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Opendoor buys and sells houses quick — now it has one other $325 million

Opendoor, a San Francisco startup that buys and sells houses on-line, has raised a further $325 million from buyers together with enterprise capital companies, homebuilding big Lennar and Invitation Houses, the nation’s largest single-family house landlord.

Altogether, Opendoor has raised $645 million from fairness buyers. It additionally has raised $1.5 billion in debt to finance its house purchases.

Opendoor has been described as a flipper, but it surely’s not making an attempt to make cash by rehabbing houses. It does portray and minor repairs earlier than placing houses it has bought again in the marketplace, sometimes inside every week or so.

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