. Josh Dorkin: Absolutely. Many of you know how I worked almost 8 years without taking a single day off because of this mentality . And the platform itself, your business, whatever it is, is not going to be able to blossom. Zf|Gy}dN1,2,qY\ s#sK~?>#W]CYq~Z6btV37 g)v3[# kG:_jJ/0Cr[-I\7{\t_LkL,K'4'Mm+"Pd60|q!?jO7S9h,P-WwS/. How do we make a change, change the way we operate the business so that we, so that Googles algorithm changes become less of a significant impact on who we are and what we do? I dont know, maybe, if I get some encouragement from my friends Ill do it. There had been ups, there had been downs. But I wanted to be healthier. Ive used that technique, and that has helped me dramatically. Read it!Ryan Harris, Super Bowl 50 Champion and real estate investor. Joshua Dorkin Public figure Father. What you may not know is Joshua's journey in founding, building, scaling, and finally leaving BiggerPockets. It wasnt simple enough, and we, you know, we realized that I was doing everything, which I was, I was doing the job of, you know, 17 different people. And, you know, I think theres a lot of people who are willing to. And in that time, I realized that I wasnt as happy as I wanted to be running the business. So Ive got a book journal where Ive literally broken my life down into segments, physical fitness, health, I separate them, physical fitness and health, business and work, wife and love, my kids and you know, some people may put faith in there, whatever it is. Josh Dorkin: Absolutely. How to Invest in Real Estate: The Ultimate Beginner's G What do I do? A thought experiment My daughter posed the following question: It is raining outside at a constant rate. All rights reserved. He started BiggerPockets to help democratize the real estate investing landscape for himself and others, aiming to make it accessible for everyone, regardless of income or education. And so that ultimately led to diversification of the business. But COVID hit, and we got sick in March and it was, you know, it was tough and I was very, very, very sick. They have grown to be one of the largest and most reputable real estate community on the Internet with a forum that has over 900,000 posts! Is it impressing other people? Joshua Dorkin is the founder of BiggerPockets, as well as a serial entrepreneur, investor, podcaster, publisher, and educator. Overnighted packages might take a week or so if youre lucky, standard mail might take weeks, and trying to get a package from the mainland - well, hold on - that might be 2-3 months. And its interesting, you know, as you and a stressor might be, I come in every day, and I look at emails for three or four hours, and Im stuck in email. Joshua Dorkin Quotes (Author of The Book on Investing In Real Estate Wednesday was about thinking, networking and not doing. And what advice would he share with other aspiring online entrepreneurs?\r\r We don't talk about real estate investing in today's episode. But I think from a mindset perspective, you really, I think, if you have a learning mindset, a mindset where Hey, I always want to learn, I always want to get better. Its fabulous. Theres so much. I cant really describe in words what everything looked like, but it didnt feel right. (Where the hell have you been Josh?!? Like, dont do, keep doing things that make you miserable. I dont know. Josh tells his story of wanting to quit, having 3 nervous breakdowns, and eventually selling to a private equity company. Dan Daugherty: Well said. Twitter View on Twitter. Some people dont see that, its almost like when you get a new car, and then you start seeing other similar cars that are the same color that you never saw before. I had purchased a few rental properties and needed some help dealing with all the questions I had, but couldnt find a place where I could get answers without having to deal with solicitations and promotions of these self-proclaimed gurus who dominated the scene at the time. Thank you for the stories and the insights and the tips. We were all about trying to help people build wealth, learn how to build wealth through real estate investing. Absolutely. We grew the community. For us, it manifested in my little girl becoming neck down paralized amongst other things. Today, BiggerPockets is a thriving community of over 500,000 experienced and aspiring real estate investors with a wealth of content around buying, managing, and selling investment properties. I realized that like, thats not healthy, you know, its healthy to be balanced, its healthy to spend time with downtime and so, you know, tried to create operating manuals around that, you know, eventually that became like, my Wednesdays, you know, in the year, call it year and a half leading to the exit, my Wednesdays, I didnt go into work. Dan Daugherty: All right. Im your host, Dan Daugherty and today I have a good friend, Josh Dorkin, who is the founder and former CEO of Bigger Pockets. This keynote speech goes deep into what really matters most. Dan Daugherty: Yeah, theres no shortage of chaos in the startup world and those that cannot adapt to