Stimulus Check Update: Unemployment Benefits & PPP Loan Updates (August 31, 2020) Welcome back to your stimulus check update for August 31, 2020. 0:00 Intro 0:15 Unemployment benefit extension update 2:59 Stimulus Check Update 3:23 The gap for getting stimulus check passed 4:50 The agreed budget for the stimulus package 5:20 Where D&R's disagree 5:45 Is there a chance for a new stimulus soon? New States have been added to the list of applicants to President Trump's $300 unemployment extension which the majority of states that applied, have been approved for the unemployment extension. There are currently 6 states waiting to be approved for the unemployment extension and only a small amount of states that have not yet applied or will not apply at all for the $300 unemployment extension. The new bill that is being voted on in Congress will have a $400 unemployment extension until December 27, 2020. Now some of the experts are saying that the FEMA funded $300 unemployment extension given by President Trump may run out very soon. Stimulus Check Update: Where is our $1200 Direct Payment? Now both Republican and Democrat lawmakers agree to a second stimulus check. They also agree on Post Office funding, Paycheck Protection Program extension, the biggest gap is funding for states. There is about a trillion dollar difference between Democrat & Republican lawmakers and it all boils down to funding for States. Nancy Pelosi did mention that they would be willing to push the decision for state funding to January. Now if you can remember from my previous video, if they agree on provisions, they must be passed. They agree on second stimulus check, they agree on the paycheck protection program, and many other provisions. President Trump, The White House, and Republican lawmakers are all in agreement for the stimulus package update for a price of $1.3 Trillion dollars for a stimulus package. They originally did not agree to go over $1 Trillion but President Trump agreed to an extra $300 billion dollars for the next stimulus package. And Nancy Pelosi went down $2.4 trillion to $2.2 trillion dollars for the next stimulus package. And really that gap is the funding for states. So is there a chance for a new stimulus package soon? Yes, I believe so. There is still a lot to figure out for the next stimulus package but the government is making slow, but steady progress. Stay tuned till the end where I share some awesome advice for the PPP loan 😃 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.