Chino looks at Bell for land based income and for storage that serves farms, boats, and equipment. Simple operations that run quietly are the goal.
Why this market
- Strong dairy and farming economy
- Close to the Suwannee River and the springs
- Open land with agricultural income
- Practical demand for equipment and boat storage
What Chino buys here
Leased farmland, agricultural storage, boat and RV storage, and rural land.
Chino has $400,000 to put down and financing lined up for purchases up to about $3.4 million. He keeps deals that pay for themselves and net him a fair living without a full time grind.
How Chino looks at a Bell deal
The first question is always whether the numbers work on what the place earns today, not on a story about what it might earn someday. Chino underwrites a Bell deal on its trailing twelve months, checks that the income covers the loan with room to spare, and looks for one clear lever to improve it, like adding sites, raising under market rents, or filling empty space. If a deal needs everything to go right just to break even, it is not a fit. If it pays for itself from day one and has room to grow, that is the kind of Bell property he wants to own. The financing is already lined up, so once the numbers check out he can move without a long wait.