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!
As a fellow GC, its been meaningless for my buy and hold strategies.
I think it entirely depends on your individual situation. For the niche I’m targeting, I can’t really do it without the GC license.
Everyone's path in REI seems very individual to me. You will know your own answer better than anyone else.
Thanks for the straightforward response. I was partly curious if people find subs work differently with a general contractor than with a rental owner. It sounds like you are a contractor from 9 to 5 so in your case they would see you as both I’m guessing. Currently, I am not working as a full-time contractor. Thanks again.
I appreciate your perspective. I certainly do have my opinion and thoughts on what would be best but, that said, there’s a lot of wisdom and experience here in the forums and I am just curious if someone throws something out there that I have not yet considered. Again, I appreciate your feedback.