economic crisis 2020 | The Kwak Brothers

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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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September 9, 2020

Housing Market Update: Real Estate Bubble About To Pop? (economic crisis 2020)

Housing Market Update: Real Estate Bubble About To Pop? (economic crisis 2020) Welcome back to your housing market update its September 8, 2020, and here is the new housing market update! ***UPDATE*** Every new housing market update video will be going out every Tuesday night at 6pm Central time. The Citadel Link: https://charity.gofundme.com/o/en/campaign/citadel-global-ventures-start-up-fund?fbclid=IwAR0U53wh5m8H4VzUhcInL5ZT5AKNFO9S1bGoo8RqWVglGx9rBodqOBcs2CE 0-75 Units In One Year: https://0to75units.com/book-order1587970091604 0:00 Intro 1:11 Residental housing market update 3:00 Is it a good time to buy a home update 4:22 My thoughts on the residential housing market update 5:43 Texas housing market update 6:30 Total job losses 7:00 Will foreclosures happen? 8:15 Action steps for real estate investing 8:30 Commercial real estate update ****Residental Housing Market Update**** Mortgage rates for this week according to Freddie Mac, as compared to last year, are still at an all-time low. This is a significant drop in mortgage rates for the housing market update. The average real estate mortgage monthly payments have dropped $120 per real estate mortgage payment since the beginning of the year. In this looming real estate bubble, is it a good time to buy a home? My answer is still NO. The real estate market showed no sign of slowing down in the month of August. Everyone has been saying the housing market is red hot right now, which is from artificial reasons and could really cause the real estate bubble to pop sooner than later. And the stats from the month of August for the housing market update cause alarm because home prices are going up and inventory is selling very quickly in real estate 2020. And 56 days is the time a home will sell in the real estate market, almost a week quicker than previous years in the housing market update. Also, the average real estate home cost is up by 10% since last year’s housing market prices. Also the inventory for real estate is 36% lower than last year’s real estate numbers. I am not as optimistic as most real estate agents, mortgage brokers, or anyone who is trying to make money from you in the real estate market. Delinquency rates are at a record high for the housing market. There are many people flocking to Texas for real estate and in this housing market update, I am here to tell you Ft. Worth and Houston both have high mortgage delinquency rates. Thanks for watching Housing Market Update!
September 1, 2020

Recession 2020 | EFFECTIVE Strategies To Protect Your Business & Yourself!

Recession 2020 | EFFECTIVE Strategies To Protect Your Business & Yourself! Given the current events in the country in regards to the housing market, national consumer debt, and many other economic factors. Are we heading for a recession 2020? No one has a crystal ball to look into the future, but there are many signs that point to a recession 2020. In this video, I am going to show you how we plan on protecting ourselves during the recession 2020 and we will be sharing tips on how to do the same for your small business, your personal finances, and financial education. Technically, by definition, we already are in the recession 2020. The 2nd quarter of 2020 showed a 32% loss in GDP and the 1st quarter of 2020 showed a 5% loss and by definition that is a recession. To be frank, I believe things will get worse before they get better. So continuing in this video, we are going to show you exactly what we are doing to protect ourselves during the recession 2020. The first step that we are taking is budgeting. Cutting back on buying those expensive coffee’s and building up some cash reserves. One person, I don’t always agree with is Dave Ramsey but he makes a point that I absolutely agree with. Dave Ramsey talks about how you have to change your lifestyle to change your finances in his financial education. These personal finance tips will help during the recession 2020. Step two is to pay off debt…..quickly, along with building up a big cash reserve. One of the big problems with the recession 2020, is that many are overleveraged and have a large amount of credit card debt and maybe can’t get out of debt. So make it a goal to pay off debt, especially credit card debt. Secondly, building a huge cash reserve will safeguard us just in case we have a drop in income, and in the event that housing market prices are low, we can acquire those assets. And number three is raising capital. So if you are into real estate investing or had an interest, right now is a perfect time to do so. There is going to be a big buying opportunity in 5-6 months and if want to get into real estate investing, it will be a perfect time to do so. And lastly, we are looking to turn our liabilities into assets. For instance, if you own a home, find a way to utilize the space to generate income. And that’s how you prepare for Recession 2020.