Living In A $3,800/Month Condo In Honolulu, Hawaii | Unlocked

Jeremy Mateo, 27, owns a one-bedroom, one bathroom condo in Honolulu, HI. He pays $3,843 a month, which include his mortgage, HOA fees, the maintenance fees, taxes and insurance fees. Jeremy is a real estate broker and KZbinr. Unlocked is a home tour series focused on how much people spend on their housing, what they get for the money and what they had to sacrifice to make it happen.
It’s taken over two years, but these days Jeremy Mateo is finally feeling at home. Mateo, 27, is a real estate broker in Honolulu, Hawaii, and bought his first condo on Oahu island right before the coronavirus pandemic in March 2020.
It all started in January 2019, when he was showing a unit in a building that overlooked Diamond Head and Waikiki. “Immediately I saw the view and thought to myself, ‘Wow, I need to live here,’” Mateo tells CNBC Make It. “So I made it my absolute goal to earn the income in order to afford to buy a unit in this building.”
Over the course of a year he saved $60,000 for a down payment and worked toward his goal of buying his “dream home.”
Then he spent another year renovating and furnishing his place. The last of his furniture arrived in spring 2021, finally closing the chapter on his homebuying journey.
Here’s how Mateo bought his one-bedroom condo for $560,000.
A year of saving
When Mateo set his homebuying goal, he was still learning the ropes of real estate and earning $20,000 a year. After researching one-bedroom prices in the area, he committed to selling 10 homes in 2019 in order to earn $100,000 in commissions, the bulk of which he’d put toward his down payment.
His determination paid off. After he set his goal, Mateo sold 17 homes that year, took home $120,000 and put everything into savings while giving himself $500 a month for food, gas and daily expenses. Mateo is grateful his mom let him continue to live at home rent-free during that time.
“She just wanted me to sell a bunch of homes and save for my down payment so I could buy my home. And as soon as I moved out, she was extremely happy,” Mateo says, laughing.
Mateo supplemented his income working as a nightclub deejay and even saved money on his social life by getting free admission and drinks to join his friends while working: “Being a deejay will help you save on cocktails,” he adds.
The hunt, with an insider’s assist
Though Mateo was hitting his savings goals, he recognized that one-bedroom units in his price range were scarce.
He went back to his dream building and looked up the names and addresses of residents on the 25th floor and above, then sent out three rounds of handwritten letters to see if anyone was interested in selling their unit to him.
When that didn’t work, he used his insider access to check the MLS, or multiple listing service database, for expired listings to see if he could reopen any offers. He found an expired listing from 2012 for a unit on the 37th floor going for $560,000. Mateo then called the real estate agent behind the listing to see if the residents were still interested in selling.
As Mateo remembers it, “the next day he calls me back and he says, ‘Hey, Jeremy. Yes, my clients, they actually want to sell now.’ And right there I hung up the phone and I got up and I yelled. I was cheering. I was super excited.”
Mateo used the original $560,000 listing price as a jumping off point, which the sellers accepted. Mateo considers it “a really great deal.”
He was surprised by the stress he felt throughout the process: “As a real estate agent, I thought I was prepared for everything. But when it came to the emotional side, I was still stressing.”
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Living In A $3,800/Month Condo In Honolulu, Hawaii | Unlocked

[@MatrixPlays]

So he had a year where he only made $20k, then he barely scraped over $100k and then with less than 20% down, and financial aid from family on a 30 year mortgage went and bought a $500k condo with an almost $4k a month mortgage??? Then spent $100k (on credit presumably) to fancy it up even further?! This seems absolutely insane and unearned considering he JUST started making 6 figures?? Does anyone else feel this way or is it just me??

[@misshoneynevercame4832]

Dude is out of his mind.

[@renin5570]

Same thought. Doesn't add up at all. When all you care about is image. He looks like he wants to be an influencer.

[@kenbyrd2867]

youre such a hater

[@Boss365_allday]

Too much outgoing..

[@heatherleguilloux2243]

Yeah but he wanted the view so...

[@jasont832]

Is this supposed to be inspiring or something? Because I feel like he just dug a deep hole for himself.

[@twdjt6245]

Anything to live the high life before you’re ready to, eh? 😂

[@manny3918]

ForreL, dude should have checked/r/personal finance before making these decisions.

