peace to you all
just want to say this has been one of my favorite subs for a while but I'm outta here and wanna wish everyone best of luck....with all the shit going on, deals dying, rental income that was already fucked in the ass getting even more fucked deeper in the ass, this has got to be the worst time for real estate I've even seen in 15 years.  
started putting some cashes in the market and we'll see what happens.  good luck to everyone.  ABC.
[{"id": "fmnac46", "text": "see ya! more for me. hoping more brokers follow suit through all this", "replies": [{"id": "fmnfh1x", "text": "plenty of $$$ for everyone! always has been.  good luck.   gonna raise chickens and milk cows lol", "replies": [{"id": "fmnhfhr", "text": "sounds nice!", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fmnbyzc", "text": "Doing A Ok in Chicago residential multifamily", "replies": [{"id": "fmne7gm", "text": "I've seen so many juicy cook county deals in the past few months", "replies": [{"id": "fmnfenk", "text": "I don't like to buy what I can't touch.   which begs the question why am I putting money in the market", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fmnctat", "text": "This is when the opportunities arise.", "replies": [{"id": "fmnftdz", "text": "That's my outlook. It's easy to make money in a hot market. I'm looking forward to staying tenacious and honing my skills.", "replies": [{"id": "fmnq3a9", "text": "This downturn and the uncertainty around it has caused a lot of the stupid money to leave my market. Properties are receiving about 1/3 of the number of bids they usually get. I can't wait for people to start panic selling the assets they do have.", "replies": [{"id": "fmu606z", "text": "Speaking of stupid money, do you foresee an abundance of STNL owners who aren\u2019t seasoned in the business dumping assets to play the stock market?", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fmnd3xy", "text": "Peace to you too! We need to breathe deep, count our blessings, stay positive, and keep problem-solving.", "replies": [], "depth": 1}, {"id": "fmnf4ww", "text": "You make money in an upturn, you build wealth in a downturn. Peace", "replies": [{"id": "fmnf7ta", "text": "I've already made my money.  just want piece of mind more than anything else at this point of my life", "replies": [{"id": "fmnfm74", "text": "Well that is good then, Cause shit is going to be fucked here soon.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fmnflta", "text": "Grocery anchored retail and distressed asset funds are laughing all the way to the bank rn", "replies": [], "depth": 1}, {"id": "fmnico5", "text": "I have a community that\u2019s been cashing out, foregoing 1031 exchange, and sitting on cash for the past year just licking their chops at all this. Give it 6-10 months and the real value add plays will be ripe for picking. This is what the big boys play for.", "replies": [], "depth": 1}, {"id": "fmnj3hk", "text": "Our team had two sale transactions where the owner didn't want to budge a single buck for the last two years, last week we hit him up to see what are his expectations. Today we closed it and we are taking close to 500k in commissions.\n\nThere are always opportunities, but most people making big bucks during hard times it's because they've been in the industry for a long time.", "replies": [{"id": "fmno2cd", "text": "there's still money to be made and work getting done. but the volume is down.  just gonna be unsustainable for many folks", "replies": [], "depth": 2}, {"id": "fmnptfc", "text": "How big is the deal that your take home is so high?", "replies": [{"id": "fmnrzry", "text": "Where I live the standard comission for real estate sale is 5%, we had a 4% agreement with the owner. We had around $30,000 in direct marketing expenses which are taken before the split. The asking price of the property was around 16MM and we closed it around 13.5MM with a buyer who had previously offered 14.5MM for it before.", "replies": [{"id": "fmntce0", "text": "Wow. What kind of asset type?", "replies": [], "depth": 4}, {"id": "fmpa9hb", "text": "Nice, enjoy it man!", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fmnkssf", "text": "word", "replies": [], "depth": 1}, {"id": "fmouep6", "text": "Every investment comes with risk unfortunately.", "replies": [], "depth": 1}]