Graham Stephan

So earlier in this episode, I told you about selling a duplex, the fact that we've raised seven figures.

I am looking to buy multifamily apartments at 60 to 70% of debt.

That's what I am looking to do.

Now in my market of California, that's probably still a year away.

That's already occurring in Texas.

I've seen some things in other parts of the country, but this bomb is

It's going to be a great transfer of wealth, and I look to be a part of it.

So I think multi... Like, if you have the stroke, it's multifamily for me.

So first I'll say that I do believe AI is going to be hugely deflationary.

It's going to be deflationary in areas other than housing sooner.

I don't see the world the same way because, again, it's not only the construction of a home, but it's also the land.

A lot of the great pieces of land are already done.

They're already taken.

Right.

So I think what happens is the land, like in the hills around here with views, that gets more valuable because now you're just building little shacks next to each other.

Right.

So I think you're going to see K-shaped housing.

You're going to see the before and the after.

What return do you get on your portfolio?

Well, that's, I mean, dude, you're talking to a 25-year vet.