Graham Stephan

But yeah, it could have been.

But again, we sold it, we raised more capital and we'll probably put it in apartment buildings.

I think a lot of people do two things that annoy me about real estate investing.

A, they try to make it sound easier than it is.

And B, they try to sell the lie of you don't need any money.

I think both of those things are they're going after the wrong crowd.

They're going after the crowd that doesn't have a doesn't have the money to scrape together to, you know, really get into this.

And that's why they should just make more money or spend less and keep saving.

But I think there's a lot of unscrupulous people that are selling the idea of easy and also a version of no money down.

So back to the answer of debt.

And this is why what we're going through today in multifamily is exactly what happened with residential and the GFC.

It's the debt that blew up and it's the payment that blew up.

You could add on top of this, you know, insurance taxes also in some parts of the country.

But guys, it's always the debt.

Resolution RTC, debt.

Savings and loan crisis, debt.

It's always the debt that blows up.

So again, what I tell most people, and you'll hear me fight against this all the time, is just get 30-year fixed rate debt.

Don't get arms.

I don't care if your plan is to live there five years.