Here's Why Opendoor Could Be Such a Great Long-Term Investment
Tech-focused real estate company Opendoor is set to be taken public via SPAC when it merges with blank-check company Social Capital Hedosophia Holdings II (NYSE: IPOB). And if you aren't familiar, Opendoor's core business consists of making as-is offers on homes, making some cosmetic repairs, and then reselling the homes (hopefully) at a profit.
Despite major growth in its core "iBuying" business in recent years, Opendoor and its rivals haven't yet figured out how to profitably scale this type of real estate business. In this Dec. 1 Fool Live video clip, two experts from our Millionacres real estate brand, Matt Frankel, CFP, and Deidre Woollard, discuss why investors are so excited about Opendoor's future -- and why they might be right.
Source Fool.com
