58: The iBuyer Massacre and Why Most Will Never Survive w/Mike DelPrete

On The Market · Dec 5, 2022 · 1h 1m

Zillow, Opendoor, and other iBuyers made quite a name for themselves over the past two years. By buying up every house on the block, iBuyers quickly became the “no work, best price, all cash” alternative to selling through an agent or a wholesaler. These huge, wall-street funded businesses were buying thousands of homes in the blink of an eye, doing some quick repairs, and flipping them in record time. But even with all this activity, iBuyers were slowly hemorrhaging money, causing most of them to crash and burn within the past year.

Now, all that’s left standing is Opendoor and Offerpad, two…