At PURE Property Management, we understand the difference the right team makes. Recently, our Vice President, Jock McNeill, sat down with Peter Pasternack, a seasoned investor, CPA, and founder of Real Estate Connections Group.
Their conversation revealed a simple truth: when you build a Dream Team, you set yourself up for real estate success. Here’s what they shared—and how you can apply it.
Why Your Dream Team Matters
Real estate investing isn’t a solo game. It thrives when you surround yourself with experts: real estate agents, property managers, attorneys, tax professionals, contractors, and lenders. Each lightens your load and sharpens your decisions, leading to stronger outcomes.
Peter Pasternack’s Journey: Lessons You Can Use
Peter’s career began at Price Waterhouse as a CPA. He spent 20 years in banking, then built an impressive real estate record—over 500 flips without a loss. Here’s what he recommends:
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Start Simple, Then Scale: Begin with cosmetic updates like painting and flooring before you dive into complex renovations.
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Stay Loyal to the Numbers: Never let emotions overrule math. Set clear financial targets—like a minimum profit and a required ROI—and stick to them.
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Master Multiple Strategies: Markets shift. Investors who understand flipping, renting, and co-living have more options when conditions change.
The Three Core Rental Strategies
Peter breaks down three main approaches:
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Long-term Rentals: Offer steady income with lighter management needs, which is good for building reliable cash flow.
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Short-term Rentals (like Airbnb): Bring in higher income but require more management and careful handling of vacancies.
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Co-living Spaces: Create strong returns through multiple residents, balancing cash flow with stability.
Choosing the Right People
The quality of your team defines the quality of your results. Focus on these roles:
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Realtors: Look for agents who specialize in investment properties and know how to spot real opportunities.
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General Contractors: Find contractors with strong track records, clear communication, and financial stability. They’re the hardest—and most important—to choose well.
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Property Managers: Consider them the anchor of your team. Good managers keep properties well-run, residents happy, and profits on track.
Networking: Your Secret Weapon
Peter built Real Estate Connections Group in Atlanta to help investors collaborate, share resources, and grow stronger together. Jock highlights how PURE’s national network does the same—connecting investors with trusted professionals across markets.
How to Break Through Plateaus
Everyone hits roadblocks. Peter suggests diagnosing what’s stopping your capital, connections, or fear—and finding creative ways around it. Joint ventures or co-living investments can offer new growth paths when traditional ones stall.
Watching the Right Trends
Great investors monitor local activity, such as building permits, new construction, and changing neighborhoods. Peter loves transitional areas, where early investments often rise the fastest as communities develop.
Final Takeaways
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Build Your Team: Success is a group effort.
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Trust the Numbers: Emotion doesn’t drive returns—math does.
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Expand Your Network: Growth comes faster when you connect with others.
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Stay Flexible: Markets change; your strategy should too.
At PURE Property Management, we’re proud to be part of the team that helps investors succeed. With the right Dream Team behind you, real estate becomes profitable and truly rewarding.
