All Forum Posts by: Ian Slater

Hey BP Community, 

I'm looking at a project in upstate New York that will end up being a small (12 villa) hotel project with a main house with bar/restaurant and a pool. The property needs a full rehabilitation and every piece needs a gut renovation. I am up to now only a multifamily investor and was wondering if you had any suggestions as to how to finance such a project? Do these properties typically look to private investment? Commercial loans? Commercial loans? I'm a bit green in this area but it's a great deal and has opportunity to cash flow very well if done properly; I just need to figure out the financing aspect.

Hello, BP! New investor to the forum here introducing myself. I currently have one fully leased buy and hold in Providence, RI (on College Hill). I am looking to buy another but am completely open to partners as I am a full time real estate agent working in NYC. I manage and purchase the RI property on the side. The long-term goal is to move back there with a full real estate business but the market in NYC is too good right now to leave. I went to school in College Hill and believe tremendously in the value of the area and that there are great deals to be had. 

Any advice that anyone can offer to a young, hungry investor would be more than welcome! BP has already taught me a ton and opened my eyes to this world but I haven't yet properly introduced myself.