What I belive he is saying is, Not to be hired as an Appraisor just to be one. A local community college here will tech you how to be an appraisor. Yhe class is 80 dollars an takes up a weekend. Now if you had the knowledge of an appraisor even tough you are not currently working as one, the information could be in-valuable, and like carlton always says keep on learning new things to advance your view on real estate. I say its a good Idea (but I am a very new) and Is something I too am considering.
Posted by CHAD BROOKS on January 19, 2004 at 19:48:20:
I’m an eager and hungry person wanting to get into real estate investment. I’ve just purchased carlenton sheets course online. although I’m sure the material will be informative (when I get them), I am a person that enjoys learning, and I want to become as knowledgable as posibble. I was thinking about getting my home apprasial license from my state commision. I figured that if I knew how to appraise houses, it will help me know the true value of them. although I find this the smartest way to go, I would like others opinions that have been in the market, for I am a complete novice…
One way to look at is while you’re appraising, title searches, your own rehabs, or whatever you’re getting paid the wages for the job you’re doing. How much do appraisers make? Could you be looking for deals and make more?
If an appraiser say makes $500 how many deals would you have to find to make $500 as a real estate investor? Your deals should be in the $10K+ range. It’s probably better to find 1 deal than do 20 appraisals.
If you like getting paid title searcher wages instead of real estate investor wages by all means do your own work, otherwise get out there and find deals and pay the professionals to do the job probably better and faster than you or I. Besides you’ll be supporting the real estate market and may be able to work with a couple appraisers that will cut you deals knowing you’ll be keeping them busy.
One caveat, you should be able to estimate repairs by doing a quick walkthrough which is not the same as an appraisal but should give you an accurate idea of what to expect.
If you would like to be and investor get out and find deals being and appraiser takes time and money and there is a lot of work involved first you have to pass the class,take state exam,pay a fee to appraise in your state and you have to find someone to sponser you before you can even start working which is a job within itself and during all that time you could been out finding deals.Talk with a few apprasiers and make the judgement yourself “don`t sacrifice time for money”