Stimulus Check Update: CONFIRMED Eviction Moratorium Until December (September 2, 2020) Welcome back to your stimulus check update for September 2, 2020. 0:00 Intro 0:11 Eviction Moratorium Extension 1:15 New Stimulus Package Proposal 1:53 Mnuchin & Pelosi Meeting 3:28 President Trump's Execute Order 3:42 Payroll Tax Cut VS Payroll Tax Deferral 4:52 Sharing Idea From Meet Kevin 6:04 Federal Reserve News It is believed that President Trump & the White House are using the authority from the CDC to enact an eviction moratorium extension until the end of the year. President Trump signed a memorandum that will extend the eviction moratorium to prevent an eviction crisis due to the pandemic. Although there are some stipulations for the eviction moratorium extension; as a single tax filer, if you make less than $99k you are protected from eviction and for joint tax filers if you make less than $198k you are protected in the eviction moratorium. Next week when Congress is back in session on Sep. 7th, there will be a new stimulus check proposal during the next session. This means we may see a second stimulus check, PPP program, and many other provisions from the stimulus package. There is some positive news from Sec. Mark Meadows claiming that Democrat lawmakers will be happy with the next stimulus package. Sec. Mnuchin & Speaker Pelosi had a phone meeting yesterday which.....really didn't get anywhere with any stimulus check update. The biggest hangup is the funding for State provision which will make the stimulus package significantly more expensive, but Speaker Pelosi is open to negotiating that in January. As of yesterday, President Trump's executive order when it comes to the payroll tax comes into effect. Just a reminder it is not a payroll tax cut, it is a payroll tax deferral which means eventually, you as the taxpayer, will need to pay for your payroll taxes from the payroll tax deferral program. There is a possibility that President Trump may sign an executive order forgiving the payroll taxes next year. But we are still unsure if it will turn into a payroll tax cut or will just stay as a payroll tax deferral. Meet Kevin had a great idea for the payroll tax deferral, redirect the funds to an escrow account, and IF payroll tax deferral turns into a payroll tax cut, the employer can distribute the funds to their employees as a bonus next year! Federal Reserve released a report saying NO inflation for the next 5 years! 😃 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.