Old Blog - The Kwak Brothers - Part 24

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Pay Off Your Loan Or Invest? Know What’s Better For You

Time and time again, I see people choosing to focus either a mortgage or an investment but not both at the same time. But which option is better to start with? In this article, I will show you how you can invest AND pay off your mortgage without the diminishing effects of either process. I want to show you that it’s possible to pay off your mortgage and invest simultaneously. More often than not, such a decision often depends on your financial situation. While many people believe that paying off money is best since it saves on your interest payments, others may want to invest their extra

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BREAKING! The Eviction Problem Just Got WORSE 😧

The eviction moratorium has completely expired and the US Supreme Court ruled against the CDC wanting to extend the moratorium. In addition to this, recently the Federal Unemployment Benefit also expired this week and the Biden Administration has no intention of bringing the unemployment benefit back as the economy is starting to open up.  https://www.youtube.com/watch?v=uaTUQruQjKQ In this video, I’m going to unpack what this all means and how real estate investors could potentially benefit from the eviction

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August 28, 2020

Episode 18: August 28th Weekly Update

This week is all about the market. In this update, Daniel discusses some current events, shares what’s new with him and the Kwak Brothers, and finishes with some wise words for anyone looking towards the future of real estate.
August 25, 2020

Real Estate Vs Stock Market: PROOF One Is Better Than The Other!

Real Estate Vs Stock Market: PROOF One Is Better Than The Other! In this video, I am going to get into WHY I choose Real Estate Investing over investing in the stock market. There are 5 reasons WHY. But before we get into that, I want to share a quick story. When I was 19, I made a decision to stop being poor and I am going to start making decisions to help me financially. My Brother Sam and I grew up in a low-income family and we didn’t have very much, but one day, I made a decision to change all that. I started looking at the stock market, commodities, bonds……You name it, I was looking into it. The major thing I realized is that stocks have the potential to get to absolutely ZERO (point of no returns), for example, if you took $100,000 and invested it, and it went to ZERO, there is NO chance of getting your money back, down the toilet, just like the company you invested in (like Blockbuster video, one of my favorite childhood destinations). There is always going to be industry distributors, Blockbuster Video went out because of streaming services like Netflix. So for the real estate vs stock market debate, I pick real estate every time! #1: Risk As I said before, there will always be industry disruptions (Blockbuster vs Netflix) so there is always a chance that a business can lose EVERYTHING in the real estate vs stock market investing debate. With Real Estate Investing, there is always a way to have an exit strategy to where you can cover your loss. There is always some kind of value in rental properties when it comes to the real estate vs stock market debate. #2: Volatility Take Elon Musk, for instance, went onto The Joe Rogan Podcast, smoked some dope, and the Tesla stock dropped 9% in a matter of minutes. Did anyone see that coming? I don’t think Elon even did. With Real Estate Investing, there is time, data, and some concrete evidence of stability, another point to the real estate vs stock market debate. #3: Insurance Is there an insurance policy out there that will protect your stock market investments? I don’t think so. Is real estate insured? You bet! That’s why I pick real estate investing when it comes down to the real estate vs stock market debate. #4: Control If you invested $100k into a company, do you have any decision-making abilities? Are you on the board of directors? Nope. If you own a 24-unit apartment building, do you have a say in how it is run and maintained? Absolutely! Again, a big reason why I choose what I do in the real estate vs stock market debate. #5: Returns Now, this is the most debated topic on the topic of real estate vs stock market. Now just to quote Warren Buffett (possibly the best stock market trader ever), “No one can predict the stock market, NO ONE!” With real estate investing, everything is shown in the rent roll documents!
August 21, 2020

Episode 17: August 21st Weekly Update

In this weeks update, Daniel discusses some news on the market right now, shares what’s new with him and The Kwak Brothers, and finishes with some wise words from Oswald Chambers.
August 18, 2020

EIDL Grant | SBA Investigating Frauds!!!!

