The Death of Home Flipping | Zillow and Opendoor Destroyed

#zillow #opendoor #housingmarket

CAMERA GEAR USED:

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[OrlandoMiner]

Do you think fix and flips are a good idea in today's housing market?

[michelletribble]

I went to a gorgeous home that had been flipped then I went through the neighborhood in my car and realized the home I saw was the nicest in the neighborhood . Like hell if I am going to buy a home where the whole neighborhood is going to take me down with it.

[paratroopergirl]

Can't wait to see what the housing market is going to look like during the holidays! This is going to be interesting to see what happens with investors and their over priced properties.
Can you do a video on buying foreclosures in the upcoming housing market?

[moa]

Home flippers deserve to get financially crushed for making houses more expensive.

[jclrg]

Here in Denver metro, open door is getting hammered. 20-30k under purchase price on many recently purchased homes

[capachinoxm]

I'm getting desperate here. Investors bought everything around me that's not a complete dump and in turn landlords joined in the greed fest and jacked up the rents to insane levels.

[dirtxpert]

To be honest I feel the regular working citizen is being screwed by flippers, people who decided to extremely over pay, investors hope they all get Wrecked.

[javierquiroz]

Just curious Orlando how many years u been in the flipping business and how many houses have u flipped ?

[samsungtaco]

and not to mention the hefty fine open door just got hit with. Pretty soon they will be called closed door😁

[themeatjesus]

I love the channel. I genuinely dislike the phone battery dying sound. It triggers me to check my phone for battery life since I need my phone to run my business

[BKBK]

Those late flippers are left holding the bag.

[bitcoinman]

Orlando you are in Illinois right..I have a whole list of 10 flips I have been saving since March...0 have sold 🤣. All still have the original price except for one which has cut it 100k since April but still hasn't sold 🤣. It was completely refreshed and new but the work looks cheesy and cheap. They are likely underwater at this price but looks like they need to go even lower

[AdvancedNursesEdConsultant]

Live for your chuckles 🤣🤣🤣 Thank you for sharing this information.

[millertime]

Hey Orlando. Love the content. Just wanted to jump in on the hard money loans as I used to work for one of the largest lenders in this space. I don’t know anyone that will do 90% of ARV; it’s usually 70% ARV max and up to 90% of acquisition.

[javierquiroz]

Realtor in Los Angeles here fixer homes are still selling over asking price here 😫😫😫☠️ hasn’t cool down here.

[joanneb]

I used to watch a youg lady who started flipping houses in Atlanta, GA about a year ago. She bragged about how in less than one year, her portfolio grew from $0 to $2 million. She'd use the BRRR method and would take 90% of the ARV to get the next property (a total of 6 to 8 properties). I could see trends in finance and real estate market and would ask the "what if" questions she'd never address and she just ignored me. I have the feeling she's in a world of hurt now. She hasn't posted a video in over 2 months...just posts a weekly poll question. I think she's afraid to give an update, let alone peddle her flipping products she's developed. She would say you can do this forever, it's so great, road to financial freedom, by my guides, etc. So, um, why so quiet now? All I can do is smh.

[Bryan-yqpz]

Thanks Orlo. Appreciate the data you share and your valued opinion.

[dawson]

Orlando did I read correctly that you bought Holiday Inn? To buy the business or just the land to lease out?

[snappier]

And open door and Zillow and other institutional residential buyers are charging the seller 5%. What a colossal mess an all cash buyer should be able to get a discount but all they did was screw the realtors and screw the homebuyers and fail at the same time I called it two years ago I Wrote about it extensively. Good job my man.

[c.b.]

Orlando HaHaHa🙂 Open Door. will see a Closed Door!