NEW: BP Podcast 66: Flips, Apartments, & Protecting Yourself From Professional Tenants with Michael Blank

Hide this

From the BiggerPockets Blog

 BiggerPockets Blog »

Jump to Forum View All

Click a category below to view different forum categories.


General Info

BiggerPockets Q&A, Site Questions, & Announcements

1509 topics, 14384 posts — Last Post 04/17/14, 09:38AM

BiggerPockets Exclusive PRO Area

117 topics, 838 posts — Last Post 04/16/14, 09:08PM

New Member Introductions

10866 topics, 85416 posts — Last Post 04/17/14, 03:07PM

Real Estate Success Stories

393 topics, 6116 posts — Last Post 04/17/14, 02:27PM

General Real Estate

General Real Estate

Buying & Selling Real Estate

5917 topics, 46663 posts — Last Post 04/17/14, 03:06PM


645 topics, 5819 posts — Last Post 04/17/14, 02:46PM

Get Foreclosure Help - Help Stop Foreclosure Forum

316 topics, 2557 posts — Last Post 04/16/14, 03:58AM

Home Owner Association (HOA) Issues & Problems Forum

237 topics, 1609 posts — Last Post 04/17/14, 08:53AM

Do it Yourself

653 topics, 6259 posts — Last Post 04/17/14, 08:00AM

Reviews & Feedback

Real Estate Deal Analysis and Advice

3663 topics, 29359 posts — Last Post 04/17/14, 02:58PM

Real Estate Guru, Book & Course Reviews and Discussions

1132 topics, 11542 posts — Last Post 04/17/14, 02:50PM

Ask About A Real Estate Company

738 topics, 7304 posts — Last Post 04/17/14, 02:16PM

Real Estate Investing

Real Estate Strategies


5590 topics, 43675 posts — Last Post 04/17/14, 02:39PM

Rehabbing and House Flipping

3326 topics, 30925 posts — Last Post 04/17/14, 02:23PM

Real Estate Development & New Home Construction

551 topics, 4678 posts — Last Post 04/14/14, 01:02AM

Innovative Strategies

702 topics, 6003 posts — Last Post 04/17/14, 02:12PM

Tax Liens, Notes, Paper, & Cash Flows Discussion

864 topics, 6666 posts — Last Post 04/17/14, 11:59AM

Rent to Own a.k.a. Lease Purchase, Lease Options

691 topics, 4866 posts — Last Post 04/17/14, 01:31PM

1031 Exchanges

143 topics, 1052 posts — Last Post 04/16/14, 05:39PM

Foreclosure Investing

General Foreclosure & Pre-Foreclosure Forums

1686 topics, 11284 posts — Last Post 04/17/14, 12:36PM

HUD, VA, and Tax Sales

414 topics, 3088 posts — Last Post 04/17/14, 07:35AM


1214 topics, 10570 posts — Last Post 04/17/14, 02:28PM

Short Sales

1533 topics, 13117 posts — Last Post 04/15/14, 07:10PM

Landlord & Tenant Forums

Landlord & Rental Property Questions

7192 topics, 70611 posts — Last Post 04/17/14, 02:54PM

Mobile Homes & Mobile Home Park Investing

636 topics, 5127 posts — Last Post 04/15/14, 09:59PM

Investor Basics

Starting Out

7687 topics, 60348 posts — Last Post 04/17/14, 03:01PM

Investor Psychology

430 topics, 6092 posts — Last Post 04/14/14, 06:53PM

General Real Estate Investing

4712 topics, 37163 posts — Last Post 04/17/14, 02:38PM

Real Estate Investor Marketing

1730 topics, 14086 posts — Last Post 04/17/14, 02:55PM

Commercial Real Estate

Commercial Real Estate Investing Forum

1408 topics, 8979 posts — Last Post 04/17/14, 11:52AM

Multi-Family and Apartment Investing

1104 topics, 9178 posts — Last Post 04/17/14, 03:11PM

The Business of Real Estate

Real Estate Technology and the Internet

Real Estate Technology, Social Media & Blogging

638 topics, 4884 posts — Last Post 04/17/14, 02:08PM

Business Basics

Goals, Business Plans & Entities

829 topics, 7536 posts — Last Post 04/17/14, 12:22PM

Real Estate Finance & Legal

Financial, Tax, and Legal

Tax, Legal Issues, Contracts, Self-Directed IRA

2782 topics, 19991 posts — Last Post 04/17/14, 10:19AM

Property Insurance

309 topics, 2043 posts — Last Post 04/17/14, 08:42AM

Personal Finance Discussion

328 topics, 2727 posts — Last Post 04/17/14, 02:41PM

Loans, Mortgages, Credit Lines

Private & Conventional Lending Discussion

2828 topics, 19671 posts — Last Post 04/17/14, 03:05PM

Creative Real Estate Financing

1207 topics, 8762 posts — Last Post 04/17/14, 01:04PM

Crowdfunding Real Estate

35 topics, 455 posts — Last Post 04/14/14, 02:14PM

Real Estate Professionals

Real Estate Professionals

Real Estate Agents

1206 topics, 7953 posts — Last Post 04/17/14, 12:47PM

Bankers, Lenders, and Mortgage Brokers

441 topics, 1919 posts — Last Post 04/17/14, 01:58PM


267 topics, 1676 posts — Last Post 04/17/14, 03:11PM

Local Real Estate

Local Real Estate

Local Real Estate Networking & Recommendations

1983 topics, 11579 posts — Last Post 04/17/14, 01:24PM

Americans & International Real Estate

