All Forum Posts by: Grant T.

Those websites may be more challenging to find "good" deals, but there are still deals to be found. Trust your numbers rather than strangers on the internet.

 I would say I have bought 25% of my deals on market and 75% of my deals off market in Columbus, Ohio

Redfin pulls from local the local MLS which is mostly residential. Loopnet pulls from backend of Costar as an additional paid service where agents/brokers need to pay an additional $75-100/mo for it to show up on Loopnet. It is free to list on the back end of Costar.

I have found my best properties off market for myself and my clients. Networking with good investor friendly agents is invaluable.

 99% of the great deals are off market. I have done 100s and 100s and 100s, none where listed. Just go to the local forums and RE meetings 

All the best 

 I find the owners using a software called PropertyRadar. There are many out there that do the same thing but that's the one I went with.

Financials and any additional information needed to make an offer will need to come from the owner.

It's a lot of rejection but once you get the right owner on the phone you can get a sweet deal.

Best deals I've gotten were found off market by contacting multifamily owners directly and making them an offer.

They net more because no agents are involved and I'm the only one competing so I'm likely to get a better price.

I've gotten good deals on market but they come in one of two ways.

1. It's been listed for a while (or fallen out of contract 2/3 times) and I come in with a low offer that gets accepted.

2. I make a cash offer without 1 hour of the property hitting the market and make it expire by end of business day.

@Grant T. Best deals are always direct to seller. Identify your market and then go on Zillow and see if you can find any buildings that seem to have high vacancy paired with crummy online marketing. Could be a sign of a tired landlord. Search for the buyer and contact them. Also, if his loan is resetting, maybe even more motivation as high vacancy and high interest rates is not a good combination.

There is not one commercial listing on earth that is a good deal. Sellers are delusional and know they have to be beaten up until the property gets sold. You have to play the game with each and every seller.

@Grant T. My understanding is that Redfin only re-posts MLS listings of 1-4, just like Realtor.com And sometimes they are not as quick to update a listing once it has gone under contract or even sold.

Loop net is a different platform that posts commercial deals; any thing from retail, office to multifamily over 5 doors. Yes I have heard Loopnet is where deals go to die. But lots of good properties have been bought from there. Plus it is a good opportunity to form relationships with those brokers.

What are you looking for ?