Marc Mousseau

[Account Closed]

Hi all

I joined bigger pockets recently, just before I went on a weekend course with Marc (Canadian RE guru). I saw videos of his previous "training" classes with companies, where students had to spend a fortune on the higher level courses. But he's launched his own training company now and the training session was jam packed with useful information. He also emailed out some of his slides, spreadsheets and documents with us so we have the details to hand.

I thoroughly learned all the math to buy a good deal: maximum allowable purchase price, cost per unit, gross rent multiplier, net operating income, cap rate, debt service rule of thumb (.007), profit per unit, cash on cash return, coverage ratio and expenses rule of thumb percentages.

I learned questions to ask a broker, the order to do things (check math before offering, confirming expenses before viewing property), how to use hard money lenders, negotiating with vendors and dealing with their objections, using vendor take back strategies, what to do in due diligence (everything), a list of clauses with how they benefit the purchaser and how to negotiate with them, how to stack the clauses, strategies for becoming a RE entrepreneur, ideas for creative financing, how to do no money down deals, how to make offers, what types of exit strategies affect the negotiations and more.

I haven't spent much time on this site yet so this is probably covered along with lots more. But for an absolute beginner who's never purchased a property, I feel confident I've learned enough to begin with a positive cash flow.

I'm just writing this review so other Canadians know Marc's not a crook or scam when it comes to training. I well received my money's worth ($400 for 2 intense days) and am very glad I went ahead with it. Hope that helps!

Tabatha