What’s the best website or source to find newly listed CRE’s? LoopNet is hot garbage
[{"id": "f7g322t", "text": "What\u2019s everyone\u2019s thoughts on buying LoopNet property? \n\nI heard some deals can be good if their stake to buy at bargain price. Thoughts?", "replies": [{"id": "f7gfy0c", "text": "\"LoopNet property\" is just any property that the seller also posted on loopnet. Good deals may be more difficult to get if it's on Loopnet since everyone will see it and offer on it, I suppose.", "replies": [{"id": "f7kje0r", "text": "Feels like due to no listing fees, people just list overpriced properties hoping someone will bite. Most of the cap rates are inflated and I have never been able to find a decent deal on anything there, especially bellow a Mil.", "replies": [{"id": "f7ktl43", "text": "It's actually pretty expensive to have stuff on loopnet, but your point still stands", "replies": [{"id": "f7ku2ca", "text": "I guess I had it mixed up between self list and no list fee. Thanks", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f7g3ovr", "text": "Costar", "replies": [{"id": "f7g4mhe", "text": "How do I get login info?", "replies": [{"id": "f7gg8s5", "text": "Subscribe to their service.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f7g3pyi", "text": "CoStar. Not everything is on Loopnet but everything is on CoStar. For the most part, unless a resimmercial agent has the listing and only puts it on the MLS.", "replies": [{"id": "f7g4lwp", "text": "How do I get login info?", "replies": [{"id": "f7g4rsf", "text": "You have to buy a subscription. For a single market I think it runs ~$300 a month. Sounds like you\u2019re just a buyer of CRE, most brokerage shops cover the cost for the brokers. Just link up with a broker and work with them to find what you\u2019re looking for.", "replies": [{"id": "f7g4y4k", "text": "That\u2019s what I thought. So I guess I need a broker", "replies": [{"id": "f7g5m5k", "text": "It\u2019s your best best and they\u2019ll offer a ton of value on top of just running searches for you. You\u2019re looking for multi family though so make sure you find an expert in that asset class. Last thing you want is an industrial guy trying to help you buy a 10-unit.", "replies": [{"id": "f7g5ttr", "text": "What do you mean by an \u201cindustrial guy\u201d?", "replies": [{"id": "f7g61hm", "text": "Someone who focuses on industrial properties: warehouses, distribution centers, manufacturing..etc. Most of the brokers at the 4 big shops (JLL, CBRE, Cushman, Colliers) specialize in a single asset class in a specific geographical location.", "replies": [], "depth": 7}, {"id": "f8delhi", "text": "That'll never happen anyway with any big firm. They'll refer you to someone.", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}, {"id": "f7go2cq", "text": "And over $6k a month for the full country.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f7giho1", "text": "Uh how about the obvious: calling up a legitimate cre broker from JLL/HFF, CBRE, Eastdil, etc\n\nunless you're looking at junk properties lol", "replies": [], "depth": 1}, {"id": "f7gk04q", "text": "Real Capital Markets.  I\u2019ve done almost half a billion dollars in acquisitions in the past 12 months.  The big boys use RCM.  In my experience, anything on Crexi is junk, and CoStar/LoopNet is way stronger of a leading platform.\n\nhttps://www.rcm1.com/", "replies": [], "depth": 1}, {"id": "f7kyfiw", "text": "Commercial brokers primarily market deals via email -- especially as deal size increases above $5M. Some email \"teasers\" are fancier than others, but email is the primary medium. While some deals are also listed via the online platforms, the most attractive opportunities are only marketed via email (if they're not just handled off-market).\n\nBecause of this, networking with brokers in your target markets is crucial so that you get access to their emailed offerings. Ideally, you develop enough of a relationship that the broker gives you a heads up on relevant deals before they hit the market.\n\nThis networking job takes a lot of effort and organization to do well. There's presently a lot of calling, emailing, and in some cases even texting involved. And there's no good way to search for people by investment criteria.\n\nLast week, I launched a mobile app to make all of this networking much easier: [targets.towerhunt.com](https://targets.towerhunt.com). It's specifically designed for commercial real estate, and it's searchable. Please give it a try and ask any questions you'd like.", "replies": [], "depth": 1}, {"id": "f81jph2", "text": "You can check out Zumbly, they only offer within LA and Chicago though.  Prices are shown and calculated monthly costs are provided", "replies": [{"id": "f81mglv", "text": "saw Zumbly, kinda limited but the interface is good", "replies": [], "depth": 2}], "depth": 1}]