MB404: What Makes Self-Storage Recession Resistant — With Sergio Altomare
Listen now
Description
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! For full episode show notes visit: https://themichaelblank.com/podcasts/session404/
More Episodes
Are you intrigued by innovative approaches to real estate investing that also tackle affordable housing challenges? Imagine a model that doubles your rental income while reducing vacancies and enhancing tenant retention. If this piques your interest, you're going to love this episode! Atticus...
Published 11/11/24
Do you find yourself dreaming about achieving financial independence? Are you intrigued by the world of multifamily real estate but unsure where to start? Then you're in the right place. On this episode of Financial Freedom with Real Estate Investing, Michael Blank presents the Dealmaker...
Published 11/04/24