Chino looks at Mayo mainly for land based income, like leased farm ground, timber, or a small storage operation that serves the surrounding farms and river camps.
Why this market
- Lafayette County seat in a deeply rural setting
- Strong farming and timber economy
- Suwannee River frontage and fish camps
- Low cost land with long hold potential
What Chino buys here
Leased farmland, timberland, rural self storage, and small river lodging.
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 Mayo 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 Mayo 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 Mayo property he wants to own. The financing is already lined up, so once the numbers check out he can move without a long wait.