MB404: What Makes Self-Storage Recession Resistant — With Sergio Altomare
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/