Off-market Commercial Properties?

[Akshay Bhaskaran]

Me and my wife are Residential Real Estate Investors for the past couple years. We have couple turnkeys, and couple of BRRRs that we did so far (all are single family residential properties with long-term tenants).

We are interested in exploring commercial real estate, and wanted to get all of your help in getting started. 

Some basic questions to start with:
1. Is there something like off-market commercial deals where I can search them (like Investorlift or New Western for residential) ? 
2. I did check Loopnet and it's all listed for sale by brokers and agents, so I don't think it is off-market -- right?

TIA. 

[Evan Polaski]

@Akshay Bhaskaran, off market deals, by nature are not marketed, so as others noted you have to work to find them.  As others noted, talk to brokers.  Call owners directly and send letters/mailers.  The process for commercial properties is basically the same as residential properties, so it takes work.

Again, echoing Dominic, a good investment is a good investment, whether you spent 8 months courting an owner to get them to sell to you, or whether it is on CBRE/Cushman/Marcus/Loopnet or any other brokerage website.  Most sellers that are open to selling you a deal off-market are just like I was with my rentals: the way to motivate them to sell is to give them a price HIGHER than they think they can get on the market.  Remember, if a deal is truly off market, you have an owner who knows they are able to sell and is choosing not to take the very simple step of listing it.  I know this is not all owners, but a majority fall into this camp.