Would becoming a General Contractor help me as an Investor?

[Alejandro Valdes]

Hello, I’m a real estate investor in the Miami/Fort Lauderdale area.

Now, my business model was to buy a 2-4 multifamily properties with 25% down that were fully rehabbed and ready to rent or already rented but i realize that it's a very basic and costly strategy and that I have been limiting my growth by tying so much of my money up into every deal so I've been looking into the BRRRR strategy but it's been literally IMPOSSIBLE to find a good and reliable General Contractor in my area. I was wondering if becoming a General Contractor would be beneficial. I've had my real estate license for years and it has certainly paid off big time.

Any input would be greatly appreciated.

[Aaron K.]

If you don't know construction then no, I don't know about your state but here I believe it is required to have 2 years journeyman level experience before getting the license.  It isn't like a RE license where you just auto save 2.5%-3% on every property.  You actually have to hire people to do the work and that may include subcontractors (which you can already do without a license) or employees which, unless you keep them busy you are unlikely to attract the top talent there.