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Updated almost 6 years ago on . Most recent reply

Renew Contractor’s License or Not
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!
Most Popular Reply

@Mark Johnson
As a fellow GC, its been meaningless for my buy and hold strategies.