Most investors chase apartments and multifamily deals…

But Leo Young found opportunity where others weren't looking.

In this episode of Path of Progress, Alex Kononov sits down with Leo Young — Founder & Managing Partner of Cornell Communities — to discuss his journey from immigrant roots and becoming a top performer at Tesla to building a private equity real estate company focused on affordable housing through mobile home parks.

Leo shares how he transitioned from sales into institutional private equity, raised capital for his first mobile home park acquisition, and grew a portfolio spanning more than 500 units across multiple communities. He also breaks down why mobile home parks have incredibly low turnover, how value-add opportunities are created through infill strategies, and what it takes to build scalable systems in a niche asset class.

Whether you're interested in real estate investing, private equity, affordable housing, or entrepreneurial growth, this episode is packed with practical insights and lessons from the front lines.

📌 Key Takeaways:

✅ How Leo went from Tesla sales to real estate investing

✅ Why mobile home parks are one of the most overlooked asset classes

✅ The strategy behind owning land instead of homes

✅ How his first 78-unit mobile home park was acquired and improved

✅ Why mobile home parks have less than 5% annual turnover

✅ Creating value through infill and occupancy growth

✅ Building systems to manage properties remotely

✅ Lessons learned from institutional private equity

✅ How affordable housing can generate strong investor returns

✅ The importance of resilience, mentorship, and long-term thinking

📚 Book Recommendation:

– Tax-Free Wealth by Tom Wheelwright

– Rich Dad Poor Dad by Robert Kiyosaki

🌐 Connect with Leo Young:

📸 Instagram → https://www.instagram.com/leoyoungrealestate

💼 LinkedIn → http://linkedin.com/in/leo-young

🌍 Website → http://cornellcommunities.com/

🎧 Listen & Watch the Full Episode:

📺 YouTube →https://youtu.be/r4ebY8Eba9w

🎧 Spotify

🎧 Apple Podcasts → https://podcasts.apple.com/us/podcast/path-of-progress/id1782550599

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