unemployment update | The Kwak Brothers

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. 

In this video, I’m going to unpack what this all means and how real estate investors could potentially benefit from the eviction crisis!

September 14, 2021

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 crisis!
January 4, 2021

$600 Stimulus check – It’s Coming… (might be $2000)

Second Stimulus – $600 Stimulus Check Coming… Just 1 hour ago, the key negotiators from the Democrat and the Republican sides have finally reached a deal on the ~$900 billion dollar COVID Relief bill (stimulus bill). Now, the bill has not been passed just yet but it is scheduled for a vote tomorrow (12/21/2020) on both the House and Senate floor. Right now, both chambers have to pass a stopgap measure to prevent a government shutdown by midnight EST. 12/28/2020 Update – This Bill has been signed by President Trump on 12/27/2020. A possible amendment to the bill may come where the congress may vote to change the $600 stimulus check to $2000. More updates coming soon. Here’s what we know so far… 1. COVID Relief Bill text is not available just yet. ( I will update this once the text has been released) 2. $600 per adult and child. (No specifics on age restrictions and income requirements) 3. Another round of 9-12 weeks of Unemployment insurance payment will be made available. ($300 a week) 4. Funding for Small Business Owners included 5. MAJOR funding for vaccine distributions, schools, and more! The BEST part about this news is that both the Democrats and the Republicans have finally come together to agree on something! *(FINALLY)* I would personally like to see more of this unity in our country! I will create more videos as details come to pass…
September 14, 2020

Stimulus Check Update | NEW Bipartisan Congress Stimulus Bill In The Works (stimulus)

Stimulus Check Update | NEW Bipartisan Stimulus Bill In The Works (stimulus) The house of representatives is back in session starting today and we can possibly see a new stimulus bill. There is also word that part of the stimulus is all payroll tax deferral COULD be forgave that was part of President Trump’s executive order. When the house of representatives went back into session today, there were talks of a NEW stimulus bill that would be made up of a team with equal Democrats & Republicans to come up with a bipartisan stimulus bill. The previous Republican skinny bill that was introduced at the beginning of their session was shot down and Nancy Pelosi has refused to accept ANY Republican bill. And just recently, 117 Democrats in the house of representatives, wrote an open letter to Nancy Pelosi URGING her to work with Republicans to come to an agreement for a stimulus bill. Again she decided to NOT take their advice and has said NO to anything that Republicans have introduced as far as a stimulus bill. 0:00 Intro 0:25 House of representatives back in session 0:49 Recap of stimulus news in recent days 1:20 Republican & Democrat committee 2:55 If there is NO progress in Congress 3:40 Payroll Tax Deferral The problem solver caucus is made up of both Democrat and Republican lawmakers to come up with a bipartisan bill that will hopefully pass the house of representatives. It is very possible that within this bill we will see a stimulus check of $1200, an extension of unemployment benefits, and many other stimulus items that have been a part of previous stimulus bills in the past. The stimulus bill would possibly be a little of a trillion dollars which is a little more that what Republican lawmakers wanted to see the stimulus bill be at as far as cost goes and far less then what Democrats want to see in a stimulus bill. If there is no forward progress on this stimulus bill, President Trump has again expressed his intention with using his executive powers to enact any of these stimulus programs. But before we even get to that, we are hoping that the house of representatives will come up with a fair stimulus bill before President Trump has to go that route. There is another new bill that is looking to be passed that will have forgiveness of the payroll tax deferral program signed by President Trump. Many private businesses have opted out of the payroll tax deferral because of the uncertainty in the bill and their employees may have to pay it back next year.
September 10, 2020

Second Stimulus Check Update | NEW Stimulus Details Released (unemployment)

Second Stimulus Check Update | NEW Stimulus Details Released (unemployment) Welcome back to your second stimulus check update for September 9, 2020. 0:00 Intro 0:20 Senate Republican Skinny Bill 0:46 Unemployment Benefit Update 2:00 Paycheck Protection Program Round 2 3:22 Liability Protection Update 4:39 Mortgage forbearance update Safe to Work Act has just been proposed by Senate Republicans which totals $300 Billion. The unemployment benefit of $300/week will be increased ON TOP of the FEMA funded unemployment signed by President Trump. Now, if this unemployment benefit is passed, it will backdate payments going back to the expiration of the cares act unemployment. So that means that the unemployment payments will be back paid from August until the end of the year in addition to the FEMA unemployment benefit. So for 5-6 weeks, the unemployment benefit will be back at $600/week once the FEMA unemployment expires, it will be $300/week until the end of the year. Paycheck Protection Program Round 2 The PPP loan was made for businesses that lost a big amount of revenue, and potentially the ppp loan forgiveness could be applied. In this second stimulus check update, the ppp loan has been extended for businesses that have lost because of rioting. And the ppp loan will cover the expenses for sanitization for your place of business. ALSO the ppp loan forgiveness will be streamlined in order to make the ppp loan forgiveness easier. Liability Protection Update: New updates if you want to sue your employer if you contracted COVID-19 at your place of work. You must know every location and know each person you interacted with, in 14 days of onset symptoms. Second Stimulus Check Update: There is no indication in this bill for a second stimulus check. My speculation is that it will be within the larger stimulus package that the senate will be voting on before the end of the session. Congress and President Trump agree that there needs to be a second stimulus check for the American people. Many reports recently point towards how the stimulus check has increased revenue during the pandemic. So a second stimulus check will be very helpful to American families that may be in dire need of a second stimulus check. But we will have to see if Congress & President Trump can come to an agreement for a second stimulus check. This has been your second stimulus check update! Thanks for watching 0-75 Units In One Year: https://0to75units.com/book-order1587970091604