Stimulus Check Update: BRAND NEW STIMULUS PACKAGE!!!! (August 19, 2020) Welcome back to your stimulus check update for August 19, 2020. How to Pay Off Your Mortgage FASTER: https://www.youtube.com/watch?v=0BkcCCjtdnc 0:00: Intro 0:12: Big stimulus check update 0:42: Reminder about IRS missed stimulus checks 1:15: Student loan reminder 1:37: What to expect in the new stimulus 3:50: Missing direct payment provision 5:02: Congress is coming back this weekend 5:30: How to protect yourself in a recession BIG STIMULUS CHECK UPDATE HAPPENING TODAY! News broke last night about Republican lawmakers proposing a new stimulus bill today. It's pretty much a scaled-back version of the HEALS Act for the next stimulus. What can we expect to see in the new stimulus that is being introduced today? Unemployment Benefits: The unemployment check of $300/week, we can continue to see that until December 27, 2020. President Trump signed a memorandum for $400/week unemployment benefit but some States opted out which brought the amount down to $300/week. Paycheck Protection Program: The ppp loan (paycheck protection program), will most likely be in the new stimulus bill. Previously, the ppp loan was for ALL qualified business in the previous stimulus package bill. Now, if a business has lost 50% revenue from the pandemic, they qualify for the ppp loan. Post Office: There has been a lot of drama surrounding the post office lately. This new stimulus package will include $10 Billion for the post office. Liability Protection: There will be a re-introduction to the liability protection program for businesses. It's a provision to prevent businesses from being falsely sued if anyone contracts COVID-19 from their place of business. Now what IS missing from the new stimulus bill, is the $1200 stimulus check. But I do anticipate and predict that the stimulus check provisions were left out of the bill for a reason. It could be that Republican lawmakers left the stimulus check out of the bill for negotiation tactics to get Democrat lawmakers on board for this new stimulus package. Democrats have been pushing for funding for the post office and Republicans will most likely use the $25 billion to get the $1200 stimulus check in the bill. Congress will be back in session this weekend to negotiate the post office bill that was introduced recently but hopefully, with Republicans introducing this new stimulus bill. 😃 Thanks for Subscribing & Liking our Video! The Kwak Brothers are millennial real estate investors who have acquired over 82 Units of Rental Units and have raised over $20,000,000 of capital for their real estate deals. They are based out of the Chicago-land area and they are dedicated to helping hard-working people become financially free real estate investor! They specialize in owner financing acquisition and raising capital. They are the creator of the FORCE Strategy (Find the deal, Owner Finance It, Raise the Capital, Cashflow It, and Expand your Financial Freedom) 📧 Get Our 1:1 Real Estate Investing Coaching and Mentoring: https://thekwakbrothers.com/thekwakbrothers ⌨️ FREE 7 Day Trial To PropStream Real Estate Investing Software: http://reisoftware.thekwakbrothers.com 📊 Pay Off Your Mortgage In 5-7 Years (On Average): https://www.youtube.com/watch?v=eGVn9iq1e6c 💻 JOIN OUR FREE FACEBOOK GROUP FOR LANDLORDS & PASSIVE INCOME: https://www.facebook.com/groups/bestreigroup 📡 PROTECT YOUR ONLINE DATA AND ACTIVITY WHILE CLOSING DEALS AND GENERATING NEW LEADS WITH NORDVPN: https://go.nordvpn.net/aff_c?offer_id=15&aff_id=40858 🔊 Our Podcast Channels: 📻First Deal Experience: 🔹Spotify: https://open.spotify.com/show/7pnHJSNl7vPVFzq69IzC6B 🔹iTunes: https://podcasts.apple.com/us/podcast/first-deal-experience/id1282240923 📻Property Management Automated: 🔹Spotify: https://open.spotify.com/show/1LTAeRg2ZAT1ATI1mdtWM0 🔹iTunes: https://podcasts.apple.com/us/podcast/landlording-automated-podcast/id1504548975 GET SOCIAL WITH US: 📣Facebook: https://www.facebook.com/thekwakbrothers/ 📣Instagram: https://www.instagram.com/thekwakbrothers/ 📧 Hire the Kwak Brothers to Speak: info@thekwakbrothers.com #realestateinvesting #thekwakbrothers #realestate ======================== ---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.