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What are the three most recession-resistant asset classes in real estate?

Even in challenging economic times, multifamily, mobile home parks and self-storage perform quite well.

Sergio Altomare built a portfolio of small multifamily properties while working full-time in technology for the Federal Reserve.

But in 2018, Sergio was having a hard time getting deals to pencil. He anticipated a market correction and pivoted to self-storage.

Today, Sergio is Cofounder and CEO of Hearthfire Holdings, a real estate private equity and development firm that manages over $50M in self-storage assets.

On this episode of Financial Freedom with Real Estate Investing, Sergio joins Garrett and me to discuss the benefits of investing in self-storage.

Sergio describes the financing challenges he’s facing in his business right now and shares his outlook for the self-storage market moving into 2024.

Listen in for Sergio’s insight on using data to find deals and find out if self-storage is the right real estate investment for you!

Key Takeaways

How Sergio got into self-storage

What Sergio likes about self-storage

Sergio’s approach to managing self-storage

How Sergio finds self-storage deals

Sergio’s self-storage market outlook for 2024

The biggest challenges Sergio is facing right now

Sergio’s insight on the barrier-to-entry for self-storage

What Sergio has learned from his biggest failures

Why Sergio invests in GoBundance

How Sergio’s definition of success has changed over time

Connect with Sergio Altomare

Hearthfire Capital

Hearthfire on Facebook

Hearthfire on Instagram

Sergio on LinkedIn

Email [email protected]

Connect with Michael Blank

Michael on Facebook

Michael on Instagram

Michael on YouTube

Michael on TikTok

Apartment Investor Network Facebook Group

Email [email protected]


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Financial Freedom with Real Estate Investing by Michael Blank



Podcast Show Notes

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