Foundations Design, LLC Real Estate Investing A New Era Peter Pasternack Foundations Design, LLC
The Principals Featured on A&E’s Flip This House Peter Pasternack - CPA, banker Brian Trow - GA licensed contractor Unique, 360 partnership Strong presence in the Atlanta area Nationally recognized investors Superior quality, craftsmanship, trust, integrity
Foundations Design Background Formed in 2005 as RE investment company Initially focused on distressed properties: Purchase, Renovate, & Resell Expanded from smaller projects to large renovations and new construction Custom home construction/renovations GA licensed general contractor
Buy & Hold Team Structurally sound conditions preferably - General contractor - Home inspector - Property management Structurally sound conditions preferably Cosmetic changes only - paint, carpet, lighting Typical repairs $10k - $15k Good cash flow
Flip This House! Difference between a renovated and older home Ways of increasing home value Selling price differential between 2BR/1BA & 3BR/2BA Characteristics of renovated homes - Garages (one or two car) - Appliance package (stainless steel) - Flooring (hardwoods) - Fencing (backyard)
Simple Repairs vs. Costly Repairs Simple repairs: Paint - interior and exterior Flooring - refinish hardwoods, new carpet Lighting - new lights, ceiling fans Costly repairs: New mechanical systems Foundation repairs/replacement Lead based paint abatement
Flip This House Before & After
Flip This House Before & After
Flip This House Before & After
Flip This House Before & After
Flip This House Before & After
Investment Worksheet After Repair Value (ARV) $200,000 Less Expenses: Holding Costs/Realtor Fees * $20,000 Repairs $75,000 Cost to Acquire Property $65,000 Total Expenses ($160,000) Total Profit $40,000 * Assume 10% total of ARV
Contact Information Foundations Design, LLC 6106 Barfield Road Atlanta, GA 30328 800-645-7249 info@foundationsllc.com Visit us at www.foundationsllc.com