Michael, you always make videos that are worth seeing. I hope that someone else who is in a similar circumstance can benefit from what you are going through.
@GeorgeRivera-i4w3 ай бұрын
Great Explanantion! You mentioned the tenant costed you $25,000? Curious to know as a beginginer investor, in buying properties with a tenant in place and how you plan to recover those costs. Would'nt that mean your end numbers be negative?
@willh37343 ай бұрын
personally based on my situation, wrap would be ideal. Feel like in your situation Michael, Rent would be beneficial. Been following you for the last 3 months, thank you so much for all the information you put out. God bless you
@RJ4Loans3 ай бұрын
Thank you for being honest and open and sharing some of the things that many gurus hide from you. There is always the possibility of a loss or a problem I like the Way you solved it.
@michaeldfranke3 ай бұрын
This one was definitely not a great buy. But you can’t predict the outcome everytime.
@jerymeeregalado34283 ай бұрын
Thank you for sharing this, Michael. I like that you are sharing the computation will be.
@SFWD2033 ай бұрын
Wrap, but I don’t really know how wraps work. If you choose to do the wrap method. Please do a video explaining how it all works! thanks!
@Stvwlsh3 ай бұрын
love the thorough explanation!
@allaboutruselia52833 ай бұрын
You've done a great job, Michael, despite knowing it's not easy to evict them; we understand it's for the best.😇
@alejandroveganussgen65693 ай бұрын
A wrap can be a good solution, but it could be an issue if the note gets called due. I know in your case, Michael, you'd refinance and pay off the note. However, this option may not be available for everyoe, especially newer investors.
@jessicagow-lee40653 ай бұрын
I would love to see more of an explanation of what a wrap is and how it works.
@crlsalva13 ай бұрын
On the wrap option, are you spending 40k to fix the property and make it worth 322k?, if so how do you get that back?
@VictorChirkin3 ай бұрын
Wrap or lease option
@michaeldfranke3 ай бұрын
Thanks for your input 💪
@josepicano66323 ай бұрын
Careful going through mail like that on KZbin. Not sure the laws in your state but typically that’s very illegal. Love your content would hate to see them go after you for that.
@mehmetidristv3 ай бұрын
wrap looks like an good option on this one or maybe leasing out with option to buy
@michaeldfranke3 ай бұрын
I’m thinking the same
@CurtisMenne3 ай бұрын
Wrap!!!
@Carlos.Buestan3 ай бұрын
Wrap
@michaeldfranke3 ай бұрын
We just may do that
@mcr2k20003 ай бұрын
Rent
@michaeldfranke3 ай бұрын
We might 🤷🏼♂️
@coltoneg3 ай бұрын
Wrap
@michaeldfranke3 ай бұрын
May just have to do what the KZbin comments tell me