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Forums » Buying & Selling Real Estate » Loopnet.com a good source of potential income property?

Loopnet.com a good source of potential income property?

10 posts by 7 users

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· lubbock, Texas


Hey guys!
Have you used loopnet to locate your next investment property? Or maybe realtor.com? Or would you recommend just contacting a realtor in the target area and requesting some MLS listings?
Thanks!
Edita



Real Estate Investor · Los Angeles, California


Loopnet is for commercial real estate.

So you won't find many Single family homes on there. Not sure if you are looking for commercial property or not. Generally it seems loopnet prices are pretty high. Realtors/Brokers do list on there but there seem to be a lot of investors/flippers that post ads on there as well.



Developer · Orange County, California


We have used Loopnet many times in the past to list our commercial properties for sale. As far as listings, they are a good source for commercial listings. However; I've been going around with them lately because there's an agent in San Clemente that is advertising properties that aren't his. Not only are they not his listings, he knows that they were foreclosed on and sold, and he continues to advertise them. When I called the broker he told me to send in an offer. When asked if they were listed and if he had authority to represent them (I knew they had already been sold from researching them) he skated around, saying I could send him an offer.

I notified Loopnet a few times, and also emailed the broker telling him he should take the ad down. They're still on there, under the street Chula Vista.

It's the only time I've had a problem with anything listed on Loopnet.


Karen Margrave, Parlay Investments, 1st American Construction
E-Mail: [email protected]
Telephone: 949-933-3955
Website: http://www.parlayinvestments.com
PARLAY: definition: to increase or otherwise transform into something of much greater value


Real Estate Investor · Dallas, Texas


I wish could see all the listings on Loopnet, but alas I don't have Premium Subscriber access. From what I've seen, the prices do seem high as mentioned above.


Small_dreamstime_l_17553651_-_copy_crCarlos Flores, Stronger Communities Alliance, LLC
E-Mail: [email protected]


Real Estate Investor · Los Angeles, California


Carlos, I have the same problem. I think with the free subscription you only see 1/3 of the properties on the market.

It's $50 a month if you sign up for a year subscription or $83 a month for monthly.



· Chelmsford, Massachusetts


Loopnet is a very popular listing service for commercial property in my market. Our mls also has alot of commercial listings but they are smaller properties.


Sean Brennan,
E-Mail: [email protected]
Telephone: 617-620-4224
Commercial RE Appraiser and Wannabe Investor


· Chelmsford, Massachusetts


Also, ever since Costar bought them out there fees have doubled.


Sean Brennan,
E-Mail: [email protected]
Telephone: 617-620-4224
Commercial RE Appraiser and Wannabe Investor


Real Estate Investor · Los Angeles, California


True, I am sure the reason they can charge the prices they do is because they don't really have any real competition.



Commercial Real Estate Broker · Canton, Georgia


Edita it depends on what you are looking for. Retail, multifamily, triple net??

Some properties are posted on LoopNet but not all. I do have a premium membership so that I can access all properties. It's just a cost of doing business.


Small_allworldrealtyJoel Owens, All World Realty
E-Mail: [email protected]
Telephone: 678-779-2798
Website: http://www.AWcommercial.com
www.AWcommercial.com 678-779-2798 [email protected]


Real Estate Investor · Dublin, Ohio


Originally posted by @Sean Brennan:
Also, ever since Costar bought them out there fees have doubled.

Time to breach this madness of profiteering.

-Uwe





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