In this episode, Leo Young shares his extensive experience in mobile home parks and RV parks across the US, covering investment strategies, operational insights, deal sourcing, and capital raising. Learn how to navigate this unique asset class and discover tips for successful investing and management.
Chapters
00:00 Introduction to Leo Young and Cornell Communities
02:51 The Appeal of Mobile Home Parks
06:06 Operational Strategies in Mobile Home Park Management
08:57 Navigating Market Misconceptions
11:52 Sourcing Deals and Data Challenges
14:54 Direct Outreach and Marketing Strategies
17:48 Underwriting and Deal Evaluation
22:15 Unique Aspects of Mobile Home Park Underwriting
26:21 Operational Strategies for Value Creation
29:04 Investment Duration and Strategy
30:05 Key Performance Indicators in Mobile Home Parks
32:16 Learning from Failures in Real Estate
34:02 Capital Raising and Investor Education
36:36 Structuring Deals with Investors
39:15 Navigating Debt and Financing Options
40:26 Engaging with Family Offices and Future Plans
Leo’s Links:
- Cornell Communities – https://cornellcommunities.com/
- LI: https://www.linkedin.com/in/leo-young/
- Instagram: https://www.instagram.com/leoyoungrealestate/
- https://leoyoungrealestate.com/
Here’s the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQ
Want to learn more about CRE? investbeyondmultifamily.com/course
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❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.