change will inevitably fail and close shop. Mind you, in order to survive in business, the pivot is one of your most powerful tools. We had kids at that point. How to Invest in Real Estate - Google Books And so within the business itself, you know, hey, I mean, you used to work at Google, you know, as a media company, Google would change your, Google changes their algorithms all the time, as an example, right? For me, I realized that if Im going to run this company, Ive got these kids that I love and my wife and I had spent so long not taking vacations, not taking days off, I worked eight years without a single day off, which is incredibly stupid. [j:^h%m-dm0 \G/#f?IXv\I:$W2i|IO]K}3R+_D_P{_zZ`uu I\bY]_|[ J'|#W} t_g%=5+nnsN@ W ~xSf&+|r i44u{]Im|0S>gX}^jK9$m0BR8Y]?\fry5l |E~x7~'&xa PE""X WHr;.7=1k And really, quite frankly, I did not do a good job of understanding when Im depressed, or who to call, if Im depressed. Not the way I wanted to spend my Saturday . The two of them promised me that they would take care of the company in my absense and they certainly did that and I am of course, eternally grateful. And the company was profitable. Joshua Dorkin, Brandon Turner. Accept the New Rules of Life or Suffer in Misery. I mean, you know, super, super stressful periods. But you know, we were living off the business and it was very scary to go and take on debt because Im very conservative financially, fiscally. It was a lot to manage and with it came all the headaches that come with growth. I felt trapped. Josh Dorkin and Brandon Turner longtime hosts of the world's #1 real estate podcast, The BiggerPockets Podcast - give you an insider's look at . Like dont keep doing things that make you miserable. why not? We've all felt scared about doing that big thing we've dreamed of doing. He was wrong. And not difficult. Josh Dorkin: Absolutely. And its not healthy for any of us, it really is not. We always wanted to be, you know, in Hawaii and Colorado. Right? It's time to stop just thinking, talking, or dreaming about the future real estate investing can give you. Originally from the Bay Area in California, she studied photojournalism at San . Is that a good statement to say? Joshua Dorkin BiggerPockets Founder Maui, HI 28K FOLLOWERS 5 FOLLOWING 346K CONNECTIONS I am the Founder, former CEO (2004 - 2018), former podcast host, and current board member of BiggerPockets. In my case, the two things most searched are my net worth and why I left BiggerPockets. Lets just do it. Ill argue that all of that stuff is bullshit. On October 28, 2015, the couple released a book named "The Book on Managing Rental Properties." Children In May 2016, they welcomed a daughter, named Rosie. I dont wish it on anyone to go through what we all went through, but it gave me the time to really think about life. So, without spending any more money or giving up any of your time (both of which I recommend you do in support of great charities around the world), you can be a philanthropist! I love being an entrepreneur, but I simply prefer working at a smaller company - the sweet spot for me is probably up to 15 employees or so. I was making money. You know, I got a standing desk instead of a sitting desk, you know, then I started to add one on one meetings, you know, when I had one on one meetings, instead of doing it at a restaurant or coffee, or sitting down in the office, they would be walking meetings. Heres your host, Dan Daugherty. Of course, this was an extremely difficult transition for me, but I believe that several years later, I have become a highly valued board member that contributes immensely to the business and Im hopeful that I can find other opportunities to do the same for other companies. JFIF ,, C I was already working 40 hours a week at least on Bigger Pockets in those first two years. You know, Im not without stress, and headaches. Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin. I you know, I think another way of saying is, you know, putting yourself in a position to dot dot dot. Well, what do you need to do to change it? A life-long adventurer, Brandon (along with his wife and daughter) splits his time between his home in Hawaii and various other destinations around the globe. Josh Dorkin and Brandon Turnerlongtime hosts of the world's #1 real estate podcast, . He was the longtime co-host of The BiggerPockets Podcast, and he's the author of seven books that have sold more than a million copies combined. Shopping these days is just a little less fun. And so we spent weeks going through the business, realize that we had, you know, created a product that was a little overly bloated, there was you know, wed built too much, too many features. Oh, and were living on a rock in the middle of the ocean during a pandemic, which means that getting your hands on materials that arent here in Maui, is a game of patience. Whether it is the struggle to communicate at checkout while you and the cashier are donning masks, or the untrusting looks from everyone around you, the entire experience is less pleasurable for all of us. 40.3K subscribers