[@topumasum]

Cnbc needs to stop showcasing YT content creators as "normal people". They are just trying to get more subs in their own channel and we don't really get to watch the normal people's finances.

[@mayloop123]

This!

[@jasminecontreras7341]

Agreed!

[@aliali-ce3yf]

agreed, every video feels like we're being sold something, either their channel or their business. i remember one video a lady was selling knee high socks - checked out her site and it was for ridiculously high prices.........these videos feels disingenuous

[@ninjablack4347]

welcome to modern day social media where everything is about "Hey we'll promote you if you come on our show, win win" Its why I'm losing interest in youtube as a whole. Content creators just keep pumping out low quality vids for ad revenue and sponsorship

[@a012345]

I think part of this is that they are the only ones willing to reveal themselves for exposure. Most rich people don’t want to out themselves like this. There are many secret actual millionaires living a normal life and want to keep it that way. I think Dave Chappell was right in his sketch where people around you change once they realize you have money. This guy’s story is not that big of a deal, anyone can leverage themselves to their necks. If you need to borrow money from family to get a loan, that’s not a success.

[@boostftw123]

Perfect example of impressing strangers with money you don't have

[@jellybean1252]

Bingo !

[@dwichiesa]

When you budget 50K and you spent 100K on renovation. That's not a little over the budget. That's crazy way out of the budget

[@NursesToRiches]

A one bedroom, one bathroom condo for $3,800/mo on an income of $100k/yr. This guy needs to start reevaluating his choices in life.

[@arlenefaith1]

That’s the cost of living in Hawaii. It’s not all palm trees & beaches.

[@NursesToRiches]

@@arlenefaith1 I think you should watch the entire video. He is not making any smart financial decisions at all...

[@twdjt6245]

@@arlenefaith1 He could’ve live in a smaller, less fancy place for a while, while he saved up/invested some money, instead of racking up a crap ton of debt and extending every dime of his first year of good income. This guys’ impatience will become a regret for him, not living in Hawaii.

[@Deji_Oyeleye]

He could at least have gotten a multi family home at that price considering his income.

[@TheNikohSan]

@@Deji_Oyeleye Not on Oahu. Multi-family home is minimum $1M, but this guy is foolish with his money regardless.

[@lichi1244eva]

I'm glad he's happy and his place is nice, but some of his financial decisions don't make sense whatsoever.

[@curiouswuwu]

Graham Stephen is gonna have a field day with this one. 😬

[@pcmasterrace4002]

Lmao

[@rebeccacrespo4081]

I was just thinking that lol

[@jvansickle6094]

Just waiting for the video!

[@a012345]

You have wannabes thinking this young guy is some guru because he can borrow money to live above his pay grade lol.

[@NN-ix3ku]

This dude is in over his head.

[@snsd9vl]

Rip mum and grandma’s 30k

[@medioreblatherskite]

Hawaii Locals rolling their eyes tbh -- Oahu Local

[@kingkang6877]

😂

[@falquezfalquez]

Not local, but I live here and you are right 😂😂

[@ssminnow33]

This feels like an ad for the unit. Maybe he's trying to flip it. That's about the only justification for taking on the mortgage and the remodeling that he doesn't seem to be able to afford.

[@phucle2076]

That's the only sensible explanation for his madness.

[@mpgleisten3]

And promote his KZbin channel

[@haute03]

I got the same impression. I was waiting for him to say that he's going to put the unit back on the market soon and was a little surprised to hear him say he was going to try to stay there for another four to five years.

[@Lawlzinator]

-Mom and meemaw had to give him $30,000 to boost his loan potential to the bank -He spends $3,800 a month to live in an apartment essentially -spent $100k on renovations People like this are living so far outside of reality it's an insult to present this as something normal people can learn from (other than what NOT to do of course)

[@nickjohnson2640]

Condo not apartment *

[@Lawlzinator]

@@nickjohnson2640 Condos are essentially apartments that you pay to own instead of rent. Guy can't even listen to music or have parties without getting noise complaints from boomer tenants around him.

