Investor & Entrepreneur
You hear it all the time from entrepreneurs: long before they were running successful businesses, their entrepreneurial spirit was alive. While some kids were selling lemonade on the street corner or inventing gadgets in the basement, at the tender age of five Marc saw his first business opportunity.
Marc naively believed that the crate of empty milk bottles the milkman left on the corner of his parent’s lot each week was going to be thrown out. Knowing that the local store owner would give him five cents for each bottle, Marc decided not to let those bottles go to waste. Each week he would take two bottles to the store and trade them in for money to buy candy—until his father found out!
Although his fledgling business may have been halted rather abruptly, the entrepreneurial spirit had taken root. By the time Marc turned nineteen, he had dropped out of school to pursue his business interests. While his dad was upset by Marc’s decision to abandon school, a few short years later he simply couldn’t deny his son’s entrepreneurial success. At twenty-two years old, Marc had already created a very profitable car detailing business and was making more money than his father.
When he turned twenty-four, Marc decided to buy his first house—a townhouse in a brand new development. Shortly before Marc was to move in, the developer went bankrupt, leaving the fifty-two-unit project (and Marc’s house) unfinished. Marc’s deposit money would have been lost if he hadn’t taken action.
With absolutely no Real Estate experience, Marc was bold enough to approach the bankruptcy trustee and acquire the rights to the entire project.
After two years of hard work, he assigned his rights to a developer for $250,000, who finished the houses and kept Marc on as General Manager of Operations and Sales. With the success of this first deal under his belt, Marc quickly realized the power of Real Estate to generate income.
Meanwhile, a local Real Estate development company had taken notice of Marc’s success and asked him to join their team. For the next ten years, Marc took on the role of junior partner, working on many Real Estate deals, handling financing, marketing, and investor relations for more than fifteen hundred condominium units. By 1994, Marc was ready to venture out on his own and decided to open his own property management company, Westmark Development Inc.
Operating out of Edmonton, Alberta, Marc’s company was responsible for the management of more than 1,100 units.
More recently, Marc has led international development projects in Florida and Central America, cementing his reputation as a straightforward businessman and seasoned Real Estate investor. Today, he continues to invest in Real Estate in Canada and the United States, focusing on distressed areas hardest hit by the credit crisis.
Canada L7M 0J1
Direct line: 289-983-1515