Aug 8, 2019
Trevis was a farmer near Melfort, Saskatchewan. Growing up, he had lots of pigs and a few cattle. He was cleaning the barn before he started kindergarten so he learned how to work at a young age. After the high interest rates of the 80’s and his family were buying out farms in trouble in many cases. He bought his first personal land in Grade 10 and set up his farm company in 1995 (at age 19). He kept growing his farm and grew to about 10,000 acres, 3000 of which he still own.
After completing his second degree at the University of Saskatchewan in Saskatoon, he came back to farming full-time in 2000. As the winters were slower, he decided to get his hands dirty and bought his first home, which was a suited home. He took the basement and made one two-bedroom unit into two one-bedroom units. During this time, Trevis learned about drywall, framing, flooring, electrical and plumbing in the process.
In 2003, Trevis moved a farmhouse into Melfort and added on a new basement, added a garage, and redid the home. This was a huge learning curve. In the end, they put in a winter of labour and the net result with no labour charged was a profit of $644. There was no market for homes at the time. He continued learning construction in during the winters and completed a primary residence in 2006-2007 and an office for their travel business in 2007-2008.
In 2010, he took Trump Entrepreneur Apprenticeship- a 3 day course and in fall 2010 he completed CANREIG course and then he realized that he could buy real estate creatively, and in many cases without money per se. This set the path for him and a colleague to start buying buildings in the spring of 2010. They contributed a little house and set up Cobalt Bay Capital Ltd. With two little houses used as equity, he bought a 4-plex, a small rental, and a flip. That company grew to 14 doors after pulling out the initial homes a few years later.
When that company hit a roadblock because of financing, he went on his own, took a Home Equity Line of Credit on his primary residence and bought a series of small homes creatively and hired his first full-time employee. Fast forward to the fall of 2011 and Trevis attempted to buy an apartment building. As being his first multi-family deal and a bit slow to react, he lost that deal. Since then he closed six deals that fall and activated his first personal rental company – Exito Equity Corporation.
Trevis won Top Investor Award in 2013 and 2014 each. He believes that by surrounding with right people and by being creative in financing any one can be a strategic investor.
To learn more about Trevis and his passion for investing in Real Estate, watch the interview here.
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