Peter Pasternack
FAR 142 Expected Air Date: 04/14/18 Opening Hello everyone. Today we are excited to be joined in a few moments by Peter Pasternack, former star of A&E\u2019s Flip This House. Still an active investor in Atlanta, Peter has taken time from his busy schedule to join us this evening at Flipping Atlanta, the local networking group sponsored by Flipping America (crowd yell). Growing up in Connecticut, Peter Pasternack came by his entrepreneurial spirit very early on. Peter\u2019s parents owned and operated a Dunkin\u2019 Donuts location as well as a fast food restaurant in the West Hartford area. From an early age Peter had a knack for numbers as he assisted his father with payroll for both businesses, even processing payroll checks himself starting at age 5 when his parents were away for vacations. Peter\u2019s love of numbers lead him to the University of Georgia where he earned undergraduate and master\u2019s degrees in accounting. Upon graduation he began his career at Price Waterhouse in Atlanta before transitioning to the banking industry where he gained over 20 years of experience. From this He financed over 500 businesses and saw firsthand why some ventures succeed and many fail. In 2005, Peter co-founded Foundations Design, LLC with his best friend and business partner, Brian Trow. The award winning company designs, builds, and renovates residential properties in the Greater Atlanta area. Peter is responsible for the operational and financial aspects of Foundations Design as well as the long term growth of the company. The initial success of Foundations Design and some fortunate timing led to a leading role on one of television\u2019s most recognized real estate investment and home renovation shows, A&E\u2019s Flip This House. On the show, Peter is routinely seen integrating his business savvy with trademark enthusiasm. He has been called upon to offer his knowledge and experience to prospective entrepreneurs and real estate investors through national and local media outlets such as Fox Business Channel, Georgia Society of CPA\u2019s Magazine, and Business World Magazine in addition to various speaking and radio engagements. In 2010, as the real estate economy was struggling to recover, Peter and Brian saw an opportunity to assist others in their local market of Atlanta. Real Estate Connections, a monthly networking event, was created to facilitate a positive atmosphere where real estate professionals and real estate related industries could join forces to network, share ideas and strategies, and ultimately grow their businesses. Over its 7+ year history, Real Estate Connections has continued to grow and influence thousands within the local real estate community to the point that the average attendance is 350-400 people. This is just another example where they have seen market needs and worked to fill the void. On top of two businesses, in 2017 Peter and Brian finally decided the moment was right to harness all they had learned through the years and pass it on to the next generation of real estate investors. Along with Denny Faircloth, The Investor\u2019s Blueprint was formed to educate and inspire seasoned and new investors alike while taking them through the ins and outs of the real estate investing world. It is the perfect format to showcase Peter\u2019s knowledge and infectious attitude for real estate investing and business in general. Peter has worked diligently for his many achievements and believes in passing on the information that has made him so successful. He is excited about sharing his knowledge and skills in making money and believes strongly in the entrepreneurial spirit. How to Reach us www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Announcements:
- My upcoming speaking engagements:
- April 21, FlipStarter Atlanta
- Details on the website and at FlipStarterEvent.com
- Peter Pasternack.
- You\u2019re not going to make tomorrow great by spending today dwelling on yesterday.
- Ronald, Memphis, TN \u201cAbout 40 minutes west of here in a little town called Forrest City, Arkansas, they are opening up a new textile mill with a big investment from China. I own some rentals here in Memphis and have been thinking maybe I should be looking at some over there. My concern is the new factory is the main source of income for the town. If it closes, the town will struggle again. What are your thoughts?\u201d
- Annetta, Milwaukee, WI \u201cI\u2019m about to pay cash for my first rental property, a small duplex here. A friend told me I should borrow the money even though I have the cash to pay for it. Something about the power of leverage. He didn\u2019t explain this in a way I could understand. It makes me a little nervous to borrow money for something like this, but I\u2019m open to your thoughts.\u201d
- Bill, Redondo Beach, CA \u201cIt\u2019s tough to find deals right now. What are your best sources for deal flow?\u201d
- Lena, Harrisburg, PA \u201cThe market here is so hot, it seems like I could just stick a sign in the yard and get the house sold without paying commission. I\u2019m wondering why use a Realtor?\u201d
- James, Lexington, KY \u201cQuick question: Stage? Or not?\u201d
- Robert, Morgantown, WV \u201cI\u2019ve flipped a few houses here and it went ok. I heard you talk about remote flipping. Should I be looking into that?\u201d
- Eduardo, Las Vegas, NV \u201cI\u2019ve just been told that my contract, which ends June 30th will not be renewed. I\u2019m an independent IT contractor. I\u2019ve been interested in real estate for some time now. If I jumped in now, could I conceivably be making money by the end of the summer? I\u2019m single and have enough put aside to maintain my lifestyle for a few months but will need income by the end of the summer to maintain a comfort level.\u201d