the going on an island -- -- walk by hit that's.
Partially mine or an investor his property or intake my friends to the business it's going to go into that building in and help support that building as as a patron.
-- I strives to meet the real estate investing process -- -- from.
However the road to approval from state and federal securities regulators was anything but.
About six months defining guy that you were -- you -- is -- all you can totally do -- I know how to help you make it possible.
Time when we we filed documents that were twelve pounds -- -- -- weighed more than my newborn son had just as much time actually.
The company's first public offering was green -- earlier this year and Miller says he sees this financing platforms spreading across -- -- -- We think -- that future.
Outfitted with your bills.
That over time people have the power to build their own Citi that's a local place that profit from but they go to jail.
-- Fox Business act cop on capping fat.