Thirteen years ago, Joshua Dorkin's friends teased him about starting a website that seemed to have no future. Podcaster. . And I had to step away, I had to step away from the company, in order to take care of my family. The days of building product, building community, marketing, growth hacking and being creative were replaced with days managing people. But, you know, I think the key was just persevering through those in order to come out at the end. Star Wars: The High Republic: Light of the Jedi. Given the choice, I decided to pivot and change course. Came to be ready to quit and like told my wife, hey, Im ready to sell the business. I recommend it to everyone. |8{'t o`7p\2K`0rS%O|>. Z|\ ~kqCi\hPmskwJLP5|/(X.T Thirteen years ago, Joshua Dorkin's friends teased him about starting a website that seemed to have no future.\r\r \"I would get calls from my buddies who would literally call me on my cell phone [and say] 'Hey Josh, we just walked past a penny on the ground. We build tools, our content, our social presence. +TYKqXLfsid| How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Theres a lot of, you know, Colorado just, you know, still a lot of chaos. Colorado, working ridiculous hours in my basement, I ended up meeting you, of course, and just kept going and going for six more years, until I was ready to throw in the towel. } !1AQa"q2#BR$3br There are few things worse than seeing your child suffer and this period was easily the worst of my life. Of course I was happy to have an amazing loving family and a successful business. And for me, the outlook is Im not going to let these things dominate me, theyre not going to define me, Im going to allow them to, like you say, to become some kind of catalyst. Problems dont go away. How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting http://biggerpockets.com/moneyshow42Real estate is a hot topic right now, and who better to talk about the subject than BiggerPockets founder Joshua Dorkin a. Copyright 2019 Joshua Dorkin. And, you know, between Brandon and Scott Trench, who was my second in command at the business at the time, and my management team, you know, I tasked those guys and gals to run the business and I had to focus on my family. Do I hire? These facts can either break you or teach you that you simply have no control of things beyond yourself. \"I was working a full-time job making no money as a teacher,\" Dorkin says, \" and then [I] quit that job, reliable income, to blindly create this platform for other people. Yesterday that reality came a little too close for comfort for me. vMs=+C>xZ_/>iZg>XA~! We grew the platform and its offerings. But that's OK. Josh Dorkin's Blog - Joshua Dorkin We launched amazing products like the podcast, which today is still one of the top 10 business shows in the world. They suspected some kind of migraine, and cleared me of all the really scary stuff. Today, BiggerPockets is the premier real estate investing website online with . We took power from those who made information inaccessable by opening the doors and making sure real estate investing knowledge was free.Over the years, the mission to democratize knowledge so anyone, anywhere, regardless of income, education, age, or any other demographic, could learn to build wealth, has resulted in countless lives being changed for the better.Not only have we helped individual investors around the country and work, but weve moved markets.Ive always wanted to calculate the actual economic impact of the business - Im sure the true number would blow everyones minds. But I, you know, theres so many books out there. But yeah, just finding different ways to tweak the way youre doing things, right, if what youre doing personally with your family, and Ive also done that. You know, you can work remote, you can do everything remote these days. And I mean, even when Brandon was hired, it sounds like you were able to take a step back, look at a much bigger strategic view from a business perspective that accelerated growth. +(((Bp3G' $('4 )GNh!NA< BiggerPockets founder Joshua Dorkin and Brandon Turner from the BiggerPockets Real Estate Investing podcast. And instead of working on the business, I was working in the business exclusively. I always wanted to kind of be here, be oh, I used to call bi-coastal, would be like New York and Cali. If thats the case, figure out what you need to do to change and the big challenge I think most people have is thats so big and tenuous, like, what do I do? Investing in Your Future with Joshua Dorkin - Placester And, you know, so I take those moments when they come to me and I try and take bold steps when they come. Do what you need to do to find your happiness. hb```b``"Y@9YY0sp(AnD$x}9QZuI>'vM`VyU'7>hAUf+-U]Y&-:+5+!Ab` 2:;4:J s `NzxSSgp80/ulk8 so9e1TX @6{c4# ] endstream endobj 96 0 obj <> endobj 97 0 obj <>>>/Rotate 0/Type/Page>> endobj 98 0 obj <>stream (BTW - Ill certainly talk more about working on a business at another time). You know, I was in an industry where there were entrenched interests that wanted me destroyed from the get go. A lot of people