{"id":79537,"date":"2016-08-18T00:02:32","date_gmt":"2016-08-18T06:02:32","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=79537"},"modified":"2023-04-14T02:06:57","modified_gmt":"2023-04-14T08:06:57","slug":"bp-podcast-188-using-20-years-studying-market-cycles-buy-low-sell-high","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/bp-podcast-188-using-20-years-studying-market-cycles-buy-low-sell-high","title":{"rendered":"Using 20+ Years of Studying Market Cycles to Buy Low &#038; Sell High with David Gudmundsen"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Is the real estate market about to collapse? Do we have 10\u00a0more years? What\u2019s the future hold? While no one can definitively answer these questions, today\u2019s guest has some keen insight into timing the market, allowing you to \u201cbuy low and sell high.\u201d Today, we\u2019re excited to introduce you to <strong>David Gudmundsen<\/strong>, an investor who\u2019s been in the game more than 20\u00a0years and who&#8217;s seen numerous peaks and valleys &#8212; and who has learned how to ride the wave. With more than <strong>250 deals under his belt<\/strong>, David is an incredible resource for anyone looking to grow their portfolio &#8212; or preserve it &#8212; during times of uncertainty. Unless you know exactly where the real estate market is headed next, don\u2019t miss this powerful and entertaining episode! <\/span><\/p>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC9244024271&#038;light=false\" width=\"100%\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"Using 20+ Years of Studying Market Cycles to Buy Low &amp; Sell High | BP Podcast 188\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/9R4Bgs9wfec?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found <a href=\"https:\/\/www.biggerpockets.com\/forums\/25\/topics\/161423-do-you-listen-to-the-bp-podcast\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Thanks! We really appreciate it!<\/p>\n<h2>This Show Sponsored By<\/h2>\n<p>We just wa<img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-66280 no-display appear\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2014\/11\/RealtyShares.png\" alt=\"RealtyShares\" width=\"283\" height=\"60\" title=\"\">nted to give a shout out to our podcast sponsor\u00a0on today\u2019s show:<strong> RealtyShares<\/strong>. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!<\/p>\n<p>Learn more by visiting\u00a0<a href=\"http:\/\/www.realtyshares.com\/biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">RealtyShares.com\/biggerpockets<\/a>!<\/p>\n<h2>Fire Round\u00a0Sponsor<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-75010\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/09\/PATLive-Logo1.png\" alt=\"PATLive-Logo\" width=\"232\" height=\"72\" title=\"\">We just wanted to give a shout out to our podcast sponsor\u00a0on today\u2019s show:<strong> PATLive<\/strong>. PATLive&#8217;s team of superstar receptionists will always leave your customers delighted. Every agent goes through a rigorous training course before they can answer calls, and we&#8217;ve got quality assurance down to an art.<\/p>\n<p>Learn more by visiting <a href=\"http:\/\/www.patlive.com\/biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">PATLive.com\/biggerpockets<\/a>!<\/p>\n<h2>In This Episode We Cover:<\/h2>\n<ul>\n<li>Why David chose real estate and his <strong>first property<\/strong><\/li>\n<li>How he got his first property by <strong>assuming a loan<\/strong><\/li>\n<li>How he reached a level of buying\u00a0a <strong>property a month<\/strong> without a college education<\/li>\n<li>How <strong>Monopoly<\/strong> inspired him to invest in real estate<\/li>\n<li>How to balance learning and actually <strong>making deals<\/strong><\/li>\n<li>What exactly a <strong>wrap<\/strong> is<\/li>\n<li>Thoughts on <strong>contracts<\/strong> for deeds<\/li>\n<li>How many <strong>deals<\/strong> he has made<\/li>\n<li>What you should know about <strong>seller carry back<\/strong><\/li>\n<li>What <strong>walking the mortgage<\/strong> is<\/li>\n<li>Insight into\u00a0<strong>market\u00a0cycles and crashes<\/strong><\/li>\n<li>How to <strong>read the\u00a0signs<\/strong> of market cycles<\/li>\n<li>What we can learn from the <strong>boiled frog analogy<\/strong><\/li>\n<li>What &#8220;<strong>buying right<\/strong>&#8221; really means<\/li>\n<li>The importance of <strong>not<\/strong> always doing the things others are doing<\/li>\n<li>Why it\u2019s important to join\u00a0<strong>real estate club<\/strong>\u00a0meet ups<\/li>\n<li>A couple of his <strong>worst and greatest<\/strong> deals<\/li>\n<li><strong>And SO much more!<\/strong><\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/pro\" target=\"_blank\">BiggerPockets Pro<\/a><\/li>\n<li><a href=\"http:\/\/zbuyer.com\/default.aspx?VID=3680444&amp;SR=1\" target=\"_blank\" rel=\"noopener\">ZBuyer<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/webinar?main_track_only=true\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Webinar<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/analysis\" target=\"_blank\">BiggerPockets Analysis Tools<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Forums<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><a href=\"http:\/\/amzn.to\/2bcEjKd\" target=\"_blank\" rel=\"noopener noreferrer\"><em>How to Buy and Manage Rental Properties<\/em><\/a> by Irene and Mike Millin<\/li>\n<li><a href=\"http:\/\/amzn.to\/2bdTsKP\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Unlimited Power<\/em><\/a> by Tony Robbins<\/li>\n<li><a href=\"http:\/\/amzn.to\/2b18SSR\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Close That Sale!<\/em><\/a> by Brian Tracy<\/li>\n<li><a href=\"http:\/\/amzn.to\/2bnkosJ\" target=\"_blank\" rel=\"noopener\"><em>Advanced Selling Strategies<\/em><\/a> by Brian Tracy<\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<ul>\n<li>&#8220;I can never win at Monopoly unless I roll the dice and I buy houses.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22I%20can%20never%20win%20at%20Monopoly%20unless%20I%20roll%20the%20dice%20and%20I%20buy%20houses.%22%20BP%20Podcast%20188%20biggerpockets.com\/show188%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;A good borrower can make a bad loan good, and a bad borrower can make a good loan bad.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22A%20good%20borrower%20can%20make%20a%20bad%20loan%20good,%20and%20a%20bad%20borrower%20can%20make%20a%20good%20loan%20bad.%22%20biggerpockets.com\/show188%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Forget location, location, location. It\u2019s all about buy low and sell high.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22Forget%20location,%20location,%20location.%20It%E2%80%99s%20all%20about%20buy%20low%20and%20sell%20high.%22%20biggerpockets.com\/show188%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;You just look at what exactly the herd is <em>not<\/em> doing.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22You%20just%20look%20at%20what%20exactly%20the%20herd%20is%20not%20doing.%22%20biggerpockets.com\/show188%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with\u00a0David<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/dgud\" target=\"_blank\">David&#8217;s\u00a0BiggerPockets Profile<\/a><\/li>\n<li><a href=\"mailto:azbroker@icloud.com\" target=\"_blank\">Email David<\/a><\/li>\n<li><a href=\"http:\/\/azpropertystore.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">David&#8217;s Company Website<\/a><\/li>\n<\/ul>\n<h2>Show Preview<\/h2>\n<p><iframe loading=\"lazy\" title=\"Podcast 188 Preview: Forget about location, location, location!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/QTN7jdfO6sc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is the real estate market about to collapse? Do we have 10\u00a0more years? What\u2019s the future hold? While no one can definitively answer these questions, today\u2019s guest has some keen [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":118672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-79537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/79537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=79537"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/79537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/118672"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=79537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=79537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=79537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}