https://www.cnbc.com/2020/08/13/empty-apartments-in-manhattan-reach-record-high-topping-13000.htmlThe number of apartments for rent, or listing inventory, more than doubled over last year and set a record for the 14 years since data started being collectedWhile hundreds of thousands of residents left the city in March and April in the beginning of the coronavirus pandemic, brokers and landlords hoped many would start returning in July and August.July’s weakness, and what brokers say is already a slow August, suggests that Manhattan’s real estate and economic troubles could extend well into the fall or beyond.As I wrote about many times earlier, the migration from expensive city centers to more luxurious suburban / rural settings is solidifying.

I think that location lends itself well for it due to the proximity to the interstate and all the entertainment venues and restaurants nearby.

I worked in the restaurant industry for a little over a year when we went into lockdown.

And the property value will value jump easily to $1,000,000 if not more with the national tenant paying rent with a corporate guarantee NNN with escalations etc She can put a small downpayment that she can cash out after the tenant is in the location and she can repeat the process each time increasing her passive income till she gets to $10,000 net per month passively (this would be approximately 5 single tenant buildings that she will hold for passive income with full debt on each) Getting $10k/mo income is only hard if you use conventional ways in commercial or try to do rehab or wholesale in residential real estate which are very tedious, slow, competitive and exhausting Fastest growing tenants right now during COVID-19 are Quick Service Restaurants and btw the last deal I did with someone like this was in July the single tenant vacant property was under contract at $900,000 and now with a national tenant in it with the NNN 10 year lease and corporate guarantee and escalations etc it appraised at over $1,500,000The assignment fee paid was $60k for less than 25 hours of work by someone like your friend Again it does not happen on every property but it happens often enough with less hassles and more upside than any other strategy I have experienced and I have been in the business as an investor, a fund manager and an educator for over 30 years

Question for the more experienced and well versed agents / brokers here: With economic woes striking many communities in the United States, how can you as an agent best provide additional value to someone facing foreclosure?

Economic aspect, who knows.

Whether you want to argue on the % of Californians moving out, the bottom line is 10’s of thousands are moving out likely mostly due to many economic and political factors.

This is in a C working class neighborhood with many people that work in restaurants, construction and other manual labor type of jobs.

Hey BP community, I'm at a stage in my learning process where I am ready to pull the trigger on my first investment property, pending current economic uncertainties but that is a post I've seen covered plenty already so we wont get into that! 

Investors certainly spook and have various other needs for their cash when there are economic shocks like what we've experienced recently.