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Updated almost 6 years ago on . Most recent reply

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Mark Johnson
  • Rental Property Investor
  • Sacramento, CA
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9
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Renew Contractor’s License or Not

Mark Johnson
  • Rental Property Investor
  • Sacramento, CA
Posted

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

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1,372
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Mark Fries
  • Contractor
  • Jacksonville, FL
2,199
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Mark Fries
  • Contractor
  • Jacksonville, FL
Replied

@Mark Johnson

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

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