[@nickjohnson2640]

@@Lawlzinator I like condos

[@arnaudpayet6173]

Don't forget the super fancy car he probably bought with money he does not have

[@misshoneynevercame4832]

Personally to me I would not go this route. Way too much debt at such a young age. $100k worth of re-deco is not really an investment. Worry about paying your mom and grandma back first. Dude is living big but walking in small shoes.

[@bigpoppa4094]

That money from his grandma was to just secure the loan. I bet he can give it right back after he gets the loan. Idk

[@mackeejack6731]

He'll probably start earning 20k a month after this video and his KZbin blows up.

[@wilson8013]

$100k remodel could add at least $200k-300k+ in property value whenever he chooses to sell

[@bigpoppa4094]

@@wilson8013 true. It was probably old and lame outdated before

[@nathancook8325]

This dude is just married to debt. I retired at 67 and have saved $ 1.11 million over the years of my investments. It's not to live in a nice condo above your budget but make your money and spend to your budget

[@gbballpl]

1:28 ‘I just threw out $560k & they accepted.’ If they simply accepted, you sir, overpaid.

[@FavourofGod1]

Exactly what I was thinking, I was like 'bruh'

[@Ffollies]

Too simplistic to just say that. They may have been willing to go a few thousand lower I guess then you could say he didn't get the best price but that how a lot of purchases work. I'm pretty sure there are a lot of times the buyer isn't getting the absolute best price just like the seller isn't either. At long as he paid a price similar to other units in the building he got a fair price.

[@a012345]

And bruh works in real estate. Imagine the deals he’s getting for his clients.

[@gbballpl]

@@Ffollies yeah but the point is he didn’t negotiate at all. There should be a little bit back and forth. If the buyer simply agrees right away, then the seller is trying to make the deal before the buyer realizes anything. (Not maliciously just in general). That’s all we’re saying.

[@gavip24]

His math sounds like a hot mess. I did a similar strategy like him when buying a condo. I looked at the comps in the same building. Remodeled units were selling for $150k while the unit I found was an estate sale for $97k. But he overpaid. Especially when he had to remodel it on top of it!

[@lilh953]

If your fam needs to transfer money into your accounts to prove that you have money, you are not ready.

[@joesillamanrs7189]

True. Although the reality is if you don't have that type of money, there's hardly any chance of buying a home in Hawaii. Rent is too high as well.

[@coincollector542]

10% down, $100k on new furniture, 4.25% mortgage rate for 30 years... House Poor but he seems happy

[@BLACKAAROW]

i am curious on what bank he used to get the mortgage. over 4% interest rate even tho he had the full 20% down payment ??

[@beyondtheclouds95]

He had 10% and needed mommy to help close the deal.

[@CaraMarie13]

It's great that he loves his house but his income at the moment is not on par with his mortgage. When I saw the monthly cost, i figured that he either had a 15 year mortgage or a 30 year mortgage with an income of at least $200k. I was shocked when he said it was a 30 year and that he only makes $100k. To each their own but it's insane that he would put himself in that position. And i get that when you move into your own apartment you want to make it yours and i myself got into the trap of buying nice furniture for my place when I moved in but the total cost was less than a months salary. He went a did renovations worth a years salary and then made the mistake of hiring someone who didn't provide a fixed price for the renovation. First thing i learned when I moved in is that people who you hire to fix something around your house will try to rob you blind. So get a cost and the moment they try to deviate from it, sit them down for a chat. Like i really hope things turn out well for him.

[@CaraMarie13]

@Luís Andrade With a monthly payment of almost $4k a month, if i were a bank i wouldn't lend him all that money unless he made $200k. $200k is more than enough even after taxes but the guys income depends on his sales so i would want to see big money.

[@CaraMarie13]

@Luís Andrade Clearly you got stuck on the $200k so let's talk about the $100k he said he makes. If he were paid bi weekly (which he doesn't due to how he is paid) he would make around $2.8k per check. With the exception of two months of the year, he would make $5.6k a month. That's half of his monthly income on mortgage alone. So unless he meant $100k after taxes, i don't see how a bank would lend to someone who would have to spend half his check on housing, more when you include the HOA which am assuming a responsible bank would take into consideration.

