Finding Commercial Properties
What are good websites to use to discover commercial real estate properties for sale? I have heard of loopnet, but are there any others? Are these lisings available on the MLS? If so, how do you get access if you are not a realtor.
[{"id": "f9s3306", "text": "I sell commercial real estate and I\u2019ve never been a member of an MLS.  You can find some commercial property there I\u2019m sure, just not mine so it depends on what you\u2019re looking for.  Loopnet has a lot of it.   You should also be talking to all the brokers active in the city you are looking at in the property type you are trying to buy.  A lot of my deals are done over phone calls, maybe not even with an email blast.  Can\u2019t overstate the importance of making sure I know you\u2019re legit and have cash when it comes time to doing a deal.  I get to work immediately when I have a deal and I\u2019m talking to the people I know first like.. while the ink is wet on the listing agreement.  Trying to get that property sold ASAP and I\u2019m not necessarily taking a risk on an unknown buyer when I know I have a closer in the game and I\u2019m telling my seller the same.  You aren\u2019t just going to be able to get on loopnet and expect to be finding some crazy deal, just not happening.", "replies": [{"id": "f9v0w0j", "text": "It's definitely valuable to be on the broker's short list of trusted buyers. As a broker, though, it's also important to make sure the deal is getting sufficient exposure/competition so that there's true price discovery. I built a free tool that makes it dead-simple to maintain a contact database that is searchable by investment criteria. Your buyers do the work of keeping their info up to date and you just search by geography, risk, property type, etc. when you have a deal. It's a good way to show a seller that you are tracking all of the serious players in the market, which provides good cover for you when you go to the short list. Would love your feedback on it.\n\n[https://targets.towerhunt.com](https://targets.towerhunt.com)", "replies": [], "depth": 2}], "depth": 1}, {"id": "f9s458p", "text": "crexi.com is what I use now, and having some non-exclusive agreements for buyers agents for those \"off-market\" deals\n\nAs a buyer, I avoid loopnet", "replies": [{"id": "f9s4bb3", "text": "Where does crexi pool all the listings from? Brokerages themselves?", "replies": [{"id": "f9s50u3", "text": "I believe the individual brokers / brokerages have to create accounts and submit the information\n\nI was on ten-x for a while but I didn't like the auction process\n\nMy criteria is NOI ~ 1mil$ and my strategy is buy and hold so the idea of buying auctioned properties didn't really mesh with my investment thesis\n\nOnce you browse loopnet or crexi for a while, you see the same brokerages and same names over and over, it's best to contact those brokers directly and tell them what you want and what you're looking for so they reach out to you directly\n\nOnce you've closed a deal or two, then everyone is more confident", "replies": [{"id": "f9uzt8l", "text": "&gt;it's best to contact those brokers directly and tell them what you want and what you're looking for so they reach out to you directly\n\nThere's a tool that can help with this. You just send a link after calling the broker. It makes the broker's life easy. Not a substitute for building the relationship, but makes it easier for your name to pop up when the broker has a relevant deal.\n\n[https://targets.towerhunt.com](https://targets.towerhunt.com)", "replies": [{"id": "f9v15z4", "text": "Considering the brokers are getting commissions &gt;50k$ they should be working to make MY life easier haha\n\nI tried the site, put in my zipcode and nothing came up\n\nI think the problem with all these tools is no one uses them because no one uses them - very hard chicken/egg problem", "replies": [{"id": "f9v2953", "text": "I know what you mean, but there's way more capital chasing good deals than there are good deals. So you want to make the broker's life easy and be liked by him/her.\n\nThe tool just launched two weeks ago (I built it), so it's thin right now (try Boston). The chicken/egg problem is real for sure. But the whole idea is that you can just send a link with your targets directly to the brokers you deal with, who just press \"Follow\" and then have you on their (searchable) list. Give it a try.", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f9sm78v", "text": "Wouldn't it be nice if there was a simple platform for searching and listing that wasn't $500/mo?!?!?    I may or may not be working on something \ud83d\ude01\ud83d\ude0a\ud83e\udd2b", "replies": [{"id": "f9t9rf8", "text": "I'd like more info on what you're working on!", "replies": [{"id": "f9twna0", "text": "Feel free to message or email me.  I don't want to reveal too much, but will need a few brokers around the US to help!  Email is wade@funk.com.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f9sppgf", "text": "Completely off market firms, such as the one I work for", "replies": [], "depth": 1}]