Yup - Posted by Randy -IL-
Posted by Randy -IL- on June 20, 1999 at 23:03:29:
I am an appraiser. I agree with Matthew when he says that I bought a job. It’s absolutely true. Don’t take this post wrong, there is absolutely a place for the in-depth knowledge of the marketplace that an appraiser has (or should have).
By the looks of the numbers on my bathroom scale, I haven’t been losing any weight from starvation. My J-O-B is keeping me alive while I figure a new way to create semi-passive money with real estate.
Yes, you can make a pile of money doing appraisals, but not part time. I hate to be the bearer of bad news but it is VERY difficult to get clients. Don’t be at all surprised if you don’t have a client until you’re 8-12 months into your new J-O-B. Maybe it’s just in my area (NOT), but things like appraisals are done using the “good ole boy” system. Exactly like the old saying, “It’s not what you know but who you know.” And sometimes that isn’t even enough.
I often come across transactions where someone else is pocketing thousands and thousands of dollars to do a deal like those found on this board. And all I get out of it is my measly little appraisal fee. I even get the joy of knowing that it will commonly be 6-8 weeks to get paid.
I’m tired of helping others get rich. My advice to you is to learn to do the creative deals to make more in one transaction than most people do in months of work at a job they hate. Learn to do what appraisers do, but don’t do it for a measly appraisal fee. Do it to make the deal that will set you free from the day in and day out torture of your J-O-B.
J.O.B. = Just Over Broke