FinTech profile: Opendoor – innovation in real estate
Opendoor is a US-based real estate fintech aimed at revolutionising the way in which people sell their homes…
Opendoor Loses Billions | BK Coming
Opendoor Loses Billions | BK Coming
Houston, San Antonio, Austin and Dallas Texas.
Email my team and I for any questions and let us know how we can help!
Are we in a housing bubble? Will real-estate crash? Is there a housing crisis? How do credit reports work? What are the new Tax laws? Listen to the data and please share your own stores and opinions. It is more important now more than ever with so many changes and challenges. We plan on bringing more and more videos on real estate and how to educate and empower yourself. Please like and subscribe but most importantly empower yourself with education!
0:00 – Intro
1:46 – 1.4 Billion In Losses
5:51 – The Problem With Flipping
7:19 – Opendoor Claims
9:08 – Opendoor Purchasing
11:28 – Conclusion
#housingmarketcrash #realestate #housingmarket
Loan Originator #1044093
Amcap Home Loans
Equal Housing Lender
9999 Bellaire Blvd. Suite 700
Houston, TX 77036
TREC Provider #10299
TREC Sales Person Realtor #727233
Executive Texas Realty
417 Gentry Street Suite D
Spring, TX 77373
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Real Estate Mindset or Travis Spencer are registered financial advisors. Your use of Real Estate Mindset’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Real Estate Mindset does not establish a formal business relationship.
Chamath Palihapitiya unveils $4.8 billion SPAC deal for real estate startup Opendoor
Chamath Palihapitiya’s SPAC Social Capital Hedosophia II will acquire Opendoor, an online marketplace for buying and selling houses. Palihapitiya joins “Squawk Box” to discuss his vision for the deal. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
Chamath Palihapitiya pioneered taking private unicorns public by reverse merging them into special purpose acquisition companies — an idea he’s called “IPO 2.0.”
After his first iteration of doing so last year with space-tourism company Virgin Galactic, he’s found his next target: Opendoor, an online marketplace for buying and selling houses.
“These guys are my next 10x idea,” Palihapitiya said in an interview with CNBC, noting the prospect of generating returns worth 10 times the original investment.
The investment, announced Tuesday, amounts to more than $1 billion. Opendoor will receive $414 million from the capital generated from the April initial public offering of his SPAC, Social Capital Hedosophia II. Additionally, a group of investors, including Palihapitiya and funds managed by BlackRock, agreed to infuse another $600 million through a PIPE, or a private investment in public equity.
The deal values Opendoor at $4.8 billion — nearly equal to its 2019 revenue. The company’s earlier investors include General Atlantic, SoftBank’s Vision Fund and Lennar Corp.
“This is one of many milestones towards our mission and will help us accelerate the path towards building the digital one-stop-shop to move,” Eric Wu, who founded Opendoor six years ago, said in a statement. Wu will continue to lead the company, while Adam Bain, former chief operating officer at Twitter and director at Social Capital Hedosophia II, will join the board after the transaction is completed.
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
For info on the best credit cards go to CNBC Select:
Opendoor Stock | Why We’re Avoiding OPEN
Opendoor stock has been rising lately along with all other real estate services companies. Investors need to take a step back first and look at what exposure they’re getting from an investment in OPEN stock. It’s not a property tech firm, it’s more like a property management firm. You see, Opendoor acquires homes which then sit on their balance sheet until they’re sold for a profit. With gross margins of 10% during good times, there isn’t a lot of buffer for when the property market sees a downturn. Last quarter saw gross margins of 5% which might be further squeezed if the bottom falls out of the residential property market. How many people are keen to buy a new house when mortgage rates exceed 7%? We find Opendoor stock to be way too risky for our tastes, even if they were a SaaS model with no exposure to property process. Want exposure to residential properties in America? Invest in REITs instead.
RESEARCH PIECES USED IN THIS VIDEO:
1. Using Blockchain for Commercial Real Estate
2. How to Get Into Commercial Real Estate Investing
Real estate services companies rise
Opendoor’s last earnings report
Opendoor’s business model
Covenants, debt, and leverage
What will home prices do?
The Opendoor turnaround story
This video is brought to you by Nanalyze, a media and research firm founded by finance professionals with decades of experience. We share insights about #DisruptiveTechnology #stocks in a language that is future-proof and easy to understand.
Read all the Nanalyze Premium articles you’d like for free! Sign up for a 30-day trial of our monthly subscription with no strings attached: https://www.nanalyze.com/become-a-nanalyze-premium-subscriber/
DISCLAIMER: Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, along with independently researching and verifying, any information contained within our YouTube videos or on our website, whether for the purpose of making an investment or otherwise.
The Future of Real Estate looks like THIS
Real estate is the trillion dollar industry that is lying in plain sight. Last year the space had 15 IPOs, and over $32 billion invested. Today we’re talking with Brendan Wallace, one of the founders of one of the largest real estate venture firms in the world. He’s going to take us through what the future of this incredible industry looks like.
00:00 The future of real estate
01:34 Home buying is broken
02:38 Opendoor marketplace
03:17 Fifth Wall Investments
04:20 Real estate tech’s potential
06:52 Follow Fifth Wall!
Follow Fifth Wall!
100% of the revenue from this channel is donated to https://www.code2040.org – thank you for helping me help the engineers of tomorrow.
I’m Garry Tan, venture capitalist and founder at Initialized Capital. We were earliest investors in billion dollar startups like Coinbase and Instacart, and I’m a Forbes Midas List Top 100 venture capitalist in the world. We want these videos to be about helping people build world-class teams and startups that touch a billion people. Our startups have gone on to create more than $200 billion in market value so far, and Initialized has over $3.2B in assets under management.
Please like this video and subscribe to my channel if you want to see more videos like this!
Follow me on Twitter and Instagram so you’ll never miss my videos and ideas—