Shagging houses for lenders when you're old is no fun.
This is a profound statement and the best one to determine if you stop at CR or go on to CG. CR is to restrictive as a 2nd gig/career to supplement a early age Retirement income. In other words if your just wanting to supplement your income The CG pursuit is a tough slog.
Hi All, I have always been fascinated by real estate and always been looking for a way to get it. as soon as I found out about the appraiser job in the real estate process I knew that that's what I wanted to do. However, I got busy finishing college, getting a full time job and life got in the way. Now that things have settled a little, I am really looking into getting my General Appraisal License. Currently I am at the very early stages of the process, but upon doing some research on what it takes to get the license I realized that I'd have to be a trainee for a while and also complete a 3000 hrs of work in 6 months. I am hoping to do it part time along with my full time job. it'll be really hard to just be a trainee and raise a family on a trainee salary.
I am looking to be an appraiser in NJ. my question is, is it possible to do this whole process on the weekends or at least part time? I do not mind putting in a few hours here and there during the week, if it'll get it done, and the required of completing 3,000 hrs in 6 months. anyway to get around that or get it done part time?.. I really want to do this and I am committed to it, but it'll be tough to leave my full time job and do this particularly living on the trainee salary, and not getting a good volume of jobs in the first few years.
please share any advice or insight you might have on doing this part time in NJ.
Thank you.
OK I have read over your post three times to make sure I understand what your trying to do. So what I don't know is what your actually trying to accomplish. It appears that your looking for something to replace your current job/career OR your planning ahead to retire from your current occupation. Then immediately get a monthly retirement check and work as an appraiser to accomplish a number of things; 1. Control your life better(self employed) 2. Supplement your retirement check 3. Do something that is interesting, not mundane. That's a good plan on face. Its nearly impossible, but all things are possible.
If your trying to replace your current employment with something more interesting and your not ready to retire. Well your in for a tough slog! Residential Appraising main stream is boring, not very profitable and has been reduced to being a One Trick Pony Act. Worst of all is you have to be a very fast Pony. Fast and Cheap is the worst thing you can do. BUT everyone still has to eat, provide shelter for themselves and deal with life's everyday problems. Excellence is not rewarded at all in residential appraising, but there are exceptions. Private residential work is the only way to become independent, make a decent living and still relatively maintain some control over yourself. That's not easy either...but it can be done. Even though I work at it almost weekly, I still am unable to divorce myself completely from the One Trick Pony act. I'll explain something here. I rarely get stip'd(explain/correct my work). When I do get stip'd(stipulation), it is always something bordering on silly in the context of the entire report. Most of my stip's really are a result of the Stipper has a reading comprehension problem and job justification!
On the other hand CG is the absolute best way to go simply because you have no limits to what you can provide in Appraisal/valuation Services. That is the best but most difficult path. The failure rate in NC for the CG State licensing test is high! Residential Test failure rate is high also. That's a good thing.
So here is my advice to you! Some will get their hackles up over some of what I am about to say.
1. Do not take any appraisal course on line...go for the In Class setting.
2. Start taking the classes now
3. Take your In class courses from an organization such as AI(my preference) Don't use independent Educators
4. Join an Appraisal Organization such as Appraisal Institute(my personal preference)discount for members on all classes
5. Join any(all of them) state appraiser Organizations that exist in NJ - Invaluable source of current events, source of contacts etc
6. Be a Regular at this Forum...even if your just silent. Read Read Read stuff here.. Especially the CG Forum because they are EXPERT PROBLEM SOLVERS.
Now this is amazing for you....You may be in a position soon to take advantage of something for experience credit and make money without a license! This happens to be a current Hot and contentious Topic. Its called Valuations and it happens outside of the USPAP Bible.... I wont go into this right now ...the other appraisers know what I am talking about. Its because you are unlicensed that opportunity is on the horizon peeking at everyone.
and why I've often stated on here one has to WANT to become an appraiser and it's not for everybody
