All Forum Posts by: Jonatan Cris

My name is Jonatan, and I am thrilled to be a part of this vibrant property investing community. As someone who has always had a deep passion for real estate, I believe that the heart of every home is the kitchen. This belief led me to pursue a career in kitchen remodeling, and I am proud to run Evolution Home Improvement LLC, a business dedicated to transforming kitchens into beautiful, functional spaces across New Jersey.

Over the years, I have seen firsthand how a well-designed kitchen can enhance the value and appeal of a property. Whether you're flipping houses, managing rentals, or simply looking to increase your home's market value, a stunning kitchen remodel can make a significant difference. I take great pride in my work, combining quality craftsmanship with innovative design to create kitchens that truly stand out.

While I am deeply committed to [Your Company Name], my passion for real estate extends beyond just one room. I love discussing market trends, sharing renovation tips, and exploring investment opportunities. I'm here to learn from all of you, share my experiences, and hopefully collaborate on exciting projects.

If you're ever in need of kitchen remodeling advice or services, or if you'd like to chat about real estate in general, please feel free to reach out. I look forward to connecting with you all and contributing to this amazing community.

It doesn't matter if you are male or female or identify as a horse, the truth and reality is that this is a business and in order to succeed we need to learn not only about what we are doing but also learn mental fortitude.

It is a great thing that you are able to make such mistakes without going bust, many new investors have gone bust for much less and gave up.

If I may make a recommendation.
Feel bad, that is a good thing, feel low and hate yourself. When you are done feeling sorry for yourself get up and say "NEVER AGAIN" and use that feeling to drive you forward. That feeling will give you enough strength to go further than you ever have before. You will get to a point where you think that your past mistakes or failures are insignificant. (This I say from personal experience)

Making a mistake is not the end of anything, not unless you give up.

“Whether you think you can, or you think you can't – you're right,” - Henry Ford

I AM LOVING EVERYONES INPUTS!
All the opinions and ideas are awesome, thank you all very much for being a part of this discussion.

The things that everyone is saying is interesting, but still does not explain a 30% price increase on the properties in my area.

@Kathy Henley the median household income has not risen, instead people are taking advantage of a stimulus that is giving them more cash and opening the doors for them to buy more. Down payments in almost all the lender I have spoken to are at the normal 20 to 25% for investors, true, but are at as low as 5% for home owners on a 30 fixed conventional. So the fact that people have the down payment does not mean that they actually have the acquisition ability to do so, but I believe instead over leverage themselves into buying properties that they can not sustain.

The properties that I have mentioned of having a 30% increase on their value have not had any work done in the last 10 years. They just magically went from selling for 340k to 590k over night with no real explanation but (people are paying it, so, whatever).

I believe in the capitalist system and in supply and demand, and if it was created because less people chose to just stop selling and keep the properties I would understand, but this was all caused by a global pandemic that is still wreaking havoc. 

So my big question is. 

What will happen when Covid finally ends and the market corrects itself and house prices drop, and at the same time people lose the ability to sustain their properties because they lose the added help from the government?

In order for the current prices to make sense earnings would have to rise to be able to have the acquisition power and debt to income ratios required to purchase houses at those prices. And to be honest I don't see wages going up any time soon.

I love this conversation, thank you all for participating.

Hi all, I just wanted to share my thoughts and start a conversation on this subject.

In Hudson County New Jersey the average appreciation for the last 5 years has been around 3%, you could see houses for around 350k to 400k fully remodeled. But since January 2020 it has gone up to an insane 30% or more and now it is very hard to find properties in my area for under 450k, and they are to be fixed up.

It is my believe that this is only due to Covid and might even cause a crash since people are overleveraging themselves to be able to take advantage of the amazing interest rates that are also unprecedented.

I think that the market will correct back to the normal prices soon and that is the point when people will start having trouble with their properties.

Hi Mark. 

The house now is worth around 300k. when we bout the loan was for 275k and we have paid 2 years and 3 months.
I have not spent the time to get the exact equity number because I am looking to get knowledge on a broader scale. 
I want to hear ideas and ways to get any kind of equity out of a house.

We are looking to buy our second home soon. We are in the New Jersey area.

Our question is can anyone give us any ideas or ways so we can better use the equity we have on our existing home for it?

Our house is on an FHA right now and we have around 30k in equity on it.

We have been looking into HELOC or HEL but we are wondering what other options are there to get that money out and straight into our new home.

I am sure there must be many other ways and I am looking to learn all I can. 

Thank you all for the time and long live BP!!

Hello @Account Closed,

I sent you a PM, ask me anything you would like to know.

Cheers.

Hi @Alex Franks,

I have sent you a PM, feel free to ask me anything you would like to know.

Cheers.

Hi Jose,

Thank you very much for that information. My personal comment about Mexico was only related to what is seen on the news and heard of from friends that live there. 

I have never been to Mexico but hope to someday. Sounds like your area will have a huge boom very soon. might as well take advantage of it will you still can.

I also believe we all have a change to make wealth and get ahead worldwide, we just gotta be smart about it and pick and chose what fits us personally.

Again thanks for the feedback. I wish you the best of luck!!

Regards.