Lets discuss the new stimulus plan update which includes mortgage and rent cancellation for 2020 – Enjoy! Add me on Instagram: GPStephan
Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1400): https://act.webull.com/k/Vowbik9Tm5he/main
BIRTHDAY DISCOUNTS: UP TO 50% OFF FOR 48 HOURS ONLY:
2x Per Week Mentorship: https://the-real-estate-agent-academy.teachable.com/p/graham-stephan-mentorship-program/?product_id=1837685&coupon_code=17OFF
The YouTube Creator Academy: $200 OFF:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=200OFF
Real Estate Agent Academy: $200 OFF
The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $125 million in sales: https://the-real-estate-agent-academy.teachable.com/p/the-real-estate-agent-academy/?product_id=503039&coupon_code=200OFF
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
New stimulus plan proposal update: https://omar.house.gov/sites/omar.house.gov/files/Bill%20Text%20-%20Rent%20and%20Mortgage%20Cancellation%20Act%5B1%5D.pdf
All rents and mortgage payments would be “cancelled” for an entire year. This would apply to everyone:
-All rent payments will be suspended on your primary residence
-No tenants shall incur any fines for nonpayment of rent.
-No tenants shall have their unpaid rent be treated as an owed debt
-No tenants shall be held liable for repayment of debt
-And, lastly…this unpaid rent will NOT affect your credit score.
Second, we’ll move on to MORTGAGE PAYMENTS:
-All mortgage payments will be suspended on your primary residence
-No home owner will be liable for repayment of those mortgage payments
-You will NOT be foreclosed on for missing your mortgage payments
-No fees or penalties will be incurred during this time
-And not paying your mortgage will NOT affect your credit score
The Secretary of Housing And Urban Development shall set up a RELIEF FUND for landlords who can be reimbursed for lost rent to offset their cost. To be eligible for this, the landlord must ensure that they follow these guidelines for the next 5 years:
-One, they’ll be subject to a RENT FREEZE – meaning, they cannot raise the rent for that property for 5 years if they accept relief funds.
-Two, the landlord cannot evict the tenant without JUST CAUSE – or, in other words, you can only evict a tenant for violation of the lease, or eventual nonpayment of rent. You can’t just evict them because you’re tired of having them as tenants, or because they don’t smash the like button for the algorithm.
-Three, the landlord cannot discriminate against the source of income from the tenant, and during a vacancy, you must make it available to government assistance programs.
-Four, you can only receive the amount of rent you were getting BEFORE the Illness happened…not after.
From there, The Federal Government would create an additional relief fund for LENDERS where they could be reimbursed for the lost mortgage payments during this year. And, there will be another fund set up for housing acquisition, with the purpose of buying multi-family properties to ensure that people have a safe, affordable place to live.
Although, as a landlord and real estate investor myself…who also has a mortgage…there’s a lot more to this than the bill is letting on, and I have some serious concerns about how this could be implemented, which I discuss in the video.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
source
If the Republicans want to keep him in office they better pass this stimulus bill NOW. He's losing voters because of the way this virus has been handled. I hadn't voted in over 30 years until he ran & I've been with him strongly up until this week. Laid off from a job that I had to borrow money in order to move across the country for , now can't pay rent losing everything will have to sell my belongings to have gas for moving back home to live with a relative. Can't find a job that will pay enough to keep up with the rental contract. There's jobs making 80% less, should afford dinner & my car payment. Car seats aren't very comfortable for sleeping, they don't have a toilet nor shower. Don't have to worry about where to keep my clothes since losing the shirt off my back. On the fence today about voting for him but know Nancy & a few others need to go. Would love to tell them, step into my office you're all @ucking FIRED.
Hopefully he gets better soon & kicks these senators into gear.
Do a quick google search for ECOM BAZZOID someone posted your courses Graham
Do a quick google search for ECOM BAZZOID someone posted your courses Graham
But, I live in the UAE🤣
your so cold you just threw me under the bus screw ya jerk
Did it pass??
