Michael Young started grinding hard during his college years and learned to take over the family business while also selling real estate full time at a high level. Michael and his father did extremely well building and developing mobile home parks in Northern California. Michael used this experience as a stepping stone to building his empire to what it is now today, a thriving real estate sales business in the North San Francisco Bay area and multimillion-dollar multifamily rental property firm with 500+ doors.
In this episode, we do a recap of the year 2020. A year full of struggles, uncertainties, failed businesses, and more. We share our stories of success and overcoming the hurdles brought by Covid.
[00:01 – 05:09] Opening Segment
Going through hundreds of deals physically and virtually since 2019
Choose deals that:
Is going to cashflow in any situation
Will let you sleep at night, not having to worry about risks
[05:10 – 11:55] Cash Flow is King
Why is cash flow very important?
Create a conservative business model
We are not GAMBLERS. Real estate is not a get-rich-quick scheme. 
[11:56 – 26:47] 2020 Recap
We talk about the crazy things that happened for our businesses
How we were able to become “Recession Proof” in this Covid season
Surround yourself with the best of the best
Working our ass off to fight for a deal in El Paso
[26:48 – 38:19] Conservative Investing
Why being a smart and conservative investor is important
Don’t be greedy
Securing a conservative but fairly profitable deal over a high-risk, high-reward deal
[38:20 – 42:36] Closing Segment
Goals for 2021
Final words of advice from Michael
Tweetable Quotes:
“Once you pull the trigger on your own deals, you really don’t want to have a lot of surprises.” – Michael Young 
“You’re only as good as your team.” – Michael Young
“You have to have a very, very clear, crystal clear vision of what you want and what your goals are and what you want to accept.” – Michael Young


Connect with Michael and Princeton Pacific Properties at https://www.princetonpacific.com/ (https://www.princetonpacific.com/)




Subscribe to the podcast on https://podcasts.apple.com/us/podcast/recession-proof/id1484472973 (Apple), https://open.spotify.com/show/2MV6OkJ598NYN3llRjSgGv (Spotify), and https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vcmVjZXNzaW9uLXByb29mLw (Google).
Follow me on the following platforms: https://www.linkedin.com/in/sam-newell-70336642 (LinkedIn), https://www.facebook.com/samuelcn (Facebook), https://www.instagram.com/samnewellrealestate/ (Instagram), and https://www.youtube.com/channel/UCClcLF9jO5jqJb8LDK7VDlw?view_as=subscriber (YouTube)
Tune In and Become Recession Proof!