can at least. I didnt do a lot of that, you know, I didnt want to share my feelings necessarily, in those early years, because I thought it was a sign of weakness. Josh Dorkin: I thought I was having a heart attack. While teaching, I began to build a directory of resources and a forum which were the roots of todays community and platform. And so thinking about the things you go through, look, we all go through good stuff and we all go through bad stuff. Save up to 80% versus print by going digital with VitalSource. many things and create so many threats, and theres got to be a better way. Find which one works best for you, your resources, and your goals. I know far too many people who live the non-stop life and many, if not most, are unhappy. And I immediately thought of you, because youve bootstrapped Bigger Pockets from I remember your Washington Park house where we met to really a multi-million dollar organization. This caused a shift in Joshua's reality, so he dropped everything. Just Released: Two NEW BiggerPockets Books to Help You Build Wealth Through Rental Investing . Wed launched the publishing business, I mean, you know, the company grew and grew, he will allowed me to think about the business from a holistic standpoint, strategic, and over time, we grew, we scaled, we hired dozens of people. Our friend had come over to help out and I was going to rest while she watched the girls. As a father, this is what Im excited to see happen for my kids soon, and as an entrepreneur, I cant imagine being more proud than building something amazing that can live on beyond me like BiggerPockets has done. Will I get more wet if I stay still, walk or run, and why? This book provides a comprehensive overview of real estate investing strategies whether buy and hold to short-term rental and everything in between. Author. Josh Dorkin and Brandon Turnerlongtime hosts of the worlds #1 real estate podcast, The BiggerPockets Podcastgive you an insiders look at the many different niches and strategies that exist. You know, we started producing video, we created podcasts, we created books, you know, we wanted to be where the listeners and viewers were versus thinking, hey, theyre going to come to us. He later transitioned to building a team, starting with the BiggerPocket Podcasts very own host, Brandon Turner.This later snowballed into more hirings, with the BiggerPockets growing faster and faster, and being able to scale larger and larger. Dan Daugherty: Ah, I love that. How do I hire? . And I guess, you know, if you dont mind me throwing this in there, you know, if you raised money, or if you bootstrap, you know, its fighting for exit is, I think, one way to run a business, I think the other way to run a business is fighting to create an amazing business. I mean, the very first early years, you know, I had very little support outside of my wife, you know. Josh is also host of the BiggerPockets Podcast (80 million . And that had to stop too. Keep in mind that full time in this case means 80-100 hours a week, with no days off, no vacations, no respit. I mean, whatever it is. I wish it would touch more on farmland and syndications a little more but those could be considered more niches. I wasnt, however, happy with what I had spent my time doing. Adventurer. Every purchase comes with free bonus content: How to Invest in Real Estatewill catapult you 510 years ahead of where you are now. And I had spent so long not taking vacations, not taking days off, I worked eight years without a single day off, which is incredibly stupid. Where else can we dive into this? And so what I tell my friends and just people that you know if I ever am speaking is, you know, you got to take care of your first, yourself first. I had never, I hadnt invested another penny in. Josh Dorkin: Yeah, yeah, I think for me, the book, The One Thing by Gary Keller and Jay Papasan, was one of the most impactful in just, you know, helping me kind of break things down. And so, you know, its a serious decision to raise money or not to raise money. As you can see in the image below, every time you shop while using the smile subdomain, Amazon will show you your charity of choice (in this case, you can see that we support Childrens Hospital Colorado Foundation). So hired a guy named Brandon Turner, he, some of you listening may know him, hes still the co-host of the Bigger Pockets podcast. I eat well - seriously cutting back on sugars, eating lots of fruits and vegetables. The Local newsletter is your free, daily guide to life in Colorado. What you may not know is Joshua's journey in founding, building, scaling, and finally leaving BiggerPockets. I think its one of the top hundred podcasts in the world, give or take. Joshua Dorkin Dec 2015 Mar 2021. And, you know, my goal was to figure out how do I get myself, how do I change things? My strategy was to first pick out the easy items like toilet, vanity, towel bars and hooks, followed by choosing flooring, and finally finding a pre-fab shower that we could just drop in. And you know, continue to love Bigger Pockets and love how