My First Eviction | Deal Breakdown

[@marianona6366]

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-i4w]

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?

[@willh3734]

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

[@RJ4Loans]

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.

[@michaeldfranke]

This one was definitely not a great buy. But you can’t predict the outcome everytime.

[@jerymeeregalado3428]

Thank you for sharing this, Michael. I like that you are sharing the computation will be.

[@SFWD203]

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!

[@Stvwlsh]

love the thorough explanation!

[@allaboutruselia5283]

You've done a great job, Michael, despite knowing it's not easy to evict them; we understand it's for the best.😇

[@alejandroveganussgen6569]

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-lee4065]

I would love to see more of an explanation of what a wrap is and how it works.

[@crlsalva1]

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?

[@VictorChirkin]

Wrap or lease option

[@michaeldfranke]

Thanks for your input 💪

[@josepicano6632]

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.

[@mehmetidristv]

wrap looks like an good option on this one or maybe leasing out with option to buy

[@michaeldfranke]

I’m thinking the same

[@CurtisMenne]

Wrap!!!

[@Carlos.Buestan]

Wrap

[@michaeldfranke]

We just may do that

[@mcr2k2000]

Rent

[@michaeldfranke]

We might 🤷🏼‍♂️

[@coltoneg]

Wrap

[@michaeldfranke]

May just have to do what the KZbin comments tell me