Thinking of getting CCB License...

[Chad Duncan]

I was thinking of going to school and getting my CCB for design and remodeling so that I can be the contractor for flipping homes. I also plan on taking the Real Estate Broker exam and getting my license in that as well.

Do you think that these would be a good idea for someone trying to flip homes for a living?

Thanks in advance!

[Gavin Peacock]

Hey Chad,

I did exactly what you're thinking about doing. I've been a property manager for about 19 years now, so I'm really familiar with renovating and working with contractors. When I decided that I'd like to get into other parts of the real estate world, it just seemed like a natural path to get my CCB license. (You have to have it in Oregon if you want to flip houses anyway.) The course was fairly expensive, but relatively straightforward if you've been in the business in any way. The bond and insurance was the most costly part though! (Approximately $2,500 in all.) In addition, I also became RRP certified, (renovation, repair and painting.) The course was quite brief, but the certificate will be handy, and will save money in the future. The real estate broker's license was the really time-consuming part. 150 hours of study - at least!, and then the exams. Once you've completed everything, you'll be very well prepared, and will feel ready to get started! Albeit about $5,000 lighter... I wish you the very best of luck with your endeavors.

Mindy's blog on the cost of getting a license was probably my all-time favorite read on Bigger Pockets. Well worth a look!