The Build Show Podcast Building Generational Wealth, Literally
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Mar 7, 2025 Join Paul Atherton, CEO of High Spire and expert in helping builders transition into profitable real estate developers. He shares valuable insights on creating generational wealth through profitable construction businesses and smart real estate investments. Paul emphasizes the power of adaptive reuse projects and understanding cap rates for maximizing returns. He also stresses the importance of branding, anti-goals for work-life balance, and networking with brokers. With a strategic approach, builders can secure financial freedom for future generations!
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Three Pillars Of Generational Wealth
- Builders can turn their construction companies into wealth-building machines by combining profitable operations, strategic real estate investing, and adding value to assets.
- Paul Atherton argues selling a construction company at typical 1–2x earnings rarely creates generational wealth, so reinvesting into real estate is the superior path.
Development Isn’t Only Big-Lot Subdivisions
- Real estate development includes many formats beyond raw land subdivision, such as adaptive reuse, mixed-use, and value-add renovations.
- Builders can find high returns by repurposing older commercial or multifamily buildings to higher uses in growing markets.
Use Construction Skills As A Competitive Edge
- Leverage your construction edge: control costs, manage labor, and produce more accurate budgets than brokers or non-construction developers.
- Use your trades network and construction knowledge to avoid the cost overruns that sank many syndicators during COVID.
