Wilsonville, OR · Member since 2018 · 22 posts · 1 vote
If there are any real estate investors in Oregon I would love your input please. We are thinking about flipping some homes here in Oregon and have been trying to find out whether we can just hire the people we need to do the work or do we need a contractor's license.
I have looked a little into it and saw that in order to be a contractor for residential properties, you need to purchase a $20,000 surety bond. We really do not want to do that for just a few houses.
I have looked through the Oregon Secretary of State pages and cannot find any information about this.
Like I mentioned above, I would appreciate any information to help clarify this for us or even allowing us to pick your brains a bit.
Real Estate Agent · West Linn, OR · Member since 2018 · 54 posts · 38 votes
7y
You can get a developers license instead if you are highering contractors to do the work. I think you still have to be bonded and insured, but it might be less $ or work than the GC license
Wilsonville, OR · Member since 2018 · 22 posts · 1 vote
7y
Thank you Nels. I was under the impression that a Developers license was for building new homes and neighborhoods. I will look into that as well. Do you know if you must have some kind of license to flip a home?