How about storage units

[Travis Elliott]

I am going to research a mini storage/ mobile home deal and had a question before I go to bed. Is there a rule of thumb to use when looking at mini storage units? How do I decide what is a fair price?

Travis

[Will Barnard]

After completing your financial analysis, if it makes the income you desire, it is a good deal, if it makes less, you pass.

Gross income, less operating expenses, less debt service. If the end result meets your criteria, you have yourself a deal. Everybody has there own criteria as far as how much they want to make.