Opendoor Wants to ‘Win’ the $1.6 Trillion Real Estate Industry. To Get There, It Needs to Grapple With Realtors, Squatters, and an Unpredictable Economy

When Eric Wu was a sophomore economics major at the University of Arizona, he didn’t use his extra cash to buy pizza or beer. He used $20,000 of his scholarship money as a down payment on a three-bedroom house near campus and rented two rooms out to classmates. Wu quickly sunk that income into another property, and then another. By the time he graduated, he owned about 25 houses in Tucson.

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