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Updated about 5 years ago, 11/12/2019
Be My Own Licensed GC
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?