Rental Property Investor · Fargo, ND · Member since 2016 · 136 posts · 112 votes
Is it just me or are about 25% of all real estate investors, also engineers? As an Engineer myself I could be biased but curious if anyone has insight. I know folks usually have professional background like IT, accounting, dr but would be going out on a limb to say engineers cover the majority of all real estate investors?
I did the eng gig until REI proved to be way more profitable. It's paid off in so many ways allowing me to do 'permitted' electrical (took that minor in elect.), opening & replacing walls with LVL beams, HVAC installs, on-demand HW (elect & NG) etc etc. It's a discipline that opened so many cost saving opportunities & you don't get snowed by contractors, home or building inspectors. Biggest job 'permitted' by my town was the complete design, install & wiring/flow rate monitoring of complete fire sprinkler system for a 6 unit. They allowed me 6 months & did it all myself.
But then again I remember our final exams forbade the use of calculators, slide rules were the only device allowed as were card punched software solutions in our lab finals.
Not an engineer, but I work at a tech company. I'm a noob at best when pertains to me using Google app script. Great to see so many tech employees here, I wrote a tech employee guide for real estate investing on the BP blog. It should be helpful for a lot of you.
I am electrical engineer (BSc and MSc), started my investment journey in real estates in 2018 in Africa. I have two rental properties so far. One of them is a multi family dwelling where by I have 5 tenants on one property. I recently just got my third property, a plot, soon to commenced with construction. I am planning to put up a multiple family dwelling property.
I am a Project Manager with a MS Industrial Engineer and background in Manufacturing. I have not met a lot of engineers in my REI network but my reason for being a RE investor is the relative level of control I have vs the investing in the stock market. Evaluating areas, learning the system and running the numbers have been a creative and fun area for me given my eng background
@Adam Zach Computer IT engineer here. Not only does the beneficial W-2 income provide a great cushion for investing into real estate, the systems and process mindset with engineer type jobs is highly useful for creating a Real Estate Business.
I develop automation systems and processes that simplify my Real Estate ventures using a number of apps and tools. Being an engineer has greatly influenced my need and ability to automate, simplify and create systems/processes/workflows. This has allowed me to build a highly robust multifamily investment firm and invest with confidence.
I'm a Chemical Engineer, working in the oil and gas industry in Baton Rouge, LA. As much as I enjoy working as a chem e, I'm basically using it as a cash front to invest in Real Estate so I can do whatever the hell I want in 10 years.
BS in Civil Engineering. Currently working in the underground utility industry. Just closed on my first live-in-flip two weeks ago. We do a lot of work on new commercial and residential sites for some big name companies and developers so we know before the general public where exactly that huge tech company is putting there new facility and where the housing appreciation and growth will follow.
BS in Construction Management and currently working with one of the largest general contractors on the East Coast. Looking to jump into my RE journey at the end of the year.
Manufacturing/Process engineer for one of the Big Three in automotive. (Light & heavy duty trucks)
There are so many aspects of manufacturing skills that overlap with owning and managing real estate. Everybody wants to point out the obvious on the analyzing and crunching of numbers while making data driven decisions, but being able to work along side the hourly has greatly given me a step-up on communicating and managing my tenants. I’ve worked in the industry for roughly 12 years and you come face to face with a ton of different scenarios where it’s just you and the worker trying to work through issues that he or she may not agree with. I could go through each scenarios but most will know what I’m talking about if they have ever worked on the manufacturing floor.
- 1 lesson I take away from both real estate and manufacturing. Respect, listen, and communicate each other through whatever it is you’re working through. Always stay in that lane, always...
BS in Electrical Engineering. Been investing about 19 years(Atlanta,GA). Fix and Flips, BRRRRs, and also licensed Realtors. Thinking about getting GC licensed. (Go Jackets!)
Newly minted mechanical engineer here! Thought engineering school was my one way ticket to financial stability, this pandemic has shown me exactly how wrong I was. Then I read 'Rich Dad, Poor Dad' like many before me and here I am!
I'm hoping to close on my first long distance duplex by the end of the year. Fingers crossed!
I'm in the exact same boat. I feel as if I'm being introduce to an entirely new world, and everything I was told before in regards to finances was a lie based on blind ignorance. It's eye opening. Hope you get your first duplex soon!
Architectural engineer specializing in public health and plumbing over here! I studied Earth & Environmental Engineering in school but have been working in arch./eng./construction for the last 4 years.
Very into building engineering at the moment but would like to cultivate financial freedom via buy and hold multi family properties and an occasional flip.