161 topics, 566 posts — Last Post 04/14/14, 11:19AM

Foreigners Buying in the USA

62 topics, 409 posts — Last Post 04/10/14, 06:27AM

Canadian Real Estate

64 topics, 426 posts — Last Post 04/16/14, 08:34AM


Real Estate Marketplace

Real Estate Marketplace

14999 topics, 53887 posts — Last Post 04/17/14, 02:41PM

Real Estate Events and Happenings

163 topics, 2469 posts — Last Post 04/17/14, 02:49PM


Off Topic


2902 topics, 32399 posts — Last Post 04/16/14, 03:07PM

Housing News & Real Estate Market

914 topics, 8351 posts — Last Post 04/17/14, 08:41AM

BiggerPockets Real Estate Investing Summit

97 topics, 1751 posts — Last Post 04/10/14, 02:27PM

BiggerPockets Resources

Forums » General Real Estate Investing » Loopnet vs Broker

Loopnet vs Broker

9 posts by 5 users


Real Estate Investor · Phoenix, Arizona

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?

Real Estate Investor · Leesburg, Florida

I would use both Loopnet and the Broker,
get all the information you can gather, then
you can get a better picture.

Real Estate Investor · Phoenix, Arizona

Thanks, Jim. I guess my next question would be: how do you go about finding a good buyer's agent who understands investors' needs? I already know the cities I am interested in. Just not sure how to find good agents in those cities.

Real Estate Investor · Garland, Texas

Vikram, I recommend both as well. After you buy what you want, you can cancel the premium Loopnet service. I've had it for a few years and it's helped me learn my market. I also advertise on it.

As for brokers, Dane my commercial broker was extremely valuable in helping me buy an office building, but he doesn't do much multi-family.

Jon Klaus, SellPropertyFast
E-Mail: [email protected]
Telephone: 214-929-6545

Real Estate Investor · Garland, Texas

And nothing beats going to the cities you are looking at. I know that's time consuming and expensive, but you are making some big commitments that justify really learning your markets.

Jon Klaus, SellPropertyFast
E-Mail: [email protected]
Telephone: 214-929-6545

Real Estate Investor · Phoenix, Arizona

Thanks, Jon. I am actually planning my trip to the U.S. for this very purpose. But I would like to have all my ducks in a row before I get there.

So far, I have figured out a small number of cities.
Now I need to get good brokers there. I then plan to short-list some properties and then check them out while I am there and make a decision.

If I first go to the city and then start doing the due-diligence, then I might end up spending months before anything concrete comes up. (And I am cheap - hate spending money on hotels without making progress.)

This long-distance investing thing is a bit complicated!

I recommend both as well. The more knowledge the better. As for finding a broker who can meet your needs I would find a CCIM who specializes in MF, make sure the Broker has the designation and is not in the process of completing it. Although there are many good Agents in any marketplace who do not have the CCIM designation, by going with an Agent with the designation you will know that you are getting an Agent who knows how to break down a property and at minimum can run a Discounted Cash Flow Analysis on property as well as someone who would have actually completed transactions where CCIM methods were used.

Designees go through a peer review analysis of the transactions they submit as proof of work completed and so you can feel a bit more confident that a CCIM has done work in the field and done analysis that is important when looking at investment property.

Hi everyone. To know the market is to create and increase market share. Use not both but all resources to gather the best information.
Broker is helpful but you are right about the hard work that you always would do. So guide him, observe him.
Also take a look at the market, introduce yourself that way you will learn & know more for the options to keep and leave.
Another thing you can do is keeping designated brokers for different locations. It can expand market easily.

Real Estate Investor · Phoenix, Arizona

Nick Brian, I have noticed that you have posted a whole bunch of very general posts in a variety of threads. I get the feeling that you are simply trying to market your services without being too obvious about it.

I think we would all appreciate it if you could reply to posts only when you actually have a specific and useful thing to say.

Sign up