Havent been able to find this video where Ron talks about buying something off loopnet and flipping it fpr 3 times what he paid– anyone know what jes talkong about?
Thank you Ron. I liked how you used the price and square foot numbers to start your investigation. I know Loop Net web site well, and if you do subscribe to it you get great deal of information easily and quickly. But you must call for verification. Mario Acevedo, WA. State
@Taj Mohamed—Ron’s video regarding property bought and sold for 3x as much is on previous lesson in the commercial training. I recommend you go back and listen to lesson 2-5 as he gives examples of these deals while providing ways to create No Money Down strategies to purchase commercial property.
Paul, you probably found this out – in Canada a residential is anything under 8 units; in the States it’s usually anything over a 4 plex. Other countries are different.
Dmitry, you have probably found this out by now, but MLS systems are usually used for residence – single family, condo, farm, etc. They are designed for residential realtors. A multifamily unit (over 4 units) is a business, hence, commercial. You won’t find commercial properties on the MLS, as a rule. The brokers are different, the deals are different, the market is different. MLS is a waste of time for commercial b/c it’s usually a residential broker listing and doesn’t know how to work a commercial deal.
Juan, a low CAP rate means that the building is making a profit and a well run property. Maintained, managed and leased very well. They are prime investment targets for very ‘hands off’ investors like REIT’s, pension funds and insurance companies. A high CAP – because the CAP is the rate of return on your investment, right? You invest $100,000 for the building at a CAP of 4%, you can expect a 4% return on your money every year – low return, safe investment. You invest $100,000 in a building with a CAP of 18% and you can expect an 18% ROI annually – a high CAP is a higher risk (problems with the building, zoning, management, etc). So a *high* CAP can be good, or it can be dangerous, it depends upon if you know what you are doing, and you can solve the problems profitably. Make sense?
Been on loopnet for several years..on the free service, first time I have heard that I’m only looking at a tiny percentage of the deals available. Never even thought to look into the paid version…UNTIL NOW.
Loopnet is a great site.
FYI Loopnet says that their free site only gives you access to 20% of their listings. For $40 per month you’ll get 5x as many listings.
Loopnet is a business too Asking for $480/yr for listing info you dont have is not unreasonable
Loopnet is great
Great resource!
Great point regarding MLS vs. Loopnet and their applications, Ron. I also am encouraged by the broker networking as I wasn’t thinking that direction.
As a realtor I agree with Ron’s approach too
first ive heard of loopnet. thanks Ron.
Not a surprise businesses like Loopnet have a small user audience
Havent been able to find this video where Ron talks about buying something off loopnet and flipping it fpr 3 times what he paid– anyone know what jes talkong about?
Great points I wasn’t thinking that direction.
that’s why he’s Ron, great points are what he comes up with
Thank you Ron. I liked how you used the price and square foot numbers to start your investigation. I know Loop Net web site well, and if you do subscribe to it you get great deal of information easily and quickly. But you must call for verification. Mario Acevedo, WA. State
@Mario Acevedo thanks for the heads up on Loopnet info
I did to Mario. I like how he used the price and square foot numbers to start his investigation. And I agree you must call for verification!
Thanks for the website.
Thanks Ron.
never doubt the master . but sounds really easy. i know i need to some research
I’m sure Ron will love the new moniker
Thanks for the info, Ron
Ron one great video!
Edward Haberthur is right great video
Thanks for the info on Loopnet. Looks like a great resourse.
@John Rogers no doubt it is a great resource
Good stuff..
I agree it is good stuff TY Ron
Gotta check Loopnet! Thanks for your sharing.
Thanks again Ron.
I went on the website and seen a building with 100% occupied, 6,250 sf at 88 dollars and asking price for 550,000. Is that a good deal or not
@Christopher Carrington the question you ask is too simple Is it a good deal for what? buy and hold? wholesale? partner?
@Christopher Carrington I think you would do yourself a service by researching the process more in depth
This is Awesome.
This is Awesome!
Excellent – thank you Ron!
Totally work at home. Love it
Loopnet is awesome. I like cityfeet.com as well!
@LaTanya Graves thanks for cityfeet.com tip
@Taj Mohamed—Ron’s video regarding property bought and sold for 3x as much is on previous lesson in the commercial training. I recommend you go back and listen to lesson 2-5 as he gives examples of these deals while providing ways to create No Money Down strategies to purchase commercial property.
@LaTanya Graves good advice
This is a great video, what a way to sit in the comfort of your own house to find real estate deals.
You know what this is good for? Stay at home parents, whether they are mom’s or dad’s would benifit from this.
Thanks for the amazing resourse.
This is great. Work at home to get leads. Love it. I didn’t think of it this way
OK…loopnet and cityfeet. Does anyone have another commercial source???
Sifting and sorting, screening and pre-screening…hey VA…I got something for you.
great content. I’ve loopnet from a few other sources. Thanks ron.
So Your Telling Me That Loopnet Gives You The Brokers As Well?
You Put In Multifamily In The Beginning At What Point Does It Become Commercial? Anything Over 5?
Paul, you probably found this out – in Canada a residential is anything under 8 units; in the States it’s usually anything over a 4 plex. Other countries are different.
What’s the % or stuff on mls vs loop net
Dmitry, you have probably found this out by now, but MLS systems are usually used for residence – single family, condo, farm, etc. They are designed for residential realtors. A multifamily unit (over 4 units) is a business, hence, commercial. You won’t find commercial properties on the MLS, as a rule. The brokers are different, the deals are different, the market is different. MLS is a waste of time for commercial b/c it’s usually a residential broker listing and doesn’t know how to work a commercial deal.
As always, Great info!
Loopnet is a great site and I like the cityfeet.com site also.
I agree Loopnet is a great site.
I agree Loopnet is one of my favorite sites.
This is awesome. Great way to look up deals especially in the comfort of your home.
Good Stuff. Thanks Ron!
Ron, this systemplate of yours is truly high-powered, I love it already. Thank you.
Ron Bridges
Student of The Gold Club. March 19th, 2016
I agree this is truly high-powered!
Always great training and valuable information.
Thanks
Networking with other commercial investors is also very powerful. Many times these are the people you can partner with.
Why is a high CAP rate not good?
Juan, a low CAP rate means that the building is making a profit and a well run property. Maintained, managed and leased very well. They are prime investment targets for very ‘hands off’ investors like REIT’s, pension funds and insurance companies. A high CAP – because the CAP is the rate of return on your investment, right? You invest $100,000 for the building at a CAP of 4%, you can expect a 4% return on your money every year – low return, safe investment. You invest $100,000 in a building with a CAP of 18% and you can expect an 18% ROI annually – a high CAP is a higher risk (problems with the building, zoning, management, etc). So a *high* CAP can be good, or it can be dangerous, it depends upon if you know what you are doing, and you can solve the problems profitably. Make sense?
Awesome!
Gonna start doing this tonight!
I’m looking forward to bringing some deals to the Commercial Property boot camp!
love these lessons!
LoopNet does have a bad rap.. but it’s a good place to find brokers who can send u their pocket listings
Been on loopnet for several years..on the free service, first time I have heard that I’m only looking at a tiny percentage of the deals available. Never even thought to look into the paid version…UNTIL NOW.