LoopNet for Multifamily???

[Benjamin Kaufman]

Any experience using LoopNet to purchase multifamily properties? And what type of loan options are out there for purchasing 5-30 unit complexes?

[Spencer Hilligoss]

@Benjamin Kaufman - Loopnet can be handy for analysis (underwriting) practice fodder and as a means of connecting with local brokers (once you are ready to speak with them competently). The only folks i've talked who have found deals on LoopNet have a system and a team member who analysis dozens/hundreds of deals and know that they'll have to work through that many to find a workable deal

Loopnet is a valuable resource, I just wouldn't spend time there expecting to find a deal. when I was getting started, I would spend time there to analyze deals, work on my underwriting and practice building credibility with brokers. It's good for that.