Is Loopnet good for finding smaller deals?(5-30 units)
Looking to aqquire more units to my portfolio, are deals that are marketed there worth looking through or should I mainly be using loopnet to find brokers?
[{"id": "ilsn8fw", "text": "Feel like what\u2019s left on loopnet is the gsrbage", "replies": [], "depth": 1}, {"id": "ilsurs9", "text": "Loopnet and Crexi are solid to see the brokers who are listing the deals that fit your buy box. Reach out to them individually and you may be able to get on their pre-market email blast.", "replies": [{"id": "ilt3js9", "text": "Can you get onto Costar? Do exactly this to find brokers who have done similar historical transactions and put them on your contact list. I do this in reverse, we are exclusive listing brokers but I find brokers with pocket buyers this way.", "replies": [], "depth": 2}], "depth": 1}, {"id": "ilt6nj7", "text": "The first question you should ask, if this is a great deal, why is it in LoopNet", "replies": [{"id": "ilufa64", "text": "Weir everywhere.", "replies": [], "depth": 2}, {"id": "iluoa83", "text": "I find a lot of FSBO stuff and those sellers are super flexible with price and terms (terms more so) and you can negotiate direct without anyone in the way.  Yes, sometimes they need a reality check.", "replies": [], "depth": 2}], "depth": 1}, {"id": "ilt89ca", "text": "Drive around areas zoned Multi Family, write down addresses and look up tax records. Ask contractors at Home Depot who owns Multi Family props", "replies": [], "depth": 1}, {"id": "iltbh6r", "text": "Not really, costar is good for that.", "replies": [], "depth": 1}, {"id": "iltgmp2", "text": "Underwrite a LoopNet deal and submit an offer that makes sense. Periodically contact the listing agent until seller drops their price to your valuation", "replies": [], "depth": 1}, {"id": "iltjign", "text": "It can be useful. I know investors that have found deals on loopnet.", "replies": [], "depth": 1}, {"id": "iltyths", "text": "Loopnet is where bad deals go to die.", "replies": [], "depth": 1}, {"id": "ilu15jl", "text": "Loop net and Crexi often have deals that are pending or closed but the brokers won\u2019t update the listing. Instead they want to get you to call them and they can inform you of status but throw another deal in your lap. What area of country are you looking for?", "replies": [], "depth": 1}, {"id": "iluf2ow", "text": "Loopnet is trash", "replies": [], "depth": 1}, {"id": "iluwa66", "text": "Saw a commercial for sale on loopnet where a really famous pizza shop was operating and the owner of that pizza shop was basically selling the shopping center with the agreement of still operating the pizza shop \ud83d\ude02 gtfo i wanna operate that shop and  make some real money mofo. Loopnet is where crap deals are", "replies": [], "depth": 1}, {"id": "ilvn1ew", "text": "No, most good properties gets scooped up before it's listed, if it's on Loopnet, it's probably not a property you want. Work with a local agent who specialized in commercial real estate. If you have the money and interest, they will find you a property, get on their mailing list and they will email you properties as they become available.", "replies": [], "depth": 1}]