“ “Many times, in our internet, social media world...we forget about these interpersonal connections and that’s the true success to life, not necessarily finances. Finances help you set a foundation but to truly live life is to truly connect and not be alone.” – Marc Koran

Marc started with his first Apple IIe in 1984 and graduated from McGill University with a bachelor’s degree in computer engineering in 1995. Through that time Marc witnessed the advent of the internet and has remained in the front seat of the technology roller coaster. Over the course of his 25-year career, Marc has been a participating founder of companies involved in ecommerce, interactive television, online casinos, online payments, and online marketing. He is currently Chief Security Officer at Wirecard Canada, in charge of keeping the bad guys from stealing our credit card information.

Marc’s passion for the positive impact of investment real estate started nine years ago and subsequently produced one of his favourite activities: writing dividend checks to his partners. Starting with single family buy and holds, he graduated to flips, renovations, small scale development, and is currently most active in commercial real estate in Alberta and Quebec.  Marc is a cash investor advocate, and eager to help other investors with analysis, financing, investing, protecting, and placing funds. He has helped earn double-digit returns for his partners, investors, and himself.

Family is Marc’s first priority in life and as a husband and father to two teenagers, he revels in self-development, learning and keeping current.  Books, podcasts, poker, chess, basketball, cross fit, nutrition, coaching and new experiences are all part of his journey to self-discovery.  For Marc, life is about finding the path to help others while living fully and mindfully.

 



Show Notes
[02:01] Patrick introduces his next guest in the REIN Member series, Marc Koran.
[03:30] Patrick and Marc get moving on their conversation as Marc shoots us his elevator pitch.
[05:09] Marc shares what he’s up to these days in his business of real estate, venturing into commercial properties.
[06:02] Marc cut his real estate teeth early on managing their family’s duplex with his brother but securing a good job became the priority and he put his income property aspirations on hold. Marc brings us current to about eight years ago with his journey back into real estate and REIN.
[07:53] Jump in and take action. From Marc’s view this is only way to overcome the inevitable challenges that come with purchasing properties, from finding the capital to analyzing properties and finding the diamonds in the rough.
[11:09] In the space of large commercial acquisitions, Marc explains how he overcame the intimidation of more zeros and bigger mortgages.
[13:55] Through his connections and immediate networks, Marc keeps his approach to raising capital simple and conversations about real estate flowing.
[16:09] Marc describes what’s next for him both in real estate and his expanding entrepreneurial ventures.
[17:10] Marc characterizes his parents as more accidental entrepreneurs but nonetheless their income properties set a tone for Marc and his own real estate pursuits.
[18:26] From becoming a candy dealer at age six to creating and selling a Daytona Beach spring break party in university, there has always been a steady, slow-burning entrepreneurial fire within Marc.
[20:56] Although he is trying to kick the employee habit, Marc can leverage his computer engineering skills to feed his top value of being a present father for his kids.
[22:02] Marc shares his primary driver for forging ahead in business and building investments for himself and his partners. It goes well beyond money.
[24:20] Marc’s recipe for talking with potential joint ventur...