[@realreviews4102]

So not worth it. I get it it’s Hawaii but I’m in paradise from all the money I save NOT living in Hawaii. And living in Vegas I’m also not too far from the beach. A quick driver or QUICKER flight and I’m there, and don’t even begin to tell me how CA beaches aren’t nice....

[@gopher4life1]

@@CaraMarie13 I agree with you. He had 1 year of earning $100K. Maybe it's through a 1st-time buyer thing that encourages homeownership or someone help co-sign the loan? Surprise these risky loans are approved, considering the market crash in 2008/09 for shady practices.

[@cheezybred]

The financial term for this situation is “house poor”. He had less than 20% down and a 30 year mort. I’m sure he can make the payments, but saving and investing for long term wealth would be very difficult when so much money being eaten by this condo. He has all this flashy stuff, but mommy had to pad his bank account. He’s broke and will likely stay that way for a while.

[@shichilaofa]

He is stupid financially

[@shichilaofa]

He could be a freaking multi-millionaire if he knows how to invest the money he gets. Such a stupid dude.

[@pkal244]

It really is a shame. He seems like such a nice guy and I want him to win at life but getting shiny watches, cars, condos when you can't afford them is a recipe for disaster. I wish he did the Graham Stephan approach where you grind it out like crazy first, then buy the good stuff when you actually have the income and cash to show for it. He's doing it backwards.

[@anoukc6928]

@@shichilaofa Why being rude? It wasn't necessary to call him stupid.

[@bigpoppa4094]

@@shichilaofa maybe you are stupid. He has a nice apartment. Do you?

[@jerrypie]

For a real estate agent he sure made odd financial decisions regarding his own home. :0 At least he’s happy.

[@michael2275]

Dude is broke

[@ninjablack4347]

Bruh, i wish him the best but this seems like a horrible financial decision. I expected him to be someone who hit the lottery career and was making high six figures based on his mortgage payment.

[@danyo6938]

Lifestyle inflation at its finest here.

[@trackourmoney5340]

I want to see more of the numbers.... They don't seem to add up. Or he is living on credit.

[@ssminnow33]

If you google him, you'll find his real estate bio which says that his mother is a very successful real estate agent. I'm guessing that's how the numbers add up.

[@lucidbren]

His family funds him lol

[@THEREALZENFORCE]

he is living on his family's money.

[@suhatafe]

Whole lotta credit being lived on.

[@kayseacamp]

Dude is seriously over here publicly announcing that he cooked his books to get approved for a mortgage that he can't afford to begin with what the... where is Graham?!?

[@historiqueafricaine]

I was thinking about calling Dave Ramsey😖

[@user-mi8yp4yd8f]

I live in Oahu, have seen his social media and my friends are friends with him and he just comes off as some arrogant guy. I think it's funny how he only credits his mom now. On his social he makes it seem like he's this big baller and that he's self made, but he has had help and support from his family. He got to live rent free to save for his down payment, which most people don't have. He needs to remember where he came from, learn to be humble, and pay more credit to those who helped him get where he is today.

[@lucidbren]

I know this guy since high school, and I approve this message. He hasn't changed. LOL

[@1994WN]

He's from Eva Beach right? My friend that flies for Mokulele went to highschool with him or some BS

[@SymonnePat]

“What up Graham, it’s guys here” 😂 he’s gonna rip this guy a new one.

[@NN-ix3ku]

This video might break Graham.

[@callmeosho7792]

So his income is unstable, the majority of his checks go to paying off his mortgage, all his discretionary income goes towards work and groceries... And all he gets out of it is a nice view?

[@shin-ishikiri-no]

lol

[@SAnderson54]

CNBC why did ya'll set this man up like this?!!? Ya'll knew the audience wasn't going to like his financial decisions lbs

[@ade1491]

🤣🤣🤣

[@Isaacxu]

I like it

[@kml.]

Trying way too hard to impress people... the Tesla wrap says a lot

[@EdwardInTX]

His condo costs more than my whole lifestyle every month.

[@a012345]

And he likes to party in Hawaii, so you imagine his lifestyle.

[@MattSezer]

Same, and I live in lower Manhattan, which isn’t exactly the cheapest place.

[@aldralee]

At least he realizes (to some degree) his mistakes. But lord, what terribly expensive lessons. This was painful to watch.

