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Updated over 9 years ago on . Most recent reply

User Stats

2
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1
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Robert M.
  • Southlake, TX
1
Votes |
2
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New member soon to be in DFW area

Robert M.
  • Southlake, TX
Posted

Hello all! I stumbled across the podcast which led me here.

A little about me. I am in my mid-fourties. I retired from the Army after a 20 year career. I then started my own consulting company that has had excellent success. But it has required a lot of traveling and I am ready to spend more time with my family. The plus side is I will be selling my company soon and after taxes I will be walking away with about $2.5M. I have been fortunate.

Which brings me here. I am interested in investing in real-estate eventually but have no experience with it other than buying my own house. I am intrigued by house flipping but after 20 years in the Army I have no desire to get my hands dirty nor do I want to be on site overseeing everything. I am thinking about becoming a hard money lender. The research aspect of it appeals to me, it isn't something I have to work on every day, and if I do everything right the ROI looks to be very promising.

So I am hoping to learn everything I can here about the process. If anyone can recommend some reading to get me started with an emphasis on being a HML I would also greatly appreciate it. Thanks everyone!

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