How Many RE Investors are Engineers?

How Many RE Investors are Engineers?

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?

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Rental Property Investor · Upstate, NY · Member since 2012 · 3k+ posts · 3k+ votes
6y

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.

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  • Rental Property Investor · Dallas, TX · Member since 2015 · 503 posts · 504 votes
    6y
    Originally posted by @Hong Y.:

    MECHANICAL ENGINEER and MILLENNIAL 

    I'm currently a mechanical engineer looking to move full time as a real estate agent, I am also working on a commercial rental unit. Of the younger group of people at my site, I'd say 6 out of the 10 are either already doing real estate on the side or looking to get in (all engineers). 

    I think its something about the crushing fact of knowing how much schooling and time you put in to become an engineer and its only marginally more pay than the average income of some other degrees that require less time. 

    Also, as a millennial, the other like minded/aged individuals in my circle want to move away from the 9-5 with mediocre slightly above average pay. Not to put down the industry, just saying that most engineers are smart enough to know when the MATH JUST DOESN'T ADD UP! But only a good chunk will be brave enough to act on it. 

    Engineers

      1. get paid enough early on to make that switch before it is too late.

      2. don't get paid enough to be content( most going in expecting 80k would go alot further)

      3. smart enough to recognize a bad deal when they see one

      At least i think that is why you wont likely find other industries with degrees, transferring from their jobs.

       I am surprised there aren't more posts like this one. Yeah, we're good with numbers. But really, many of us recognize the ceiling in our careers and start looking for other ways to make money. 

    1. Member since 2019 · 43 posts · 24 votes
      6y

      I have a BSEE and took all the course work for a MSCS ...was too busy on my real estate business to fill out my graduation papers... I current own a dozen rentals ... 

    2. Real Estate Broker · Hartsville, SC · Member since 2015 · 174 posts · 69 votes
      6y

      I have a 2 year Civil Engineering Degree and am an agent and investor. 

    3. Investor · Charlotte, NC · Member since 2018 · 10 posts · 15 votes
      6y

      BSME, MSIE.

      I like many here had started getting disillusioned by a 8-5 job, and had started dreaming of working towards hanging up my W-2 boots one day and be in RE business 100%.

      But this latest crisis seems to have scared me straight. I now plan on milking my well paying W2 job to the maximum, and continue using the savings and financial stability to fund my REIs.

    4. Member since 2020 · 2 posts · 3 votes
      6y

      I am an electrical engineer (BSc and MSc), started my real estates investment journey in 2018 in Namibia. I have two built 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 commence with construction. I am planning to put up a multiple family dwelling property. I am modeling how best I can utilize the space. 

    5. Rental Property Investor · Batavia, IL · Member since 2019 · 35 posts · 15 votes
      6y

      Based on our investor database I'd say there's some truth to that. However, it could just be a network effect. We preformed well for a couple of investors who happened to be engineers, they in turn told their colleagues, then they invested, and so on, and so on.

    6. Investor · Jersey City, NJ · Member since 2016 · 84 posts · 11 votes
      6y

      @Adam Zach I have a BS in Computer Engineer although I don't currently work in that field. Interesting thing to point out but I think it is because we like numbers and problem solving which works well with all investments, including real estate.

    7. Member since 2020 · 1 post · 1 vote
      6y

      Systems Engineer and newbie to RE. One triplex so far in San Diego. Looking to invest in the Midwest next.

    8. Rental Property Investor · Raleigh, NC · Member since 2019 · 11 posts · 7 votes
      6y

      I have a doctorate degree in computing science. A few rentals, still a newbie. Wanting to buy more properties but coming up with the down payment is hard. I haven’t done a brrrr yet. I haven’t bought a piece of land yet. If anyone has good opportunity and is interested in partnering, let me know. 

    9. Flipper/Rehabber · Memphis, TN · Member since 2020 · 758 posts · 285 votes
      6y

      I'm not an engineer but my operating officer is an engineer. It helps a lot. 

    10. Member since 2020 · 1 post · 1 vote
      6y

      I have a degree in electrical engineering with my PE...

    11. Member since 2020 · 1 post · 1 vote
      6y

      I am an engineer (PE geotechnical/structural) owning 3 firms and multiple RE Properties

    12. Real Estate Agent · Baltimore, MD · Member since 2018 · 285 posts · 228 votes
      6y

      Yep thats me! 

    13. Long Beach, CA · Member since 2020 · 2 posts · 1 vote
      6y

      BEME, MSMAE. 15 yrs in the Aerospace industry. I'm an RE apprentice.

    14. Member since 2020 · 1 post · 1 vote
      6y

      woah didn't know many engineers here, I'm a software engineer :)

    15. Kenneth HynesPro Member
      Rental Property Investor · Easton, PA · Member since 2013 · 359 posts · 92 votes
      6y

      BSEE form Boston U , Maters in Telecom Engineering through University of Colorado 

    16. New to Real Estate · Philadelphia, PA · Member since 2020 · 65 posts · 30 votes
      6y

      Interesting statistic. I am currently earning my masters in structural engineering so this is cool to hear!

    17. Investor · Dublin, OH · Member since 2015 · 7 posts · 5 votes
      6y

      BSEE, MBA, REI :)

    18. Real Estate Agent · Washington, DC · Member since 2016 · 2 posts · 1 vote
      6y

      BSME, MS/Business.

    19. Garden Grove, CA · Member since 2017 · 2 posts · 2 votes
      6y

      BSEE from Orange County, CA. Newbie investor with an ADU so far in Garden Grove. Looking to get into the single family + ADU market of RE in OC and hopefully build up a decent porfolio in the next decade.

    20. Rental Property Investor · Madison, AL · Member since 2016 · 57 posts · 35 votes
      6y

      So the term engineer is really vague, I'm a software developer, however, some would say software engineer. This is the best time to get into real estate with the market slowly crashing.

    21. Lender · Abilene, TX · Member since 2019 · 50 posts · 24 votes
      6y

      PhD in Theoretical Physics, but also worked as an engineer. Will be glad to connect with other engineers and scientists!

    22. Member since 2020 · 9 posts · 54 votes
      6y

      Electrical Engineer working for Aerospace for company and try to learn real estate syndications.

    23. Rental Property Investor · Missoula, MT · Member since 2019 · 85 posts · 35 votes
      6y

      I am a recent grad of civil engineering. Ever since my junior year of college, Ive been obsessed with BP and REI in general. I am currently using a project engineering position to save up for my first investment! My goal is to get a househack deal within a year. But yes i think engineers have a solid understanding of numbers and a rational, almost computer type of thinking, making real estate stand out unlike any other source of income. Engineering is also hard by nature and once you've dove into the world of engineering, other things in the world seem more attainable.

    24. Rental Property Investor · Indiana...mostly · Member since 2019 · 468 posts · 245 votes
      6y

      That's me.  BS Civil/Architectural followed by community college electrical & mechanical program completions since my day job is Design/Engineering and Project Management for  Industrial Automation and product handling.

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