election impacts | 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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November 18, 2020

2020 Election Aftermath on Real Estate and Lending

2020 Election Aftermath on Real Estate and Lending In this video, I look over what the aftermath of the 2020 election will look like for either Donald Trump or Joe Biden. Joe Biden has been very open about his tax policies. He is looking to raise the corporate tax and get rid of a lot of tax benefits in the real estate investing world. I can say that Joe Biden’s tax plan, does not look good for business owners. Joe Biden wants to get rid of the step-up basis which would cause a tax on people inheriting property. Currently, there is no tax on inheriting a real estate property. Secondly, Joe Biden would want to do away with 1031 exchanges, which would cause a lot of real estate investors to be taxed on several investments. The issues that Donald Trump would have to deal with the fallout of the pandemic. What will Donald Trump do to recover from the economic issues that the lockdowns have caused? The 2020 election has been a rollercoaster. Now that we are 1 day away from the presidential election 2020, what will the aftermath be if either candidate wins? How much will the taxes be raised under Joe Biden for business owners and real estate investors? How will Donald Trump handle the fallout of the pandemic and get our economy back on track on top of dealing with the expiring eviction moratorium? Time will only tell but what I can tell you is that if Joe Biden is elected, it does not look good for people who are business owners and real estate investors. Joe Biden is looking to get rid of a lot of different programs that currently benefit real estate investors. Joe Biden’s tax plan would also raise corporate taxes. With the abolishment of the 1031 exchange and the step-up basis for selling inherited property, will that deter people from becoming real estate investors? Joe Biden’s tax plan may look good to those people who work a regular 9-5 job and I am not saying that I want the W2 workers in the country to not benefit from his tax plans, I am just curious to what the ramifications of Joe Biden’s tax policies. Will it hurt the housing market and the economy? Will there be affordable housing for those W2 workers that are provided by real estate investors? On the flip side, we have already seen what Donald Trump’s tax policies have done for the past 4 years, but he has a whole other set of problems to deal with. Like getting the economy kickstarted, but how can Donald Trump do that safely? This is an issue that both presidential candidates will have to deal with, but it’s more of an uphill battle for Donald Trump because he is actively pushing to get the economy going again and coming up with a solution for the housing crisis for both tenants and landlords. It should be an interesting few days with the election tomorrow. Stick around for more updates and thanks for watching!
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October 20, 2020

Housing Market: SURPRISING Effects from Elections…

How do elections, specifically presidential elections affect real estate, housing markets, and all things that relate to the real estate market? Well in this video I am going to breakdown EXACTLY what to look out for when it comes to real estate and presidential elections. As we all know during elections, many things could potentially change in the housing market depending on the policies of the candidate. BUT there are 2 main differences when it comes to real estate and presidential elections. When it comes to commercial real estate (stores, warehouses, multi-family units) more of the effect of the local elections has more to do with commercial real estate while presidential elections affect residential real estate. Why is that? Well stay tuned and I’ll be breaking down exactly why real estate and presidential elections affect the housing market! So back to my point earlier on how real estate and presidential elections affect the housing market. The housing market as a whole, meaning real estate, single-family homes, places where people live, are more affected by the presidential election. In comparison to commercial real estate, multi-family units, warehouses, are more affected by local elections. This is because local elections create local laws and tax codes that directly affect their local area. Tenant laws, landlord regulations, zoning, and everything that encompasses commercial real estate, is bound to the local government laws. The net operating income is the number that a commercial real estate property performs in regard to profits. This is a calculation that investors use to see if a commercial real estate property is worth investing in or not. My second point when it comes to real estate and presidential elections is that residential real estate is affected MORE than commercial real estate. For instance, President Trump signed the tax cuts & jobs act of 2017. In a nutshell, you CAN NOT write off over $10k of expenses in a home over $400k. This hurt a certain class of people but homes under this price went lower and we saw some growth in the housing market for those prices of homes, which means people were buying more homes in that price range. Especially in states that have a budget problem. Lastly, in regard to real estate and presidential elections, you will see the prices of homes decrease. This is because of the financial uncertainty in the new president if a new one is elected. So people are less likely to spend, especially in the housing market, without knowing the outcome of said election. And generally, during fall months, prices drop anyway, regardless if it is an election year or not. So now you know how real estate and presidential elections are connected!
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