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?