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Can I be a General Contractor?
When flipping or BRRRing is it possible for me to be a GC and just hire sub contractors? I'm looking to learn and save money. I know it may take longer because of this but besides keeping subs accountable to budget/time what else am I missing? Do I have to be licensed? Can anyone pull a permit or not? what else? Excuse my ignorance but I am just new and don't know, thanks as always BP!
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Originally posted by @Bryan Cavellier:
When flipping or BRRRing is it possible for me to be a GC and just hire sub contractors? I'm looking to learn and save money. I know it may take longer because of this but besides keeping subs accountable to budget/time what else am I missing? Do I have to be licensed? Can anyone pull a permit or not? what else? Excuse my ignorance but I am just new and don't know, thanks as always BP!
Every state is different regarding licensing requirements so it’s best to check with the local building permit office. One word of caution is it can end up costing way more trying to manage the project yourself instead of hiring turn key GC. You can still learn from them by watching and asking questions. The money in this business is made by finding, funding and selling the deals, getting in and getting out fast not trying to do the work yourself. That’s a while other business model.