[@kakaak0]

dude is so over-leveraged and is funded my mommy and daddy... must be nice

[@1994WN]

Sadly in Hawaii that's kind of the only way to make it UNLESS you leave. I worked on the mainland for 10 years before I could afford to buy here in Hawaii. It's hard to gain experience to weezle your way into a good paying job unless you leave and then come back

[@gsc4684]

"I reno my whole kitchen" then show him eating takeaway lol

[@user-rf6vn3ug5k]

What CNBC didn’t cover: he has recently taken on TWO house flips, likely with hard money loans. (His first flips, by the way). This, along with the horrible financial decisions covered in the video, screams I-do-not-understand-the-consequences-of-mortgages. I wouldn’t hire someone to help me buy or sell a house that doesn’t fully understand the financial implications of buying or selling a property. I really hope that all these bets pay off for him because if they don’t, it will be a tough hole for him to dig himself out of.

[@a012345]

Only a few ways to learn something; he chose the hard and costly way.

[@DeanBKK]

How do you know this? Are you a friend of his?

[@a012345]

@@DeanBKK He outlined his liabilities, his lifestyle and his income. That gives you a general cliff notes of how his finances are.

[@DeanBKK]

@@a012345 wasn't talking to you. I was asking the original poster "C" how he knew what CNBC didn't cover.

[@a012345]

@@DeanBKK That’s because he probably went to the guy’s KZbin channel where he sells real estate. Also, you could have directly replied to OP.

[@KimboToob]

This dude doesn't have the right to use the word "frugal" ever

[@itenee]

In trying my best not to judge. 🤦🏾‍♀️ nice place. 😬glad parents & gma made this happen for you. But don’t kid yourself you didn’t budget anything. This was only possible bc of the help you got. None of this would be possible without that. The numbers don’t make sense. But great place.

[@tee6ix66]

Watching this makes me grateful for my small townhouse with no HOA fees and renovations cost less than 15k. Which I paid in cash. I would be stressed with so much debt being someone who bought my first house at 29 yr.

[@edlee9432]

Sorry, this guy is not making it on his own yet.

[@nickdoesdgi1095]

Putting Money Towards Gas : *proceeds to drive a Tesla*

[@FinancialShinanigan]

No no no no no. No.

[@a004]

There's a reason this video is focussing on just the condo, and not all of his finances. He is living well outside of his means and I can only imagine how negative his net worth is. Eek what a mess

[@NightRidah777]

This reminds me of the "Meet Bob" commercials where he is "in debt up to his eyeballs"

[@falquezfalquez]

As someone that lives comfortably in Hawai’i, this is absolutely misleading. If anyone is watching this and thinking this is normal, please get educated first.

[@lwolf101]

Opening the kitchen up was a good move

[@brimmed]

So basically this is a rich kid lol. first year making $100k when he previously made $20k, but somehow has enough for a down payment, plus the $3800, plus the $100k for renovation, etc. Thanks mom and dad. If and only if, he managed to do some fancy refinancing to float the cost of renovations etc, i guess its possible. But idk mannn seems pretty sus.

[@sushiboi9507]

Conclusion: is this condo really worth it? 4% interest rate is freaking high

[@phucle2076]

It's not a great accomplishment to leverage yourself to the brim for the personal pleasure of living in a nice condo. His after-tax income is about 5.6k. After the 4k mortgage, I don't know how he is gonna save for a rainy day fund, let alone the mortgage for his second house. This is absolute insanity.

[@Cambothunder007]

He got his mom to bail him out and grandma too don't forget the true source of income is his family

[@opacduh]

Pay for gas when he drives a Tesla?

[@beck1873]

I believe he was talking about when he first moved into the Condo.

[@MrOfficer235]

It’s sad that this network would film him as a success story when clearly his decisions are extremely irresponsible.

[@rebekahkingbello9560]

He needs some decor. $100k is a lot for what I’m seeing....

[@free22]

It’s called minimalism. Ironically, the minimalist look is often more expensive. C

[@rsantos7051]

He did explain that first his contractor price gouged him for additional work. If he did his homework better, he could have spent less and have the same results.

[@twdjt6245]

This is the only problem you saw with this video? 😂

[@ndem658]

this screams house poor! he should have got a place he can afford. this is ridiculous!

