Erwin’s AirBnb & Stock Update & Wholesaler, Flipper Alex Kourmanis
Hello fellow Wealth Hackers!!
Many of you have been following my AirBnb and Stock Investing journey and one has come to a conclusion. I’ve failed in one while the other is prospering.
I invested roughly $10,000 in each as a test and the results are in.
I’m selling my house that I AirBnb’d while freeing up capital to fund my stock investing account.
Why? Real estate is best, right? Monopoly is won by owning not selling right?
My advice to clients is to not sell unless they have a better opportunity for their capital, and I think I’ve found mine.
Now that the summer is over, my projected rental income of my short term rental has fallen below that of a single family rental after costs of operating each. With short term rentals, I have many more operating expenses: special insurance, lawn care and snow removal, property management, utilities, internet. The cleaning costs are a wash as the guests pay for that.
In the end, I am very overweight in real estate and am pursuing more cash flow. After reading and being a part of Omar and Matthew’s Stock Hacker Academy and trading, seeing how my old real estate friends who do stocks as a side hustle are earning 30-40% year to date, I’m interested in taking stock investing further.
In my first month as at time of this recording, my return on investment is 4.9% and I’ve collected 7.6% in cash. That’s gross and not annualized. With this virtually unknown strategy, I’m getting paid to own blue chips stocks at prices I want. I get paid up front too.
My account started with $10,000, if I closed my positions right now, and I can with a click of a button, I would have $493 in my account in just one month. My goal was 2% a month.
Disclaimer time. The past does not project the future, I’m not an expert, I’m not licensed to give advice, this is not advice. Go get advice from experts which I am not, this is simply me sharing the truth about real estate investing. My personal truth is I’m earning more cash flow as a percentage of my investment than I do on my AirBnb. Cash flow is the original reasons I got into real estate and cash flow will always be your gateway to freedom.
I’m not giving up on real estate. This is just us selling one of our ten houses, specifically the house that provides the least cash flow, with a bunch of capital tied up that I can’t access via refinance. This is a personal decision where my goal is to create an additional stream of income like my friend Adriano the electrician from Toronto. He is the same electrician who rewired my house to replace the knob and tube wiring in the house I’m selling and check out what he has to say
Erwin’s AirBnb & Stock Update & Wholesaler, Flipper Alex Kourmanis
On to this week’s show! This week’s guest is a real estate investor who received media attention east of Toronto. Alex Kouramanis is real estate investor from Toronto, specializing in the Wholesale and Flipping strategies in markets throughout Ontario. He has been investing for over 6 years, with the last 2 years being full time. In addition to investing, he is an online educator on Udemy and Skillshare, teaching Real Estate Investment, Negotiation and Personal Finance. Alex also co-hosts the monthly meetup TREIA, the Toronto Real Estate Investors Association with his friend and partner Luc Boiron.To Listen:
Google Play: http://goo.gl/CAM5Mn
On Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr
On SoundCloud: https://soundcloud.com/truthaboutrei
Youtube: https://youtu.be/sjEsahR3s6M





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