Should you switch to investing in self-storage? Sergio Altomare explains why he left multifamily and is finding great success now with 14 self-storage facilities.
After transitioning into real estate as a side business in 2012, Sergio partnered with his wife Corinn to start Hearthfire Holdings, a boutique real estate investment and property management company. In just eight short years, Hearthfire Holdings has built a portfolio of more than $50M in assets under management and syndicated over $12M in assets, returning more than $2M in profit and 25 percent IRR to investors. Property types have spanned small multi-family, commercial, retail, and self-storage properties.
3 Pillars
- Focusing on cash flow and investing that cash flow into yourself and assets
- Disciplined responsible use of leverage
- Investing in things that scale
Books: Faster Than Normal by Peter Shankman, Built to Sell by John Warrillow, Scaling Up by Verne Harnis, Who Not How by Dr. Benjamin Hardy and Dan Sullivan
You can connect with Sergio on LinkedIn, Facebook, BiggerPockets, YouTube, www.hfirecapital.com
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