First Post: Architect --> Real Estate Investor
Hi everyone!
Long-time reader/listener, first post.
I am an architect in St. Louis, Missouri making my transition from the design professions to real estate investor and developer. After spending many years creating value for clients, its time to do it for my benefit.
Last year my wife and I purchased a duplex and are now living in one unit and renting the other. We did a light renovation on both units, and the renters take care of the majority of the mortgage. Its should cash-flow nicely when we move out. We are currently looking for our next project — ideally, a ground-up multi-family project where I can leverage my design expertise as an investment.
Anyhow, I'm excited to engage more in the online and offline community, especially here in St. Louis. I'm also curious if there are any other architects on the site working similarly.
Aaron
Most Popular Reply
@Aaron Schump I am kinda in the same spot. I am an Architect in Utah that also does development work. Most of my income still comes from my work as an Architect, but do a development project every year or so as I find the right property to do something cool on. One of the hardest things about doing the first development process is dialing back the amount of cool you have in your brain. I would recommend having some sort of partner that is looking at the process from a different background for your first ground up project.