Resources to hunt for commercial properties

[Alizain Ali]

Hi all, I’ve been following Bigger Pockets for quite some time, but finally deciding to make a leap into commercial RE. What are some good resources besides Loopnet when hunting for deals? Mainly interested in sites within 200 miles of Austin, Texas. Any help would be much appreciated! Thanks in advance!

[Joel Owens]

You have to further clarify what you are searching for. Commercial encompasses many specialty asset classes.

A DEAL could mean anything. I have a syndicator that needs an 8 cap on retail but can buy 10 to 15 million in price. Another buyer however is already high income per year 1 million plus and will pay a lo cap rate just to have valuable dirt to hold for decades with estate planning.

So you really need focus with specific criteria to create a strategy.