Be My Own Licensed GC

[Julian Pilate-Hutcherson]

I recently came across an investor who started off as an investor and later received a license to be a GC to decrease costs and improve his real estate business. This caught me off guard because I have heard more stories of people working originally as general contractors by trade and then later pursuing real estate investing after seeing the profits investors were earning off properties they were rehabbing. 

For the investors out there who decided to pursue a GC license, how has becoming a GC for your own projects affected your business. Has obtaining this new license been worth the hassle in pursuing the license? Also, is there any benefit in being a GC when investing OOS, since you physically cannot be the one to perform the rehabs?

[Greg Dickerson]

@Julian Pilate-Hutcherson you are much better off and can scale much faster outsourcing to a GC and letting them handle everything turn key. You really will not save much money these days trying to self perform when you add the cost of license, insurance, warranty and liability. Your time is best spent finding deals, raising money and leasing the team. The money is made by the investors and developers not the GC.