Aussie pay their bills foreclosures are rare .. whole nother kettle of fish compared to our renters at least in the lower asset class's as we know what a nightmare that can be. 

It's more apparent than ever that S2A is fishing for less experienced retail investors to part with their money. 

Most of my current bookings are private parties who come to fish the local river. 

There are a few pockets were that price points work but VERY few and certainly NOT Memphis that's squarely in the hood.PS the Steelhead run never really got going this year on the Trask waiting for the Springers :) YOu know meat fish.

(Over $1,500 a month in extra cash from my four properties; and no I don't touch any of it as I am saving for more properties and my approaching retirement, so I will continue to go outside the great state of Texas.Small fish like me need to supplement their income and with a future pension on the horizon that will annually reduce in spending power with inflation, I can't afford low cash flow and bank on a speculated ROI 10 years down the road. 

I've always wondered what it would be like to be a big fish in a little pond rather than small fish in a big pond.  

I just spent a week fishing north of Bozeman and the average sale price for an SFR right now in Bozeman is 500 to 700k which is a city house on a city lot.. 

I know the fishing and crabbing is good which is a hobby I wish I did more of but has nothing to do with the investment thesis.

He worked in the water department in a Northern CA town for 30 years I helped him buy his home which he had paid for .. and we had many plans to do what we both love go trout fishing ..So there is a balance.. and for me being north of 65 I have all sorts fo business I work on every day I work harder now than I did in my 30s when I lived in the Napa Valley and play 140 rounds of golf a year.. at this age what else is there to do..

I honestly don't know that his shop would even know how to process that loan, that's not EXACTLY the pond he fishes in.Bloomberg, 2018.Original article headline per the URL: "Small time Bankers make Millions Peddling Mortgages to the Poor."