E56: Finding Fortunes in Self-Storage Investment with Sergio Altomare

Joining Rob Coldwell today is Sergio Altomare, co-founder and CEO of Hearthfire Holdings. Like most successful investors in real estate, Sergio began his journey with a single purchase. From there, he found the niche of investing in Self-Storage facilities, which ultimately evolved into his current company, Hearthfire Holdings. Today we’ll talk about the journey to where he is today, spirituality, and what we can do as people to be constantly improving. 

About Sergio: Sergio is Co-Founder and CEO of Hearthfire Holdings, a Real Estate Private Equity and Development firm with over $50MM in self storage assets under management. His personal and company track record includes 9 successful property exits with an average return of over 25% IRR. His storied career in central banking enables superior financial and investment competency to identify and profitably enter and exit real estate, equity, business positions, and ventures.

Sergio is a highly accomplished Technology Executive, Strategist, and Data Architect with an accredited track record of managing IT projects for the Federal Reserve System. He is an expert in analyzing business needs, performing gap analysis between goals and existing technology, and researching and recommending technological improvements. He has extensive experience in systems architecture, security, mobile computing and service management, and is an expert in security assessment, architecture, design, and compliance.

Through this experience, Sergio has developed strong leadership and interpersonal skills, financial and cash flow analysis, real estate underwriting, and investment crowdfunding. He is highly adept at diplomatically facilitating technical and business problem solving, public speaking, and negotiations with stakeholders. He has recognized project management skills, consistently delivering complex, high-visibility projects on time and within budget.

Sergio received his Bachelor of Science degree in Computing and Security Technology from Drexel University (Summa Cum Laude). He is a Certified Information Systems Security Professional (CISSP) and holds many other IT certifications. Sergio is a licensed realtor in the state of Pennsylvania.

Sergio and Corinn have been married since 2014 and live in Downingtown, PA. In his not-so-free time, Sergio enjoys hiking, skiing, cooking, BBQ, gardening, technology and tinkering, traveling, and self-improvement.

Timestamps:

0:00 - Start

1:25 - What was your first real estate deal like?

11:45 - Managing buildings as a full time job

16:35 - How have you evolved since 2019?

22:25 - What do your deals look like?

27:55 - Not getting attached to properties

32:35 - How do you take care of you?

45:28 - Any book recommendations?