As a real estate investor, it is vital to stay on top of market trends, property valuations, and new construction. It can be hard to keep up with the constant changes and overwhelming organic searches on your own. Luckily there are many online resources for commercial real estate investors. These resources can help build your online portfolio or give your pointers on rental income properties. Here are six essential online resources for your commercial real estate investing needs.
Realty 411 has a magazine publication and an online platform that allows real estate agents to explore options to grow their portfolio and talk about real estate management and network. They also offer a full blog to keep updated, guest speakers, and expos.
LoopNet specializes in commercial property data management. Real estate investors can use this website to search for potential properties based on type and location. This website also offers information on auctionable properties, current market trends, and upcoming designs.
National Association of Realtors
The National Association of Realtors is a diverse and inclusive organization whose makeup consists of real estate agents, brokers, property managers, appraisers, and other real estate professionals. They boast a robust backing and extensive database of statistical information. You can explore their articles and blogs to stay up to date or become a member.
Roofstock is a platform that aims to make property investment, sales, and management as easy and streamlined as possible. Real estate agents can purchase commercial real estate on the platform and post sales to an audience of over 200.
Spark Rental is a highly renowned tool used to assist commercial real estate investors in managing their rental property portfolios. This platform is a landlord app that allows tenants to pay rent, sign leases, and communicate with the landlord. The investor can review and propose contracts, screen applications and collect rent within the app.
Multiple Listing Tool (MLS)
Another popular tool used by real estate investors is the MLS. This tool allows licensed agents and brokers to list and view properties in one online database. It will enable you to sort properties by type, location, and cost. It also highlights essential features based on property cards from a licensed Assessor.
Websites Aren’t the Only Tool
Websites are not the only tool a real estate investor can use to track information on commercial property. Social media platforms are becoming more prevalent in today’s world due to technological advances. Many developers will advertise new properties and land for sale on these outlets to pool a wider audience. Think apps like TikTok, Facebook, Youtube, and Instagram.
Local Government Connections
Local officials are commonly aware of upcoming real estate developments or land for sale. This is because they often are the permitting authority for the work to be done on this land. Visiting your local assessor’s office or subscribing to their meeting calendar can inform you of upcoming developments in the pipeline, allowing you an edge over your competitors.
Ever Changing Sources
The internet is a fantastic resource for all real estate investors. Whether you are looking to purchase a multi-family property, a new pad site, or land in a commercially zoned area, the internet always has further information popping up to read.
If you have found a new commercial property you want to invest in and need the cash to do it, many options are available to you. Traditional lenders provide real estate loans regularly to clients, but these loans can take a long time to get. Alternatively, you can apply for a private non-bank loan specializing in real estate investments. Whichever choice you make, just ensure to do it after the proper research and education.