Original link: https://open.spotify.com/episode/6U4XXBqrvPPJOMPqfJBdgd
In this episode of Groundbreakers, Leo Young, Principal at Cornell Communities, joins us to discuss his dynamic journey from working at Tesla to becoming a leading figure in the niche market of manufactured housing communities. Leo shares how his background in finance and real estate, combined with his entrepreneurial spirit, led him to co-found Cornell Communities. He delves into the unique opportunities within mobile home park investments, the challenges of managing these properties, and the social impact that drives his work.
Career Transitions: Leo’s journey from Tesla’s sales team to co-founding Cornell Communities, highlighting the transferable skills and mindset shifts that helped him succeed in real estate.
Investing in Mobile Home Parks: The strategic reasons behind choosing manufactured housing communities as an investment focus, including their recession-resilient nature, supply constraints, and high cash flow potential.
Operational Challenges and Social Impact: The complexities of managing mobile home parks, dealing with municipalities, and enhancing community quality of life through thoughtful improvements and strong management practices.
Niche Market Expertise: The importance of going deep into a specific asset class and how Cornell Communities’ focus on mobile home parks positions them uniquely in the real estate market.Role: Principal at Cornell Communities
Website: Cornell-communities.com
Leo Young’s insights into the world of mobile home park investments offer a unique perspective on the intersection of social good and economic opportunity. His story is an inspiring example of how strategic career transitions and a focus on niche markets can lead to long-term success in real estate. Connect with Leo on LinkedIn to learn more about his work and the impact of Cornell Communities in the affordable housing space.
