New member and potential new investor in Austin, TX

[Chris Murphy]

Hello All,

My wife and I are just starting to look into real estate investing as a means to add additional income sources in our "old age". I'm a fairly successful technology entrepreneur / executive and we've found ourselves empty nesters in our early / mid forties. We absolutely love Austin and we feel like the opportunities in real estate, if done carefully and correctly, could be pretty lucrative (not to mention fun).

We're contemplating downsizing our current home and using a large portion of the profits to start investing. So far we've primarily been toying with the idea of rental properties. We've even discussed purchasing and living in a property that we would then later turn into a rental while we work on figuring out our first steps.

I came across this site researching a "coaching" advertisement and it looked like a great and diverse community. We're really just starting our research and trying to suck in all the information we can but I hope to network and meet some people here that might help us on our way and possibly avoid some simple mistakes!

Thanks!

-Chris Murphy