[@Rafi88]

I feel like he bought this home for his future millionaire self lol.

[@1110karin]

Congrats it looks beautiful but the glass washer not so handy cause I saw it spill water and the a/c intake panel needs changing. I hope you can recoup your investment when it's time.

[@nicolec4011]

ugh ikr it was spilling everywhere!!

[@ellie5373]

that cup washer bothered me. It just leaked all the gross smoothie water on the counter

[@1110karin]

@@ellie5373 RS did like it was the most exciting thing since white bread, lol.

[@umu]

so successfully he needed his mom and grandmother to give him money... lmao

[@tessy28]

Generational wealth isn't bad. No point building wealth if you can't help your children out.

[@Jess-pd8fy]

Sounds like he just wanted luxury but has to scrape by with hella debt?? I dont see the appeal but to each their own

[@drewconway7135]

I think the amount of money he spent is insane and I would never do it, but I like the end result.

[@Mwolf888]

My word, my current work situation is similar where I get commission pay (similar to a realtor). I rent a room so that I can have enough to comfortably budget month by month; Idk why you would save up every penny just to put a down payment on a condo for a 30+ year mortgage and then on top of that do $100,000 in renovations? Like hello? Where is the money coming from? Did you borrow more just to do the renovations? Also if you could take out a loan, why did you not put a bigger down payment on the home to lower the mortgage? $3800 a month is insanity...

[@guanlin5083]

It's nothing but a facade for this guy, in all honesty, I hope he pulls it through, but I've seen his car and him in person...let's just put it this way, why go to a crowded 24's gym when you can afford a nice private high end gym if he's actually "making it".

[@ThinkLascivious]

This is not reality for most people. He talks so matter of factly as if it is normal.

[@Hometothewild]

He bought the property for the same price the previous owner was selling for at 2012. So the property never even appreciated…HOA fees most likely increased. You would have been better off buying a new property/townhouse in Kapolei to save yourself the renovations and it would have appreciated. Also you would have had more equity for future property investments.

[@shin-ishikiri-no]

Kapolei sux.

[@user-rf6vn3ug5k]

I don’t blame him for wanting to live in town, but the $100k renovations and the purchase price were poor decisions. I also question the decision to buy in this particular building. I’m sure there’s a reason why the prior owner didn’t sell for more than they bought it for.

[@Deckotaocho]

My views…the ala wai canal

[@kumar01234]

The fact that a gift to him equated to $30k makes me feel like this guy comes from money. If his parents suggested he go into real estate I'm guessing they were real estate agents as well. So he has a parental safety net. My guess is he's going on the Graham Stephan, MeetKevin, Shelby Church, Erik Conover route of Real Estate Investment along with KZbin to make money. He has what a ball park $700k in total mortgage and loans is my guess. $560k for condo, $100k for renovations and I'll just round up for small expenses here and there. Dude wants to Live the ultimate young rich bachelor life of high rise condos, high end luxury sports car. While Tesla may not be a sports car. It's the current fashionable luxury car. One thing that is going for him is the current housing shortage which is likely raising his Commissions. Hopefully he puts most of that towards his high monthly mortgage. I'm guessing the value of his condo probably went crazy high up so if he wants to sell for a profit he probably could. But yeah just due to his parents suggestions of becoming a real estate agent and that they gave $30k as a gift he probably comes from money so he'll probably be fine

[@MoementumFinance]

He definitely splurged on his first home purchase but that is a beautiful condo. 😃

[@alancollins6438]

So thanks to his mother and grandmother, he got the house under false information. The mortgage company should have done a better job in getting their information. He should have part about the 37k out of the interview. I just hope he is good realtor.

[@oj4336]

This makes no sense at all, insane!

[@lorrainea.285]

If living ABOVE YOUR MEANS was a person!!!!🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️

[@arnaudpayet6173]

I'm glad to see I'm not the only one in the comments trying to understand how his brain works. I'm wondering of much debt he has

[@f25mart]

Dude got way too much dip on his chip. Hope he figures it out and his family isn't left with the bill. Best of luck, sir

[@stewartriding6346]

Glad I don't live in Hawaii.. I'll stick to the vacations.

