 Hmm What's going on money geeks and severe here welcome to another video guys so into this video I want us to talk about ticket symbol all PEN open This is a company that's actually gonna be trading Monday I'm gonna go stack on public because they just went through a merger with social capital ticker symbol IP OB so I didn't cover that merger here on the channel just because a lot of people had talked about it on youtube So it's felt like I know I didn't really want to touch it But I think it's an interesting play for some of you guys that are looking to expand your portfolio So you guys know I like tech that it's actually changing the way we do things today So open door is one of those companies that I think is changing the way We're gonna be buying and selling houses If you think about the traditional way of buying and selling houses where you have to contact a real estate agent and go back and forth That's gonna change people who want to buy houses now sitting From the comfort of the house or you want to sell your house you can do it from the comfort of your house So think about right now we're going through this whole covet thing How many people would want people to come in and walk through the house every day for a showing? Oh, I mean think about even the real estate agent Who wants to go out there and go hang out and be among people every single day because they have a showing So that's why I really love about this particular company But before we get started guys, we're new to the channel We talk about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content One door is actually You know going public through emerging with social capital and This guy a millionaire or billionaire investor shaman I don't want to say his last name because i'm going to butcher the whole thing But this guy has somebody somebody that has been really really big on tesla and most of his plays have been really really good So I trust him. So this is um He's a spark that's taking this company public So the new ticker symbol that you guys are going to see studying on 12 21 would be O P E N that would be the new ticker symbol the old ticker symbol was I P O B So that'll be the new ticker symbol again open door as a company that allows people to sell The homes from the comfort of their home Isn't that amazing so basically you can list your house and You know go fill out the form put in some parameters and then list your house and that's it And uh open door would contact you and then give make an offer And if you are okay with the offer They would just you know close the deal right there and then and you don't have to worry about anything And that's it and if you likewise if you want to Buy a house you can go through them and they would you know work you through the process and you can buy a house And that's it you I mean as a matter of fact this company is Out to kill real estate agent I don't know where any real estate agent want to support this company, but I don't I don't really care for I'm just an investor So I like the fact that it's changing the way we do things So that's one of the things I really like about this because the real estate market is super super fragmented There's a bunch of loopholes in there where real estate agents and The companies that you go through for your loan and all that stuff makes it a lot complicated So these guys are really simplifying that process. So you can buy You can sell you can buy as well as you can finance, you know your home through Open doors. So that's one of the reasons why I think this is a company that you would want to hold for for the longer until Um just for transparency. I already own shares of this company that I bought a while back But even right now as I'm doing this video On the shares are currently trading at about $30 and some change I think I'm starting on the 20 first these shares are going to go up even more and this company is I mean to me is over a hundred dollar company. So I'm going to again I'm going to keep adding to my position as I see opportunities So like right here, this would have been a great opportunity at 28 to even pick up some more shares um, and then usually what happens is that during um mergers like this Right out of the gate, you're going to notice that this this stock is going to spike And then just if you don't want to trade it and make some profit during that spike You just wait if you are looking to buy a long term Just wait and then wait for a pullback and once you get it you get in and hold it for the long term again Like I said, I see this company as uh Over a hundred dollar company per share. That's just my personal opinion because I see what they're doing I think it's the future of real estate again guys I wanted to bring this out to you guys for a lot of you guys that haven't Already added this to your portfolio. This will be a good one. So again, you are in the tech space But this is tech space slash real estate And if you guys notice like it looks like everything today is being taken care of by technology Don't you just love that? So again, I love this company um So the only thing that I see about uh open though that I don't really like is that it's so capital intensive So I'm talking about they have to borrow a ton of money to buy these houses And and then flip them in and then make money. So at any one point, let's say they have Uh 500 houses that is tremendous amount of money Even though I know that they work with banks to you know, take the loans and buy the houses But that's a lot of capital that they have to deal with so I think it's it's a good Business model if implemented very well and again, we're hoping that you don't they don't buy all these houses and then Out of a sudden is the snap of a finger. We have a housing crash. That would be really really bad for these guys So that's something that um that worries me other than that I think business model is perfect and the way they approach it taking out the middleman and taking out Real estate agents. I think it's fantastic. You deal directly with them But sell your house or buy your house directly with them and you know, again, it's very simple You do it online fill out the forms and they approve it and that that's it and you're ready to go So I think it's a great place to be and the market for you know for these places is just tremendous They have a lot of uh potential for growth because this is just the beginning. Um, the more uh companies start or people start to see the benefit of not having somebody walk through your house Preparing your house for showing they're going to want to jump onto these. Um, you know companies like Zillow Redfin outdated a potential competitors to Open door, but I think um open door specifically the fact that they you're dealing with them They don't have any real estate agents in between that you have to deal with to me speaks volume So that I would personally prefer this particular, um a route than having to go with you know The old route where you have to find a real estate agent do all maintenance and repairs in your house Receive an offer from you know from somebody and then you have to host like several Open houses and then this you know your house for sale. I mean like the process is just complicated you have Inspection from the buyer you have to negotiate some repairs because they didn't like the carpet At the door, they want you to replace it. I mean just the little things that are really really annoying You know and then you have to settle for whatever offers they bring you and then I mean just that back and forth is It's hectic if you have if you if somebody that owns a house that has gone through the process You know, it's a lot of headache. So just in cost alone you're looking close about $29,000 for you to actually go through the process of Buying or selling your house, which is complicated. That is the old way of doing it, right? So now the new way of doing it is very very simple You just you receive an offer from open door You know, you know to sell your house and time that you want They give you like a cash offer online Flexible close date you choose when you want to close it and then the closing is digital So you don't have to go through a gazillion forms to want to make everything happen Which is to me again in my opinion is awesome So new experience you search visit buy thousands of homes online on their platform You know, again, it's a surf tour that you can do take videos of your home and and post it on there If you want to sell your home, so you pretty much become your own real estate agent. So guys Again, I just wanted to bring this out to you because I think there's tremendous amount of opportunity here So when you open You're you know your broker tomorrow your ticket symbol you're going to be looking for it's going to be OPE and that is the new ticket symbol that's going to be available tomorrow the current ticket symbol of IPO be that's going to be gone. So again, let me know in the comment section guys What do you guys think about this? I think this is a tremendous long-term play that we have to hang on to If you want to make some quick money and they traded that's absolutely okay But definitely make sure that you have some shares of Of this particular company open doors for a long term because I think that this is gonna this is the future Of real estate. This is the future of buying and selling home. So again, that is my personal take Do your own research do your homework before you go out and make some of these changes Guys if you are looking to get started with investing again We both currently doing a promotion right now if you sign up and deposit a hundred dollars You get four free stocks just for signing up you get two deposit a hundred dollars to get two And when you get a free stock, I get a free stock that helps me continue to make content here on the channel Links in the description below and as always guys, don't be a greedy savage and stay motivated