Prices run higher here, so Chino is selective. He looks for storage, small multifamily, and semi absentee businesses where the numbers still clear his targets after debt.
Why this market
- University of Florida and a large student population
- UF Health and a deep medical employment base
- Santa Fe College and steady year round demand
- Interstate 75 and a regional airport
What Chino buys here
Self storage, small multifamily near campus, laundromats, and semi absentee service businesses.
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 Gainesville 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 Gainesville 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 Gainesville property he wants to own. The financing is already lined up, so once the numbers check out he can move without a long wait.