Similar to a real estate license, the decision ultimately comes down to how often you plan to flip houses and the amount of time and money you plan to invest in each project. However, if you plan on rehabbing the property yourself, you will have to obtain your own contractor’s license.
Contractors hired to do work on the property are legally required to be licensed, but you – as the property investor/owner – are not required to obtain a contractor’s license. Do I Need a Contractor’s License to Flip Houses?Ī contractor’s license is also not necessary to flip houses. If your hobby eventually does turn into a career, you can pursue a real estate license when you’re ready. You’ll have access to the knowledge that comes with a real estate license without having to spend the time and money on obtaining one. However, this knowledge can also be gained by self-education without the cost of pursuing an official license.Īlternatively, if you plan on flipping houses as a hobby rather than making a career out of real estate, it makes more sense to hire a real estate agent. Passing the real estate license test provides you with an understanding of property laws, required forms, liability issues, and additional details required to buy and sell a home. This requires out-of-pocket costs in education, background checks, and memberships. Obtaining a real estate license involves completing the real estate education courses mandated by the state in which your property is located and maintaining the license each year. If you plan on starting a house flipping business, a real estate license is a useful tool. As the property investor, you can choose to sell the property independently, hire a real estate agent experienced in home flips, or go through the process of becoming a licensed real estate agent. Generally, most license decisions come down to your intentions behind house flipping – hobby or career? Can I Flip Houses Without a Real Estate License?Īspiring fix and flippers are not required to have a real estate license to purchase, rehab, and sell houses. Processor: Intel Core i3 3.20GHz / AMD Phenom II X4 955 3.Before making an investment on your desired fix and flip property, it’s important to check your state’s license regulations and explore all of the license options available to you, both required and optional. You have tools so use them to hammer, drill, nail and screw things, and do whatever it takes to adjust, repair or clean things. You have at your disposal a set of tools and pieces. Also buy, repair and improve houses in ruins or on the other hand give them a second life and get benefits selling them. First, House Flipper offers you a unique opportunity to become a one-person reform team.
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