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#1
10-11-2006, 12:58 AM
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Anyone use LoopNet?
http://www.loopnet.com/?linkcode=10
Anyone use them to find good commercial RE listings? If not is there a better source? The slow season is starting and I have an itch to run some numbers.
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2006 CL500 2009 C300 4matic 1969 280SE 2023 Ram 1500 2007 Tiara 3200 
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#2
10-11-2006, 02:30 AM
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I use it pretty much everyday. It's a good resource. I wish it would map multiple listings.
Do you have access to the MLS?
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1974 240D 3.0L 4(M) - 250K -OM617.910 + 300D FW + Rajay turbo power! 1977 6.9 3(A) - 84k
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#3
10-11-2006, 07:44 PM
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No MLS access yet.
How is the $30 a month membership, is it worth $30 a month... 
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2006 CL500 2009 C300 4matic 1969 280SE 2023 Ram 1500 2007 Tiara 3200
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#4
10-11-2006, 07:54 PM
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I am not sure what the $30 a month service is. I think we pay $600 a year but that's because we list commerical properties regularly. The listings on the front page run $1k a month.
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1974 240D 3.0L 4(M) - 250K -OM617.910 + 300D FW + Rajay turbo power! 1977 6.9 3(A) - 84k
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#5
10-11-2006, 08:02 PM
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Interesting, do you sell comercial real estate?
I came across LoopNet last night and noticed its kind of like MLS, looks like some good inventory. But one wonders how often its updated.
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2006 CL500 2009 C300 4matic 1969 280SE 2023 Ram 1500 2007 Tiara 3200
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#6
10-11-2006, 09:51 PM
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I don't personally but perhaps in the near future.
 I work for a commerical real estate, commercial and multi-family property managment company, we're a one stop shop for everything but direct funding. But we have contacts for that too. Loopnet has the listing status (active, in mediation, off market etc) required to be updated every 30 days since some listings just sit there collecting dust. It requires you to verify when you log in so that they know people aren't putting up a bunch of inactive or sold properties to increase exposure. They do have a lot of listings and the presentation is very nice. The customer service is very good. The site does some of the breakdowns that MLS doesn't do like Price per Unit automatically when you are looking at listing information.
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1974 240D 3.0L 4(M) - 250K -OM617.910 + 300D FW + Rajay turbo power! 1977 6.9 3(A) - 84k
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#7
10-11-2006, 09:56 PM
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Ahh a managment company! Good ones are very hard to find.
I love comercial real estate, looking forward to buying some in a couple of years. How are the returns on cash flow property in your area? In my area smaller homes have some really cool cap rates, all negative! The bigger buildings are usualy 10% or higher though. Cash on cash returns seem to be the best on midsized to small buildings, say 5-15 units.
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2006 CL500 2009 C300 4matic 1969 280SE 2023 Ram 1500 2007 Tiara 3200
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