recession | 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 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.
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July 2, 2020

Recession 2020: HIDDEN Real Estate Strategies

Real Estate Investing Strategies During A Recession! What should Real Estate Investors expect during Recession 2020? Well, our friend Randy Pertler (30-year real estate investor) stops by and shares his vast knowledge about real estate investing strategies during the Recession 2020. Now, the effects of the Recession 2020, that we are currently in, are not yet known for the housing market, we have yet to see the full effects (it will take some time). During the Recession 2020, the value of properties (residential/commercial properties) will be negatively affected by a recession. The result is an abundance of foreclosures which raises the opportunity for investors to acquire properties from distressed sellers. This may sound like a negative/opportunistic action by the investor, but in reality, real estate investors are actually saving those distressed sellers from foreclosure, it’s a win-win. There will be several opportunities for real estate investors during Recession 2020 to acquire properties. The unfortunate reality of a recession is people will be out of work, which means out of money, and will not be able to pay their mortgage. What does that mean for the investor? Opportunity for short sales, subject-to strategy to help property owners with existing financing, and/or lease with an option to buy. Lease options give a renter a choice to purchase the rented property during or at the end of the rental period. This is a great strategy for people who may have foreclosed or are in pre-foreclosure caused by Recession 2020 and you, as the investor, acquired this property already. Most families have already established themselves in the home, school district, neighborhood, etc…..And maybe do not want to move. You as the investor can give them this option to families affected by Recession 2020. Short sales are when a financially distressed homeowner sells his or her property for less than the amount due on the mortgage. The homeowner is underwater and they can not sell their home for the price they owe. You as the investor can work on the homeowner’s behalf to negotiate with the lender for a price on the home. Typically, banks & lenders do NOT want to go through the foreclosure process because it can cost time and money. ALSO if they have so many foreclosures on their books, The Fed will be less likely to lend to them based on their numbers….another effect of Recession 2020. Recession 2020: An opportunity for investing and helping the unfortunate.
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