Skip to content
Austin Real Estate Forum

User Stats

184
Posts
229
Votes
Alex G.
  • Investor
  • Austin, TX
229
Votes |
184
Posts

Open Door Activities in Austin

Alex G.
  • Investor
  • Austin, TX
Posted May 21 2019, 07:49

Just did a quick lil research on Open Door activities in Austin. They've entered our local market in 2019. I've been getting their mailers for the last 3-4 months on some of my properties. It apears they are quite effective. 

In Wilco they bought 146 houses in 2019 already. In Travis they bought 82 houses in 2019. 

And it's still mid-May.

They already resold/closed 30 in Travis and 26 in Wilco. Probably more under contract to sell. 

It looks like they are getting mortgages on some of them. Perhaps, they'll be holding these. Anybody knows what their margins are on buy/sell scenario?

They use their own brokerage company, so they make some money on listing fees.

Loading replies...