All Forum Posts by: Parker Fairfield

How to use Loopnet.com BUT NOT pay for their service.

Loopnet has great information, but for the parttime investor, like me, I have found a GOOGLE WORK AROUND that allows me to use their site for free.

When I become rich multimillionaire, I'll subscribe to their astronomical monthly rate... until them, I don't feel bad USING Loopnet for free

1) Goto Loopnet.com and do your search (I prefer the ADVANCED SEARCH)
2) Once you've got the results of your search, identify the property you want to "see" - (Loopnet lets you see a handful for free, then denies you and expects you to pay.)
3) COPY PASTE the street address, city, state of the property. DO NOT CLICK ON THE LINK .... JUST COPY PASTE THE street address, city, state
4) Goto GOOGLE and type in the
4A) "site:Loopnet.com" into the search engine, you will not delete this when doing this LOOPNET work around.
4B) paste in the street address, city, state that you copied.
5) Google it, for example, it'll look like this "site:loopnet.com 46 Main Street, Conway, NH"
6) in Google's search results, click on the link that takes you BACK to Loopnet ....

By doing this, you can review as MANY Loopnet properties as you want - FOR FREE!

I think you'll find, if you look in other states, that they are selling for different valuations .

That seems really high.

have you gone on Loopnet and looked?

How to use Loopnet.com BUT NOT pay for their service.

Loopnet has great information, but for the parttime investor, like me, I have found a GOOGLE WORK AROUND that allows me to use their site for free.

When I become rich multimillionaire, I'll subscribe to their astronomical monthly rate... until them, I don't feel bad helping you USE Loopnet for free

1) Goto Loopnet.com and do your search (I prefer the ADVANCED SEARCH)
2) Once you've got the results of your search, identify the property you want to "see" - (Loopnet lets you see a handful for free, then denies you and expects you to pay.)
3) COPY PASTE the street address, city, state of the property. DO NOT CLICK ON THE LINK .... JUST COPY PASTE THE street address, city, state
4) Goto GOOGLE and type in the
4A) "site:Loopnet.com" into the search engine, you will not delete this when doing this LOOPNET work around.
4B) paste in the street address, city, state that you copied.
5) Google it, for example, it'll look like this "site:loopnet.com 46 Main Street, Conway, NH"
6) in Google's search results, click on the link that takes you BACK to Loopnet ....

By doing this, you can review as MANY Loopnet properties as you want - FOR FREE!

@Jake Knight

Years ago (2002) I lived right near you (Cambrian area of SJ) .... and ran a construction company in Dublin.

I bought a Konica Minolta BIZHUB photocopier, printer for what you're talking about.

A) pay the monthly fee for the data - fairly cheap. 

B) Massage the data into your list

C) write your 'current' copy and put it into a template that the Konica Minolta sales/tech staff help you create (we did a LETTER SIZED TEMPLATE which we would then cut in half to get 2 post cards; the largest sized that USPS still considers a post card)

D) append to your telephone number an EXTENSION NUMBER. Everytime someone calls you ask (if they don't mention "Please transfer me to extension 12" - does it have an extension number? they say YES, 12) 

E) print it to your BIZHUB onto the CARDBOARD STOCK that was high quality for great photos, and thick enough to not get destroyed by USPS

E) cut the output cardboard in half

F) Mail with the cheapest rate you desire via USPS

when the prospect calls, the EXTENSION NUMBER lets you know the content you'd typed ... or the photo(s) that you put on the other side.

Works GREAT . . . .

I am American (www.gg.gg/PAFresume is me) live in China, and am looking at buying several pieces of property in the USA.

BACKGROUND:
I live in Chinaa and plan on having a property management company handling the properties.

So as I'm in NH taking 6 kids to summer camp (www.FairfieldTrips.org) at the moment, I found a great thread here - which is how I found this website -https://www.biggerpockets.com/forums/86/topics/166452-new-hampshire-areas-for-buy-and-hold#,


I want to buy up to a 4 unit MF home maybe 5-15% down; I qualify for the FHA First Home Buyer loan ... so I will put down whatever I need ... want Class B property that I can upgrade the units and turn into Class A.

Then I'll buy an investment property on a mortgage ... I have about $300,000 for that, and I plan on considering anything from 300k - 1 M.  
I am 100% focused on YIELD, and long term buy and hold. . .  Again, Class B, so that I can slowly upgrade to increase rents. 

For some reason, I'm really attracted to walking distance places to 'the center of town', possibly multi-use buildings

I want to buy them relatively close to each other so that I can have more leverage with the Property Management company I'll hire to manage them

Therefor, I'd love to hear your thoughts. . . .

I'm presently in NH (no sales tax, no property tax) and I've a friend that recommends it here .... I visit every summer so ... it'd be convenient. She is in Conway NH that rents out her townhouse ($125k purchase price) on AirBnB with crazy numbers (rents it about 140 days a year at $200 net a night, and after property taxes ($2500, and HOA fees of $250/mo) has NOI of $20,000, a yield of > 15%).

Sounds great for her, but I'm looking NOT at TOURISM related ... I want a building that is always rented to middle class renters, and/or service companies (insurance sales, dentist's office, whatever)

THE MID TERM GOAL:
Once I've purchased the two properties, and have some factual data on them, I plan on going to my network in China and getting investors in properties in the USA. That will allow me to:
- open a RE Agency to buy said properties for clients
- open a Property Management company to manage said properties
- open a Handyman company to handle changes, improvements for said properties

So if you're interested, connect with me. I'm going to build a team in the area I invest in.

I'd love to know anyone's thoughts on WHERE they'd go now, if they could go ANYWHERE for buy and Hold ....

@Jay J.

Superfund is the name of the US FED Gov't 'backed' clean up program of hazardous wastes

The problem is that they don't want to pay, and it's hard to prove that they did it ... espec. as it's not legal to sue the US Military

Anyway,

https://www.epa.gov/superfund/search-superfund-sit...

https://www.epa.gov/superfund/superfund-national-p...

I'm not interested in poor neightborhoods / high cap rate like that.
I'm interested in centers of downtown, LONG TERM tenants, and therefore lower (safer, more reliable) cap rates .... Initially whatever I can get (i've no idea what's good - but this building has had nearly CONSTANT occupancy for the last 5 yrs http://gg.gg/437wp )

I know that buying in smaller towns is the risk (and in that case, I'd want to buy with massive foot traffic, road traffic, and a key 'known' building.

BTW, how do I do the @ command to MENTION your name, @Percy ?

Thanks @Robert.

The #1 is sensical, now that you put it out there ....

The BEAUTIFUL point you made is #2, how does one measure that? 

This gets my "Thread of the Day" vote!

Excellent questions, and fantastic replies by @Karen Schimpf!

FHA allows you to buy UP TO a 4 unit property (as long as you ''intend'' to live in one of the units).
They assume you'll live in the largest one - in my experience.