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Vikram C.#5 Off Topic Contributor
  • Real Estate Investor
  • Phoenix, AZ
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Loopnet vs Broker

Vikram C.#5 Off Topic Contributor
  • Real Estate Investor
  • Phoenix, AZ
Posted Oct 8 2009, 05:51

I am trying to figure out whether I should subscribe to Loopnet's premium membership or find a commercial broker. My goal is to buy one or more MF properties in the Sun Belt states with decent upside potential. Properties can be anywhere from $500K to up to $2MM or even more.

One advantage of going with loopnet is that I work quite hard and can spend a lot of time being thorough in evaluating all listings, including FSBO listings. I don't think a broker will put in the same kind of effort.

On the other hand, if I can find a really good broker, I can get local insight that would otherwise take me a long time to acquire on my own.

Any suggestions or advice?

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