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Old 12-18-2014, 11:33 AM
 
7,269 posts, read 4,210,249 times
Reputation: 5466

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Looks like Opendoor has officially launched, but in only one market. Basically a flipper with a feel-good marketing pitch that some will be attracted to.

In a previous post a OD founder posted that they also own a real estate firm. Wonder how that will play out in terms of them being held to a higher standard when presenting offers based on their valuation model and terms.

Really nothing new. Suspect competition will follow.
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Old 12-19-2014, 08:33 AM
 
8,575 posts, read 12,398,483 times
Reputation: 16527
Basically, a flipper with a gimmick.
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Old 12-19-2014, 09:09 AM
 
Location: Cary, NC
43,269 posts, read 77,063,738 times
Reputation: 45612
Quote:
Originally Posted by jackmichigan View Post
Basically, a flipper with a gimmick.
Well, I thought it was just another in a series of spam posts.
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Old 12-19-2014, 09:28 AM
 
Location: Berkeley Neighborhood, Denver, CO USA
17,707 posts, read 29,800,391 times
Reputation: 33291
Default What a flipper with a gimmick might look like

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Old 12-19-2014, 01:08 PM
 
Location: Cary, NC
43,269 posts, read 77,063,738 times
Reputation: 45612

Is that not TWO flippers with a gimmick?
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Old 12-20-2014, 03:13 PM
 
Location: los angeles county
1,763 posts, read 2,046,231 times
Reputation: 1877
this business model is not new.

I have seen an agent do something similar here, where they finance the renovation and take a fat cut
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