EIDL Grant and EIDL Loan Applications are now being investigated for Fraud! It appears that SBA may have started investing the EIDL Grant, which is the free grant of $1k to $10k depending on your employee count, and the EIDL Loan application process for fraudulent applicants. These are the EIDL Grant and EIDL Loan application that was submitted by individuals who have no legitimate businesses and are lying on the application saying that they do have a business. An article was recently published by Washington Post about suspicious applications for the EIDL Grant and the EIDL loan and that the SBA is now beginning to take notice of this. https://www.washingtonpost.com/business/2020/07/15/sba-eidl-loan-program-coronavirus/ Interestingly enough, a large number of people living in Apartment locations have applied for the SBA EIDL Grant saying that they’re an agricultural business. 2 months ago, the SBA EIDL program was indeed closed and allowed applications only from agricultural businesses. So much so that the SBA managers have begun notifying the frontline workers to screen out for suspicious applications. Such suspicious applications apparently have just the right number of employees to qualify for the $10,000 grant, applicants calling SBA specifically about the grant while ignoring the loan terms. And while this may sound funny and dumb but some applicants even put down their apartment address as the business address claiming that they run a 10-employee barbershop and an auto-repair shop. And at the same time, I know my videos have helped potentially thousands of businesses who struggled to understand the SBA EIDL Grant and the Loan program. But it is a bit disappointing and frustrating that the information has also fed the wrong mouth. Because of all the fraudsters out there, there are fewer legitimate businesses that didn’t get the chance to save their business. Now, The SBA hasn’t commented on how they’re investing – which is a smart move. Especially since if SBA does disclose their investigative methods, the same fraudsters would try to skirt around the investigations. I do have some ideas as to how the SBA will investigate fraudulent applications but I won’t even begin to name ideas … well because of fraudsters. But here’s what I think the SBA should have done from the beginning to avoid this mess and I hope to see this implemented in the near future. As soon as the CARES Act was passed, I think the SBA should have gotten to work to build an up-front algorithm or a screening tool to match all the business Tax ID to the IRS database to see if there were any taxes or business-related filings were made. SBA could have easily screened out those applications that didn’t file a Schedule C, Form 8825, or Schedule E on the personal taxes, and Form 1020, the 1020S, or the partnership tax form of 1065. When you applied for the SBA EIDL Loan or the SBA EIDL Grant, you checked off a box saying that you agree to certain terms and conditions… One of those terms and condition reads: Not only is it illegal and immoral to lie but by you falsely applying for the SBA EIDL Loan, you might be taking away something that a legitimate business desperately needs to survive right now.
August 18, 2020

Cash Out Refinance VS HELOC: Which is BETTER for Real Estate Investing?

Cash Out Refinance VS Home Equity Line of Credit (HELOC) which one is better in the context of real estate investing? In this video, I am going to talk about the differences between cash out refinance and the home equity line of credit (HELOC), what are the pros and cons when it comes to using it for real estate investing, and what are some of the things you should watch out for when using a cash out refinance or HELOC. A brief summary of what both cash out refinance and a home equity line of credit involves taking the equity out from a real estate property and turning it into reusable cash, essentially borrowing from how much equity you own in a property. BUT cash out refinance and a HELOC are structured differently AND it affects the cost of borrowing! A cash out refinance, for example, for real estate investing purposes, benefits those in a high equity position in their property, meaning, upwards 80%-100% in order to have enough cash to use as investment capital. A cash out refinance works the same way as a regular mortgage. During the process of getting a cash out refinance, the bank requires a property appraisal so they can value the home properly. Just like getting a traditional mortgage, the bank looks at FICO scores and credit rating to determine your interest rate. And then typical costs associated with closing on a typical mortgage. Once all the documents are signed and good to go, the bank will cut you a check and send you on your way! A home equity line of credit is similar to a cash out refinance in the sense that you are borrowing from your property’s equity, but instead of refinancing, a HELOC is a line of credit, so its revolving debt as compared to a cash out refinance, where it’s installment debt. So it’s essentially a line of backed by your property’s equity. So one of the big differences between a cash out refinance and a HELOC is the way the debt is structured. A cash out refinance, being an installment debt, is a one-time use type of loan. So once you get that check from the bank, after being approved for a cash out refinance, you can only use it once. On the flip side with a HELOC, it’s a line of credit, so you can continue to use that line of credit since it is revolving debt. So when it comes to using either for real estate investing, the HELOC can be used again and again! So in conclusion, I choose getting a HELOC over a cash out refinance in regards to real estate investing, more flexibility, more opportunity for investing The Kwak Brothers are millennial real estate investors who have acquired over 82 Units of Rental Units and have raised over $20,000,000 of capital for their real estate deals. They are based out of the Chicago-land area and they are dedicated to helping hard-working people become financially free real estate investor! They specialize in owner financing acquisition and raising capital. They are the creator of the FORCE Strategy (Find the deal, Owner Finance It, Raise the Capital, Cashflow It, and Expand your Financial Freedom)📧 Get Our 1:1 Real Estate Investing Coaching and Mentoring: https://52.54.205.26.104.nip.io/thekwakbrothers