<p>Is the real estate market about to collapse? Do we have 10 more years? What’s the future hold? While no one can definitively answer these questions, today’s guest has some keen insight into timing the market, allowing you to “buy low and sell high.” Today, we’re excited to introduce you to David Gudmundsen, an investor who’s been in the game more than 20 years and who’s seen numerous peaks and valleys — and who has learned how to ride the wave. With more than 250 deals under his belt, David is an incredible resource for anyone looking to grow their portfolio — or preserve it — during times of uncertainty. Unless you know exactly where the real estate market is headed next, don’t miss this powerful and entertaining episode!</p><p>In This Episode We Cover:</p><ul>
Why David chose real estate and his first property
How he got his first property by assuming a loan
How he reached a level of buying a property a month without a college education
How Monopoly inspired him to invest in real estate
How to balance learning and actually making deals
What exactly a wrap is
Thoughts on contracts for deeds
How many deals he has made
What you should know about seller carry back
What walking the mortgage is
Insight into market cycles and crashes
How to read the signs of market cycles
What we can learn from the boiled frog analogy
What “buying right” really means
The importance of not always doing the things others are doing
Why it’s important to join real estate club meet ups
A couple of his worst and greatest deals
And SO much more!
Links from the Show
Books Mentioned in this Show
Tweetable Topics:
- “I can never win at Monopoly unless I roll the dice and I buy houses.” (Tweet This!)
- “A good borrower can make a bad loan good, and a bad borrower can make a good loan bad.” (Tweet This!)
- “Forget location, location, location. It’s all about buy low and sell high.” (Tweet This!)
- “You just look at what exactly the herd is not doing.” (Tweet This!)
Connect with David
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