Loopnet: Why is it called "where good deals go to die?"

[Issa Rice]

As I newbie, I often spend a good amount of time looking for real estate information and deals on multi-family. I have been to forums in person and on line, and they all say the same thing about LoopNet, which is "good deals go there to die." Now I have grown fond of LoopNet and I think they have good deals on  multi -unit investments. What I have notice is that some properties linger longer than others, but isn't that the case with any type of properties. I have also looked on Redfin, and Property shark. but I always go back to LoopNet. I live in Brooklyn, NY and property here is far from reasonable. I just want a better understanding as to why LoopNet has this title. As a beginner, with little capital, LoopNet has the most amount of deals within my reach. Looking for insight. Thank you 

[Chris Soignier]

Many of the best deals never hit LoopNet.    The commercial brokers will first shop the good deals to buyers they know w/ a demonstrated history of closing on their offers.   The less attractive deals, and ones that don't get snatched up by preferred clients, will end up on LoopNet.   If you want a better shot at the most attractive investment opportunities, it's worth developing relationships w/ local agents representing the biggest MF brokers in your area.