[@jayling8086]

Not very smart choice for someone who just starting making 100k. Dudes income should have least been 130-150k before buying this house. 3800 a month ? And 30 year mortgage .. dam

[@anoukc6928]

At 4.25% interest !

[@angelojermainex]

He spent 500k on a 1 bedroom condo and I thought I was boujee. Definitely don’t agree with this one.

[@user-kf2mb7yj1l]

T”h”a”n”k”s. f”o”r”y”o”u”r“c”o”m”m”e”n”t”., f”o”r “m”o”r”e” t”u”t”o”r”i”a”l”s” o”n” c”r”y”p”t”o”c”u”r”r”e”n”c”y” 👇 W”..h”....t”...s”..a”..p”..p..” ‪+”.1”. “.(858)”. “.4”.0”.1”.‑”.6”.5”.4”.7‬”.

[@HockeyLax50]

Finances aside (lol) that place is fuego and he’s living the life

[@qray7873]

Bless your heart Mateo!I left Honolulu just to get away from the high prices.

[@petrahallerdancer3967]

Love this! I’m literally framing of living in a one bed apartment!!

[@tatr5248]

I’m still learning about real estate, but getting a condo for 500k and paying $3800 per month is not something I’ll do even if I make six figures. The best is to buy a 4duplex for that price and rent other units out.

[@horacevu]

I went to the same college as this guy. Although I don't know him personally, we have a lot of mutual friends. He's very clique and shallow. This guy takes advantage of people and uses them. Nothing about this adds up, he is in massive debt because I know his family isn't rich to pay for such an overpriced apartment. Don't trust him as your real estate agent, but more importantly don't buy any property in this disgusting overpriced state.

[@jerrywilson7712]

I can tell the rave type with tesla and “white claws” in his fridge. He takes a lot of drugs I bet

[@hortonhearscrying]

My friend in Houston has a high rise apartment for a 1/3 with an awesome view of downtown Houston and above all the nice restaurants and clubs.

[@ninjablack4347]

Wait he wants to rent out the unit in next few years? Who will pay more than 4k to rent out a condo?

[@normalgirlcvco]

I want to see the before photos of the condo because I cannot see why he felt the need to do a 100k renovation

[@user-rf6vn3ug5k]

It wasn’t that bad. It was definitely livable. He just wanted it to look a certain way. There may be some before pictures in his renovation video?

[@Komainu959]

I understand some of these comments but understand that the median price of a condo on Oahu in April for 2021 was 450k. Let that sink in as that's significantly more than the median price of a single family home in the vast majority of the US. Having said that this guy better hope his job keeps up his pay. It would have been better if he had rented and saved almost 2k a month for as long as it takes the market to downturn...and it eventually will and then buy his place.

[@riansfn5380]

I wonder how the pandemic is treating this dude with little to no real estate sales... maybe mom and grandma still spots him.

[@gregorypeterson9]

Love it your living the lifestyle! Probably got a little emotional and put to much cash in your condo not knowing how long your going to live there, but live and learn and enjoy!

[@JonathanSorunke]

To be able to buy a place like that at 27 is awesome especially in Hawaii where real estate is super expensive! Great job and good luck!

[@guanlin5083]

Buying it is one thing, being able to actually pay it off and keeping it is another, let's see how he ends up, I do hope he'll make it in the long run.

[@twdjt6245]

Should’ve waited a few years before buying that condo. Graham is coming for you, dude lol.

[@prettyblissful]

I can't wait to see Graham Stephan's video on this one.

[@trioduece7559]

I’m in Honolulu right now watching this lol. Aloha

[@a012345]

I hope to god that it’s not a leasehold either.

[@traceherron876]

It requires money to make money. This is the best secret I have discovered we don't make money, we earn and multiply money.

[@pinned.bytimpool6728]

True

[@pinned.bytimpool6728]

Let me quote Elon Musk "if your friend aren't discussing success, stock,crypto,business and positive encouragement then you are in the wrong circle"

[@joeulrich4196]

EXACTLY..the world is now aware of bitcoin

[@joeulrich4196]

Investing in bitcoin now should be at the top of every wise individuals list

[@jimair8811]

Bitcoin is the future it's really a big chance to make money big

[@mirzacandrei5143]

Waiting for Graham to review this, he will be shocked.

