Is Opendoor Competition or Not Quite Ready for Prime Time?

[Account Closed]

Opendoor is active in Phoenix but it looks like they haven't figured out a formula yet.

They bought this property Oct 31 2018 for $245,700 and after 228 DOM are asking $249,000 - who knows how much they put into the rehab and what their carrying costs are but seems to me that putting the money into hotdogs and selling them at the beach would have a better return. 

Recording Date	Grantor	Grantee	Document Description	Sale Amount
10/31/2018	- Blanked Out-	OPENDOOR PROPERTY C LLC	WARRANTY DEED	$246,700.00

Recording Date	Grantor	Grantee	Document Description	Sale Amount
10/31/2018	- Blanked Out-	OPENDOOR PROPERTY C LLC	WARRANTY DEED	$246,700.00