Need advice on new construction vs flipping

[Shayla Collins]

I’ve done two rehabs and am considering doing a new construction single family home in the spring. My rehabs were both pretty touch. One should’ve been a tear down as we had to rebuild the foundation and replace most of the framing.

What do I need to take into account before venturing into new construction? In what not so obvious ways does it differ from rehabs. I want to make sure it’s a profitable venture. I’d love to hear from investors who’ve successfully navigated this sector of real estate. Please shoot it to me straight. I’d rather be discouraged away from doing it than getting in over my head.

Thanks!