I wanted freedom. I was feeling trapped in my job and I knew I needed a way to create a life for myself that I had always dreamed of. I tried multiple different ventures and businesses. Some had more success than others, but I didn't come close to creating a form of income that would allow me to live the life that I wanted. I learned the hard way. I made mistakes and started over more than once. But I always had a love for real estate and the feeling of owning something concrete, so in 2017 I dove in and purchase my first investment property in Fort Erie.
We purchased this property fully rented and completed renovations that added value over the years such as a new driveway, bathroom, furnaces and spray foam insulation. I had no idea what I was doing, but after a lot of sleepless nights and hard work (and almost burning the place to the ground!), we were able to find good quality tenants that provided excellent monthly cash flow and a high rate of return on our investment. I got lucky, but I also ran the numbers before I started the project and knew what to expect. I had people behind me that I could call to help with projects on the go. This property taught me a lot, and we sold it in 2021 for an average yearly ROI of 147%!
I share these numbers not to brag, but to show how taking action early on qualifying properties can make a material change in your life. Since that first start in 2017, we have acquired millions of dollars in residential real estate in Canada and have developed relationships with investors across the country. This has created the freedom that we need to live life on exactly our terms!
We actually took our son on his first camping trip this year! He was 2.5 at the time, and loved the idea of sleeping in a tent. His parents, maybe not so much. Though we both love camping and spending time outside, we found it to be a lot of work trying to keep the little guy out the poison ivy! We still had a blast and we can't wait to see what the future holds as we build our family, relationships and investment portfolios.
Jonathan Beam is a real estate investor in the Niagara region who is passionate about helping you achieve financial freedom through real estate. He works with new and experienced investors to formulate a plan that fits your specific situation and provides market guidance and consultation on the best places and strategies to pursue within the Niagara Region. Book a free, half hour no obligation consultation to see how he can help you achieve your goals.
Would you like a free market analysis on 2 markets within the Niagara region that we are currently investing in? Please visit the our web page and fill in the contact form at the bottom for your free report!
Jonathan Beam is a writer, traveller and real estate investor that is passionate about living a life that is totally on his terms!