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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 23, 2020

Federal Reserve Impact on Real Estate: Explained For Normal People

Federal Reserve’s Effect on Real Estate: Explained For Normal People In this video, I am going to show you how the Federal Reserve monetary policy & fiscal policy effect real estate prices and how to go about operating our business on a day to day basis. Monetary policy is how the Federal Reserve (the fed) affects the whole economy on a daily basis, especially commercial real estate. But the big three who get affected the most are you/me, the banks, and the Federal Reserve (the fed) lead by Jerome Powell. Now the way this works is that Federal Reserve (the fed) loans money out to the banks, where you and I secure loans and put our savings into. So the federal interest rate is the rate at which banks are lending money from Federal Reserve (the fed) lead by Jerome Powell. Now right now the current federal interest rate is at 0. But that is NOT the interest rate that we would get from our local bank, that is the interest rate that banks borrow from Federal Reserve (the fed) lead by Jerome Powell. Let’s put this into an example of how interest rates work for real estate investing, real estate, and banks for you and I. Let’s say you and other individuals are looking to buy commercial real estate, especially an 8 unit apartment. For commercial real estate investing, now will the interest rate effect the real estate investing strategy as far as cashflow? Yes. And the lower the interest rates, the lower the mortgage payment. And the interest rates not only affect your mortgage payment, but also the cost of commercial real estate. Now, what happens if the interest rates are really low? That means we can make a higher offer for the commercial real estate property to maintain our cash flow goals. So what happens when the interest rates are a lot lower? Those people who are into commercial real estate investing, all can get the same interest rates, so the competition for the price of the property is very high. And with lower interest rates, there is significantly higher competition because more people will be looking to get into commercial real estate investing. Typically when we see demand go up for commercial real estate, properties will be worth more. Now every time that the Federal Reserve (the fed) lead by Jerome Powell, interest rates go up or down, the value of the commercial real estate will go up and down. Now that you know how interest rates from the Federal Reserve (the fed) lead by Jerome Powell, you can analyze deals better for commercial real estate investing.
July 10, 2020

Mortgage Rates Are PLUMMETING! Should You Refinance Your Mortgage? (WARNING)

Mortgage Rates Are PLUMMETING! Should You Refinance Your Mortgage? It’s one of the biggest headlines right now when it comes to the housing market. Mortgage interest rates are continuing to drop to a historically low rate. This opens up the idea of refinancing your mortgage to get a lower interest rate. How to Pay Off Your Mortgage In 5-7 Years https://youtu.be/3f-ebCjeH8o Sounds good right? Sure! BUT in this video, I am going to EXPOSE all the hidden costs of refinancing your mortgage and how mortgages work to keep paying the bank interest instead of paying off the principal. A low number on your mortgage rates look good on the outside, but when you dive deep into the ACTUAL cost of that mortgage rates, it WILL shock you with how much you actually pay! Lower mortgage rates DO NOT automatically mean you’ll be saving money. With mortgage rates continually dropping to a historical record low, many homeowners are looking to refinance their mortgage. I am advising AGAINST refinancing at the time regardless of the record low mortgage rates. Here is why: Your mortgage is on an amortization schedule, meaning that on a 30-year mortgage, the majority of your monthly payments for the first 7-10 years, will be going towards the interest owed on your mortgage. So, if your mortgage payment is $1000, $800 of that payment goes towards interest, while the remaining $200 goes towards the principal on your mortgage. Within 7-10 years of paying this mortgage, eventually, most of your monthly payment will go towards the principal and then less will go towards interest. Here’s the catch though with refinancing for lower mortgage rates.. When you refinance to lower mortgage rates the amortization schedule RESTARTS to DAY ONE! This means the majority of your monthly payment will go BACK towards INTEREST and less will go towards the principal balance! Not to mention all the extra fees; closing costs, administrative fees, appraisal fees, underwriting fees, title fees…….all for refinancing to lower mortgage rates…… This is almost criminal……..so it’s almost like the mortgage rates DON’T MATTER when it comes to actually pay off your mortgage! BUT never fear, here at The Kwak Brothers, we specialize in paying off your mortgage QUICKLY! Here is a link to a video we created SHOWING you how to ACTUALLY pay off your mortgage within 5-7 years, WITHOUT refinancing to lower mortgage rates!