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.
Electrical Engineer working as an automation/instrumentation engineer in oil and gas. Currently at 5 units owned out of state and working towards 10 and beyond!
Masters in Electrical Engineering! Looking to invest in Austin/San Antonio area. If anyone interested in teaming up or exploring together, shoot me a message :)
Ex oilfield hand that went back to school for Civil Engineering. Just graduated and I am looking to start investing in RE in the North Central Pa area. Williamsport to be exact.
I work in machine learning and data science. I like numbers and finding value. In a machine learning algorithm, I'm minimizing a cost function. With real estate, I am maximizing COCROI (subject to not exceeding a threshold of headaches haha). Both career paths also offer financial stability (an external reward) while tapping into pragmatic, mathematical instincts (an internal reward). I would not be surprised that many RE investors are also engineers.
I know a few. It doesn't really make a difference. It has more to do with the strategy you choose and it fitting your personality along with end goals. I know just as many investors that never finished high school.
Mechanical engineer here! Just made an account (finally). Been obsessing over RE for the last year. Great to see so many other engineers out there also interested.