In this episode of The Wealth Vibe Show, hosted by Vinki Loomba, we sit down with Leo Young, Co-Founder of Cornell Communities, a seasoned real estate entrepreneur who specializes in mobile home park investments. Leo’s journey started in sales at Tesla, where he became a top regional salesperson, but transitioned to real estate after realizing he wanted more financial freedom. Today, he helps first-generation wealth builders invest in one of the most durable and misunderstood asset classes: mobile home parks.
In This Episode, You’ll Learn:
This episode is your reminder that wealth isn’t a one-size-fits-all formula; it’s personal and powerful, especially when you align your investments with the right opportunities.
Timestamps:
01:02 – Introduction to Leo Young and his background in real estate.
02:30 – Leo shares his transition from Tesla’s sales team to real estate investing.
06:15 – Why mobile home parks are an ideal vehicle for building wealth compared to other asset classes.
09:50 – Leo’s journey into mobile home parks: How he discovered the potential of this niche investment.
14:00 – The mindset shift required for first-generation wealth builders to move from savings to investment.
18:10 – Key strategies for mitigating operational risks in mobile home park investments.
22:30 – Understanding the tax advantages and 1031 exchanges in mobile home park syndications.
26:00 – The importance of systems and mindset in building a successful real estate business.
30:15 – Leo’s advice for new investors looking to dive into real estate syndications.
33:00 – Final thoughts: Building wealth with grit, perspective, and smart investments.
Connect with Leo Young:
Website: https://leoyoungrealestate.com/
LinkedIn: https://www.linkedin.com/in/leo-young/
🎧 Subscribe & Tune In:
Don’t forget to follow The Wealth Vibe Show for more conversations on abundance, alignment, and intentional wealth creation.
Follow us @
https://twitter.com/loombainvest
https://www.instagram.com/loombainvest
https://www.facebook.com/Loombainvest
https://www.linkedin.com/in/vinkiloomba
#realestate #realstateinvesting #multifamilyinvesting #passiveinvesting
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
CrimeLess: Hillbilly Heist
It’s 1996 in rural North Carolina, and an oddball crew makes history when they pull off America’s third largest cash heist. But it’s all downhill from there. Join host Johnny Knoxville as he unspools a wild and woolly tale about a group of regular ‘ol folks who risked it all for a chance at a better life. CrimeLess: Hillbilly Heist answers the question: what would you do with 17.3 million dollars? The answer includes diamond rings, mansions, velvet Elvis paintings, plus a run for the border, murder-for-hire-plots, and FBI busts.