Should I get my General Contractor License?

[Blake Novotney]

Hi everyone,

I'm hoping to get some input from some others possibly in a similar situation and hear your experience. I am currently a licensed agent, that is my "full-time" occupation that I earn the most income from. I plan to continue growing this career and don't see myself stopping for quite a few years. I am also building up my investments as fast as I can, which works out great with being an agent. I have been part of a few flips, and working on a personal Airbnb in the coastal town I live in as well. 

I have been working on houses most of my life, but right now only my own and maybe occasionally helping out at a friend's place. I work with mostly investors as an agent, and some regular homebuyers as well.  Whether it be smaller projects on someone's new home, or investors doing big rehabs and needing someone reliable they can trust to oversee, the fact is almost every person who I help buy or sell I end up passing them on to one of a few contractors I recommend. I have been considering getting my GC for a while, and that's an easy 30+ jobs of various scales throughout the year.

I think it could be a win-win for both my clients and myself, whereas I can offer those looking for investments in the area assistance in finding the properties and seeing through the renovations all in one seamless process. Of course, this would allow me to bring in additional income throughout the year as well, to put that money into projects of my own. I would sub out most things to local contractors that I already know, and bring the knowledge to manage and oversee these projects. Are there any other Realtor/GC hybrids out there that would care to share some experiences? 

Thanks, everyone!