New Member from NYC thinking of Private Lending

[Jason Topolski]

My name is Jason, I live in Brooklyn/Tri-State area and wanted to introduce myself to BP forum members.

I'm a professional working in New York City, in the technology area. While the job pays well and is stable, it is extremely taxing in terms of time and stress. As such, it has taken a considerable toll on the quality of my life outside of work.

While doing some research, I came across this site and was pleasantly surprised at the quality of information that is being provided (for example the Ultimate beginner's guide to RE Investing) and the willingness of participants to provide advice to others.

In order to alleviate amount of time that my work consumes, I wanted to investigate going into Private Lending to slowly supplement my income. My plan is to progressively replace my wage income with interest income from Private Lending which would allow me to work part time rather than full time.

Being new to Real Estate, I have a lot of questions regarding the benefits and risks involved in this investment strategy. Do you think Private Lending is a viable investment strategy worth pursuing? I am not looking to charge crazy interest, but rather to partner with someone who's strategy is house flipping and who needs capital and enable them achieve their goals while at the same time working towards mine.

Appreciate any advice/comments.

Jason.