Rental Property Investor ยท Fargo, ND ยท Member since 2016 ยท 136 posts ยท 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.
I'm a Mechanical Engineer (with BS and MS degrees) looking to BRRRR in the upstate of South Carolina. I currently live in Greenville, SC. I've been working in my career over a decade now - and am ready to start a side-hustle in RE investing, building some passive income with a buy and hold strategy. Glad to see many other engineers getting in on the RE game! I highly recommend any into #'s (which should be all of us engineers) to read Frank Gallinelli's book "What Every Real Estate Investor Needs to Know about Cash Flow". Best of luck all!
I'm a Mechanical Engineer (with BS and MS degrees) looking to BRRRR in the upstate of South Carolina. I currently live in Greenville, SC. I've been working in my career over a decade now - and am ready to start a side-hustle in RE investing, building some passive income with a buy and hold strategy. Glad to see many other engineers getting in on the RE game! I highly recommend any into #'s (which should be all of us engineers) to read Frank Gallinelli's book "What Every Real Estate Investor Needs to Know about Cash Flow". Best of luck all!
One of my favorite real estate books! Solid recommendation
Former product engineer in St. Louis. I have been an engineer for 8 months before covid hit. Now I am looking at real estate as a way of providing a secondary source of income.
From the South Jersey area, I am a BSME and beginning my MSME this upcoming spring semester. Recently resigned from a federal engineering work to engage in real estate investing full-time until the spring semester. Closing on my first house next week with my group. Hoping to learn and gain a lo.
While I am not an engineer, I certainly see that an engineer could be great, as a lot of objective analysis and decision is involved when designing different structures, and with real estate, that can be a great benefit as a lot of times, people invest out of emotion and make incorrect decisions. Furthermore, in this economic environment, I will definitely suggest for anyone to try to look into replacing their ordinary income with a source of passive income, and I do think that real estate can get the job done.
Electrical Engineer from Chicago/Milwaukee land area. As much as I enjoy engineering and going to different locations for commissioning of automation control systems, I really enjoy real estate. Just have one rental so far but continue to look for that next deal.
I'm a hydrologist working for a water resources engineering firm in Tempe, so I'd call myself a quasi-engineer as I don't have a degree in engineering (Bachelor's in Environmental Science, Master's in Hydrology), but I do engineering tasks daily.
Drainage transportation engineer for a consulting firm in Tempe AZ! Being an engineer helps with understanding the numbers and logic behind the financial analysis part of REI.
Also, as an aspiring Project Manager, I've felt that RE has helped with understanding some components of management and there has been a lot of cross-sharing of concepts that I have applied to both my day job and my real estate hustle!
I think engineers are more organized and precise in general. For me, I've also found efficiency to be a priority and it helps so much in commercial real estate lending. I attended Boston University's School of Engineering as an Electrical Engineer. My Father was an Electrician and he was very organized, precise and efficient as well. If he ran electrical cables in an attic where no one ever see them, still they would be lined up perfectly straight and at right angles around corners etc. I learned a lot from him as well, and also that its very important to take pride in your work, whether someone will see it or not.
Hey! I got my degree in Energy Systems Engineering and currently work as an Electrical Engineer in commercial construction. I have home building and landlord experience and recently got my real estate license in Oklahoma. I am refinancing our house and positioning myself to begin purchasing rental real estate. For me, engineering is a stable paycheck until I am able to go into full-time real estate. That being said, I am thankful for the problem solving and technical skills I received in my education, as I know they will serve me well in my RE venture! Good luck and get going on those spreadsheets!
I am a Transportation and husband is Structural engineer. People tell us to invest in stocks and we can't find the romanticism of buying, fixing and selling homes in buying and selling virtual stocks...
I love this post!! I am married to a mechanical engineer in the aerospace industry who is enjoying flipping on the side. I worked for 2 civil engineering companies before I became a realtor. I have always said that engineers are a strange breed - their minds just think differently. BUT, by having so many years experience working with engineers helps me work with investors. It is all about the formula - if the deal works, great! if not, on to the next project.