Opendoor = We’re Doomed?

[Barrett A.]

Hi All,

I was hoping to get some of y’alls opinions on how today’s news about Opendoor could impact our business.

I have personally received a slick letter from this company, offering to buy one of my rentals.

They just received $325 million in funding, just as I am attempting to get my business’s first Deal.

I will not give up - if anything, this is an indication that there are still deals to be found in the USA. 

But is it reasonable to be worried that big companies like this will squeeze us out with razor thin margins?

https://www.cnbc.com/2018/06/13/house-flipping-start-up-opendoor-raises-325-million-series-e.html