Is it worth it to become a RE appraiser?
At the summit, a lot of the presenters and people I talked to mentioned it would be a good idea to get my real estate license. Others mentioned taking some appraisal classes, which got me wondering. Would being a licensed appraiser help my investing business? Is it worth it?
In Arkansas it takes 2000 supervised hours to become a licensed appraiser. If I spent 20 hours a week, that would be two years. The time doesn't bother me. I am a new investor and only have 2 rentals so far. I don't have a day job and our other business supports me, my wife and kids. I could still put in 5 hours a day building my RE investing business and I think I would like to have the credentials in the future. I know there are a lot of hugely successful investors that aren't realtors or appraisers, but I thought it might be a good way for me to learn more about different sides of the business, keep up with new trends, and a way to make contacts.
What do you think?