Hi everyone.
I’m primarily an internet entrepreneur. But I have a strong interest in commercial real estate investing… but I have yet to take my first plunge yet.
I have a question for my fellow commercial RE investors here. I’ve noticed L00pnet and CoStar are both kinda clunky. (i.e. developed in the ancient ages of internet … i.e. 1999 or so) I was thinking of creating a web 2.0 type of L00pnet … stuff that I look for personally.
So on my site, I would create a tool for investors to
-
discuss a particular deal w/other fellow investors… or better yet, look for equity partners
-
not have to download PDF to view it (there are ways to view on the browser w/having to download the PDF or the acrobat reader)
-
do some auto calculations for the investor ( IRR, CCR, ROI, etc) on the fly so the he/she doesn’t have to manually do them
-
submit deals online (well, at least LOI) and leave vmail for the broker online
-
display geographical data (i.e. income, age, sex, etc. of people living near apt xyz) as a picture as opposed to doing it in text
-
alert/notification for newly posted deals depending on investor criteria… etc…
-
More extensive info for brokers (kind of like… LinkedIn profile for brokers)
Most of all… it would be FREE!!! None of that monthly subscription BS.
These are things I would find useful myself.
What do you think?