I believe that it's nice that the government is trying to help some people but I believe that by doing that he's actually hurting others especially the landlords and all the other businesses I strongly believe that it's a great idea to help the tenants but at the same time help everybody out also there should be rent vouchers, food stamps depending on the size of the household money for their utilities, medical insurance, pretty much all their needs at the time of need but there should be a qualification for this vouchers or all this assistance. tenant's should be able to prove that indeed they were affected by the covid-19 they were laid off, they got sick due to the Coronavirus, they can show proof that they're not making the same amount in their businesses or any amount if they completely lost their income. if that's the case then whatever they cannot cover with their unemployment they should be getting assistance if they don't have unemployment then they should be able to qualify for the 100% full vouchers and if their situation changes then that should be mandatory to be reported it's important for all of this to be regulated. It is so important that Tenant and landlords and other businesses are helped at this time of need I should not have to not be able to pay there should be no reason for them not to be able to pay mortgage or their rent especially with the unemployment or the government assistance for those that qualify and there were truly affected by the virus should definitely have the help for all of our necessities that we need without having to stop making rent or mortgage payments. Landlord should be entitled to their rent so that they can keep their businesses up to float and prevent in the future a worse recession. I strongly believe that vouchers will be the way to go.
please make pizza free too for a year sobs
has this pass??
Donald Trump: "The cure can't be worse than the virus."
…. Too late….
home rent or mortgage is fine…?? what about big credit card bills is there any excuse ??
Freee🤔🤔 doesn't pass sniff test
She my rent is 2500 where can I fine 1100 for rent lol
Do you understand that this is Socialism on steroids
Ok how about I live in a trailer but pay rent on the land my trailer sits on?
Is this bill out yet or still in process? If its out already. Where do we apply for it?
Just wanna be rich like Graham 😆
Is this stimulus bill planned ? Or is already currently in effect?
If it goes back to April 2020, will rental paid for April be refunded back?
Um, why is he saying he wouldn't have to pay his mortgages? Earlier in the vid he said it would only apply to a mortgage on his primary residence. Likewise, wealthy people with multiple mortgages would only have one mortgage effected (their primary residence).
So this bill would force Landlords to pay Property Tax, Property Insurance, and Property Repairs out of their own pocket while Renter doesn't have to pay for Rent for x amount of years while completely violating the Rental Agreement Contract? No Thanks! In that case, terminate the Rental Agreement Contract due to Breach of Contract to close the Business and then sell the Property or keep it until the Bill expires.
They will pay off all debt. Reset is the only way
You are still going to have to pay taxes and insurance, Than as a property landlord you will still have to pay for the maintenance on the property. The finance companies do not get their money so they do not loan any more money out. People do not buy thing like trip, cars or homes equal less jobs. Bad idea.
Dear Ilhan Omar, your proposed bill is a threat to the sovereignty of the U.S. and violates our right to the pursuit of happiness of our country. Please keep your communist socialist hands out of my pocket, i saved to buy my property, i pay my share of property taxes, and i also pay for the upkeep and maintenance, so i am we’ll within my right to rent, lease, or sell to whoever i feel like. Why don’t you focus on teaching people how to work and be responsible instead of enabling them to depend on others. I hope all your bills get pushed away and they never go thru that way you can die mad and you will only be remembered as the congress lady that tried to destroy the freedom and sovereignty of OUR beautiful country!
How bout a video on H.R. 6492? This doesn't seem to be getting any
attention and would go a long way for those of us that need to take
advantage of forbearance.
How bout a video on H.R. 6492? This doesn't seem to be getting any
attention and would go a long way for those of us that need to take
advantage of forbearance.
Rent free in my mind.
U da best. I agree
Dont want the government paying my rent. If they want to help: Give me the cash and will take care of my own affairs. This would just bring onto the government tit!!
Between unemployment and the $600 PUA, that's plenty to pay rent and mortgage.
All this stuff for free. But having a wife or girlfriend cost a fortune.
It would make more sense to just add on to the rent that you owe onto the following months when this is over.
So if you were paying $1,500 a month. And couldn't pay for 2 months.
So now you'll make a contract with the landlord, that you will pay and extra $250 a month, for a year.
Graham, huge fan here. Is there a good resource that you recomend to find rental property laws for my state and also federal? I would like something that i can read without having to sort through unrelated laws? Could be in an old video but have seen it yet. Thank you.
A lot more simple to just give money each month
To bad I don't owe nothing on my place so that don't help me I still got pay property taxes
is rent even going to go up in the next few years?
This is politicians way of sucking every American into sharing responsibility for their spending scam. Don't think any handouts are actually free. Later, down the road when the reckoning comes, you'll get the bill, with an unbalanced payment plan.
No such thing as free money right Graham?….get ready for high inflation ….and economic collapse if we keep going like this…. a days wage for a loaf of bread? (BIBLE PROPHECY)
We really need our economic policies to be made by a panel of expert economists and financial experts like Grahm and Dave Ramsey! 🙂
HAPPY BIRTHDAY! 🙂
Happy early Birthday Graham!!!!!!