New real-estate crowdfunding sites offer individuals the chance to invest in everything from large developments to distressed mortgages. Many of the platforms were launched in the wake of the Jumpstart Our Business Startups (JOBS) Act of 2012, which eased restrictions on fundraising by small companies as well as restrictions on advertising investment opportunities to the general public. To date, the sites have raised more than $135 million in debt and equity for real-estate deals. Real estate is proving popular among crowdfunders because it is a tangible asset that people can look at and visit. The Securities and Exchange Commission is currently working on new rules that will apply to the small investments.