Lux Investing

How/Where can I effectively find listings on million dollar income properties across the States?

I am a absentee real estate investor interested in investing income properties in the states, in the range of $3-$10 millions. Since I am flexible on the location of the investment properties, and regional deal flow is minimal. Is there a solution where I could get my hands on sufficient deals/listings, so I could make prelimary decision/offer before I fly over to do the due diligence. Moreover, any method/clubs where brokers to contact me if they have listings of my interest. I am interested in positive cash flow (deducting management fees) properties, in or close to big cities. Residental and properties with improvement potentials are big plus. I am quite flexible on partnerships, investment size and ideas. Welcome comments apartment buildings and potential improvement are a plus.

Public Comments

1. There really is no great commercial real estate listing system in the US. The most comprehenisve is probably Loopnet.com, which tries to aggregate thousands of listings across the US, and has a very nice interface to allow screening of investment opportunities as desired. Once you're a member of Loopnet, they allow you to designate the types of properties that interest you, then whenever one that meets your criteria gets entered in their system, you are automatically notified. Loopnet is not all inclusive and it certainly isn't perfect, but it is the most comprehensive system out there right now. Other than that, you'll have to work the local networks of commercials agents, investors, bankers, and others involved in commercial real estate transactions. And that is no picnic either.
2. What are you interested in: Homes to fix and resale or apartment buildings.
3. I don't mean to sound crass... but this board is probably not a place where you will get a quality answer to your question as I don't feel too many successful investors in your price bracket hang around on the internet answering questions (although I could be wrong). I once heard it said: "if you want to make a million dollars, who will you ask advice from? Someone making 30K a year, or a multi-millionaire?" You have to be careful who you take advice from because good advice and bad advice both look the same on the surface. I would recommend finding REI clubs in your target area and make connections first. Then plan to 'hit the streets' and at least get familiar with the market you're wanting to invest so that when you are presented with an offer, you are more likely to be able to spot good deals from bad. http://reitoolreviews.shoutpost.com