Am I required to get a GC license as a rehabber?
I just finished my first flip and am in the process of selling it. I'm already looking ahead to my next flip.
For the first one I was working full-time at a bank, and didn't have the time to organize it 100% by myself, so I hired a GC.
I'm considering options for the next flip. One of which is to work on it full-time myself. I would hire out the skilled labor, but do the majority myself. I would also consider paying myself a wage from the rehab budget, either as an individual or through a second company that I make for the purpose of submitting the labor invoice.
My questions are as follows:
1) Would I need to get a GC license for this, especially if I own the property?
2) Would, or do you, take paycheck for labor when you do rehabs?
Disclaimers: I live in WA state, and will be getting my RE license next week.
Thanks guys!
- Robert