Renew Contractor’s License or Not

[Mark Johnson]

Do you think having a general contractor’s license a net positive or negative when working the BRRRR strategy?  I had my GC license for a number of years and did a fair amount of work with it, so I understand some of the pluses and minuses but not necessarily from a rental owner’s perspective.  I want to remain focused as a rental owner and not go too deep into the building/rehab side, but having some active income I think would provide certain tax benefits such as a self-directed 401(k), some right-offs, etc.  And yes … I am talking about being licensed in California, which as we all know,  has more than its fair share of lawyers running around. 

Thanks in advance for your perspectives!