Loopnet.com a good source of potential income property?

10 posts by 7 users

Medium 1399599759 avatar edavt04 Edita D.
fort worth, tx, TX
262 Posts
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Edita D.

from fort worth, tx, Texas

Feb 05 '13, 04:02 PM


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



Medium 1437076695 avatar investor2009 Joseph M.
Real Estate Investor from Los Angeles, CA
384 Posts
60 Votes
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Joseph M.

Real Estate Investor from Los Angeles, California

Feb 05 '13, 04:25 PM


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.



Medium 1412209793 avatar brighterdays Karen Margrave
Brokers-Developers-Licensed G.C. from Orange County, CA
5535 Posts
2245 Votes
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Karen Margrave Moderator

Brokers-Developers-Licensed G.C. from Orange County, California

Feb 05 '13, 05:58 PM


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.



Medium tmg  1 Karen Margrave, The Margrave Group #00636992
E-Mail: [email protected]
Telephone: 949-933-3955


Medium 1450397118 avatar kahrlos Carlos Flores
Commercial Real Estate Lender / Syndicator from Dallas, TX
816 Posts
196 Votes
10 Awards

Carlos Flores Verified

Commercial Real Estate Lender / Syndicator from Dallas, Texas

Feb 05 '13, 06:56 PM


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.



Medium signature file200Carlos Flores, Old Capital Lending
E-Mail: [email protected]
Telephone: 469.458.0600


Joseph M.

Real Estate Investor from Los Angeles, California

Feb 05 '13, 06:59 PM


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.



Medium 1399665649 avatar seanbrenna Sean Brennan
Manchester, NH
429 Posts
68 Votes
3 Awards

Sean Brennan

from Manchester, NH

Feb 05 '13, 07:00 PM


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 MBA
E-Mail: [email protected]
Telephone: 603-722-4027


Sean Brennan

from Manchester, NH

Feb 05 '13, 07:02 PM


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



Sean Brennan MBA
E-Mail: [email protected]
Telephone: 603-722-4027


Joseph M.

Real Estate Investor from Los Angeles, California

Feb 05 '13, 07:03 PM


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



Medium 1448323178 avatar blackbelt Joel Owens
Commercial Real Estate Broker from Canton, GA
10243 Posts
5072 Votes
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Joel Owens Verified Video Moderator

Commercial Real Estate Broker from Canton, Georgia

Feb 05 '13, 10:33 PM


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.



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


Medium 1399374529 avatar alag Uwe S.
Property Manager from Dublin, OH
1556 Posts
280 Votes
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Uwe S.

Property Manager from Dublin, Ohio

Feb 06 '13, 01:09 AM


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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