New construction advice

[Aldo Ornelas]

Hey Guys,

This is such an awesome community. I wanted to get some direction and advice. I currently live in Albuquerque, NM. I am a licensed GC in which I have been able to grow my business very well in the last 2 years. With growth comes a lot more work and responsibility. I eventually would like to exit the construction industry and rely on my passive income as we all eventually would like. I'm looking into new construction for many personal reasons. I feel comfortable with running and managing an entire project. Any advice? Financing? Do's? Do not's? Words of encouragement? All critic and comments welcomed. This is a scary leap for me. 

[Brendan Miller]

@Aldo Ornelas I am in the ABQ real estate market also. I'm in commercial construction, and new construction has it's risks, especially if you're acting as the developer in the deal. I think there is a lot more opportunity for putting your skills to use with flipping in ABQ until you get experience under your belt. There are a lot more older homes that could use updating, which would allow you to use your construction skills and enter the real estate game. If you're not familiar with the BRRRR strategy then research on Google or BP