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Updated about 8 years ago,
ARV Issues - Would becoming an appraiser be beneficial?
Hey BP, quick question about coming up with ARVs.
While I am looking at some potential houses that would be a good flip or BRRR house, I'm having trouble coming up with a good ARV for them. The houses I'm looking at are in relatively smaller neighborhoods that don't have a lot of comps to back them up.
Would it be beneficial for me to consider becoming an appraiser (or at least going through the course material)? I've looked up what it would take to become an appraiser in my state and it looks pretty intensive (minimum of 150 hours of "Qualifying Education"). Would this be worth it?
I plan on taking a course soon that will give me the hours and knowledge to become an RE agent in my state. If I do decide that becoming an appraiser would be beneficial, would that create some sort of conflict of interest if I'm already an agent?
I'm still new to REI, so please don't make me feel dumb if I'm just talking crazy. I'd rather ask the dumb questions than to be the dumb person that doesn't ask them.
Thanks! Dakoda