Updated almost 10 years ago on . Most recent reply
Flipping laws in Virginia
BP,
I heard that Virginia has a law that states that in order to flip a house the owner/investor must hold a contractor license even if they have another contractor running the project. I tried searching Virginia's legal website (law.lis.virginia.gov) and found nothing stating that the investor needed a license. I understand why someone doing the work would need one. However, I don't see why a property owner would need one even if they intend to flip it. Additionally, I also heard that this would include landlords of rental properties.
Does anyone know the exact laws that state this, or if the laws was superseded/cancelled, or never truly existed? I'm really wanting to start flipping when I get back to Virginia but have never been a contractor.
Also do you have to have a Real Estate license to flip in Virginia?
Thank you for your time,
Chris H



