Nevertheless, if the RAD investors  actually had loans  collateralized against property they would be in a much better position.

Hi Arthur, every property is unique.

Then look at places where you can buy those properties, and last investigate with HUD what is the section 8 rental in those areas.In that way, you will collect a lot of knowledge in the process.

Raising rents to $600 per unit would increase the value of the property approx. $200k. 

In terms of negotiating the deal, we looked at the property and its condition and negotiated the price down and eventually met in the middle.

For context I have a tenant who has been in the property for close to 10 years.

Do you have property managers and contractors who your clients have been using for over a year successfully?

My team and I are actively working on a hotel-to-multifamily conversion and growing our portfolio of value-add apartment properties.

The property's expansive lot further heightens its appeal.How did you find this deal and how did you negotiate it?

I'm interested in connecting with investors in the North Carolina market and share my knowledge and experience in generating cash flow properties.