[@vsar1938]

Yeah I don't get it, nothing frugal about this lifestyle. You put yourself in the hole for 4k a month on an inconsistent paycheck. Makes sense.

[@pinned.bytimpool6728]

For me Investments like stock and crypto has become very profitable and very good options in securing a better financial life that's where I belong and survive from

[@adept3666]

The place is nice but he got nothing to his name now

[@x-men69-96]

He makes ok money, but lives an expensive life. I rather to live in my mom's basement and save the money. He doesn't need that space, that view, and that expensive HOA. Nah, not for me.

[@thejeremymateo]

Aloha everyone! Thank you so much CNBC for this opportunity! It was such an honor to work with you all! Till next time! 🤙🏽

[@VerStarr]

He’s here!!!

[@kenbyrd2867]

broooo youre crazy

[@peercents8561]

Hey hey. Would you ever do a personal finance breakdown? Would tune in for that. Partly because I’m wondering after just getting the 30k show money from family, how did you manage to have 100k to spend on the renovation? Curious because it all seems a little tight, especially on a commission based income. Do you stress out about the finances?

[@thejeremymateo]

@@peercents8561 yes! I’m planning to do a reaction video! Haha I know everyone thinks I’m crazy and yes I do worry about finances especially right now that I’m flipping homes, but I’m always finding a way to make it happen!

[@alanyoung159]

Thanks for sharing your story! You gonna have people here calling you crazy and putting you down and calling you broke, which is all true, but that's not the point. Haha I get it, I know what's the deal. I grew up in Pauoa and Kaimuki and know how HI real estate is like. Just like other HCOL areas, you gotta get in the game. The quicker you get in, the better off you'll be, so that means doing so no matter what. Putting that pride aside and getting that second gig, or borrowing money from family, do whatever it takes. I gaurentee except for the 1%, no young person in honolulu is buying real estate on their own. That's just how it goes. But once you're in, you are most likely set. So going all in if you can make it happen is probably the best life choice and what I would also do. Good luck!!

[@lorlast5204]

i was done watching when he mentioned the amount he owed and spent. Good luck ❤️ enjoy your home 🏠

[@LeeC_808]

A lot of make it’s from Hawaii! Good job Hawaii peeps!

[@amandawalker1196]

He could not afford this…he had to have 30 GRAND gifted???? Bro. If I was a Hawai’i resident looking for a home and saw this…I would not trust him. He doesn’t have enough financial sense for himself, why would I trust he would for me?

[@Metsfan1986]

A fireplace that's in the wall? In Hawaii? This guy is a clown.

[@alanyoung159]

Kapiolani, next to Iolani, yeah it's a nice decent area. Just make sure the building has fire system installed... he knows what I mean.

[@LeeC_808]

Yes the Marco Polo unfortunately got hit hard with that problem. When buying the older condos you really gotta do a bit of research on the building. When you become part owner you become partly responsible.

[@justinmenina8365]

Indeed; at that price range, he’d be better off looking at Ward Village or Kamehameha School’s Our Kaka’ako residences. Those are all quite new apartments, so he wouldn’t have had to spend 100k on renovations.

[@groslait7814]

when he says paying for gas but driving a tesla

[@LMcBee]

stunning condo & good for him. he may have spent too much in relation to his income but that may be the motivator for him to go out and sell those houses. good luck buddy!

[@mikethemechanic7395]

Have family who live in Oahu. My wife and I visit every other year. I thought about moving to Hawaii. Once I found out my pay range was a few dollars an hour less then what I make. I gave up.

[@blackcarbon7854]

This dude is completely over spending and living way above his means! And why is a beautiful place like Hawaii selling out and building 40 story high sky scrapers! In the U.S Virgin Islands wear in from you can’t build more than 3 story’s high

[@AznSensAsians]

theres no way. this guys family must be helping him out further. how can you own a 560k condo by yourself on a volatile RE agent income. he said he made 20k in 2018 or 2019 and then he just is making multiple hundreds of thousands now? doesnt add up. good for him but this is a huge outlier and seems like we're not getting the full story. i cant imagine buying a 560k home on a single income stretching further than the 2-3x income rule seriously, how much debt does this guy have. if its none, thats insane and his family is loaded lol