Rental Property Investor 路 Fargo, ND 路 Member since 2016 路 136 posts 路 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.
Mechanical Engineering graduate working as a Civil Engineer (embarrassing, I know). Aggressively pursuing my first deal with my father, who is ALSO an engineer. In all seriousness, I think there is something about the engineering mindset that lends itself to REI. Engineering requires a combination of technical sophistication and creativity. I personally love nothing more than creating new things, whether it's a new tool at work or a new song, or a new business venture.
Materials and mechanical engineer with a minor in sustainability!
Loving real estate and all it can do for the future! Also looking forward to building (stick-framed) Tiny Houses near and far for everyone to appreciate at an affordable price point! :D
According to labor statistics about 5% of the work force are engineers. The median engineering salary is at about the 75th percentile of national salaries. Thus we should expect engineers to have disposable cash to make real estate investments. In addition, engineers have the backgrounds needed to understand the mathematics of real estate investing. (Something which probably is an obstacle to the rest of the population.) It should not be surprising that all of this combines to cause engineers to comprise a substantial percentage of real estate investors. Well over the 5% of the general population. Which should make the real estate investment world appear to be overflowing with engineers.
My husband and I are both engineers (I'm chemical and he's mechanical). I worked as an engineer in O&G for about 8 years before jumping ship into the marketing industry, because it turns out I really like people and sales. He stuck with it and owns a small O&G company. We live in Houston, TX, so I think engineers make up a larger percentage of people in the area, but it is definitely interesting how many seem to be investing!
Mechanical Engineering working at Intel Corp in Hillsboro, OR. I love what I do, but there is something about turning an ugly house into a beauty that produces positive cash flow. Love REI and construction.
Im an "engineer", but I'm more on the consulting side. Mechanical engineer for the food and beverage industry (think Pepsi, Coke, Budweiser, Frito Lay, Clorox, etc). Based out of St. Louis, MO. Just started my REI journey last year and looking for that to replace my W2 income so I can move away from the rat race :)
I'm a Software Engineer based in NYC. I've been investing in real estate for about 4 years. Now I am focused on multifamily syndication, we want to help engineers invest and learn about this asset class.