its impacting peoples lives. $4%&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz ? Stop making excuses and focus on those things as your priority because in an instant it can all be over. Knowing I was in for a long visit to Home Depot yesterday, I made sure I had my list together and set out to pick up all the materials I needed to renovate our guest bathroom. Dan Daugherty: How long have you been in Hawaii with the family? I LOVED the first few years of hiring and scaling. I mean, you know, would somebody have diagnosed me with clinical depression? Was it 2009? No, very few people do exactly what you just said and thats actually something that I do as well, I break it out. After coming up short, Joshua decided to take matters into his own hands and start his own website. Knowing it wouldnt be wise to drive, I called 911 and a full squad of firemen and paramedics came to visit. Bye. It became more than a website - it became a brand and an ideal. Post close, I joined the board of directors, but no longer was involved in the day to day decision making at the company. Plus, he doesn't own any rental properties outright anymore, simply because BiggerPockets requires too much of his attention. On Pivoting and Maintaining Control of Everything, Finding That Moment of Time Each Day to Live and Be Present, The Evolution of Business: From Bootstrap to Semi-Retired (Video), How to Support Your Favorite Charities (for Free) Every Time You Shop on Amazon, 50% change youre shopping there once a week, The Return . What are you waiting for? hbbd`b`ab`gb`\ '11d; Z endstream endobj startxref 0 %%EOF 101 0 obj <>stream Growing BiggerPockets From 0 to 870k Members, with Joshua Dorkin 28 Jan 2023 08:21:40 Cool. And yeah, so were here. It's time to start doing And this book will show you exactly where to start! Its fantastic. You know, well be doing great getting, you know, x million views per month on, you know, through search, and all of a sudden, Google will make an algorithm change, and thatll drop 20% or 30%. . How One of the Largest Real Estate Communities was Built? with Joshua Because, man 2020, nobody feels good anymore, man, we dont feel good anymore. I mean, you know, you want me to just take it from the beginning or? His wife and three daughters wouldnt take too kindly to sharing their space. The couple also has a son named Wilder. Shipping rates vary depending on location. FHA Guidelines: How to Qualify for a 3.5% Down Loan . You know, dont keep doing things that keep you super stressed out. This caused a shift in Joshuas reality, so he dropped everything. "I would get calls from my buddies who would literally call me. This led to massive burnout and I came very close to quitting and shutting everything down. Explorer. The real estate industry is huge, and often complicated, but this book clears away the fog and uncertainty in a fun, easy-to-read manner. Standard economy shipping is always FREE, but you can upgrade if you'd like to receive your book faster. Did you feel, I mean, Im sure you had lots of times where you just wanted to quit or push through. All things Colorado delivered straight to your inbox. Check it out below and hopefully you learn not only a little more about me, but you also pick up some tidbits about business, entrepreneurship, work-life balance, family, and important time-management habits. q=q >s@U8F qNU +HrQ-&pp9Q#b5H8kz{04rs~PRdyC 14Z'= :O+OIQG{^[gFN28JR`9X, r cvhwc61@S*JL1M$d|H8v:Rp= sE) w !1AQaq"2B #3Rbr Josh Dorkin: No, thanks, man, I appreciate it. Host and Producer on The Undeniably Curious Podca, Host on BiggerPockets Real Estate Po, BiggerPockets Video Podcast, and Money with Friends, and Guest on BiggerPockets Business Podcast. I get to advise Scott and the current leadership team alongside some incredible partners. Dan Daugherty: And well, first off, Im so happy that your daughter is healthy now. Suite 675 The Digital and eTextbook ISBNs for How to Invest in Real Estate are 9781947200050, 1947200054 and the print ISBNs are 9780997584707, 099758470X. . Welcome to the Big Exit, where we discuss startup acquisitions with the founders who lived it. 421: Family Over Everything: How Life Forced BP Founder Joshua Dorkin I immediately stepped back from the day to day at work and handed charge to my number two at the time, Scott Trench in coordination with Brandon. Joshua Dorkin on Twitter: "A thought experiment My daughter posed the So you know, whether its that or, hey, Im stressed about money, well, you know, you got to then go and break down your budget, and you got to figure out why youre stressed about money. Proud parenting moment: Tonight while eating dinner, my daughter started to sing Freewill by @rushtheband and followed it up with her rendition of The Trees. And anything thats stressing me out, you absolutely have to dissect it, and then figure out what the root cause is and that opens up everything else because then you figure out ways, again, Ill use the term operationalize it, is because then it allows you to leverage different tools, maybe you have to delegate more, maybe you dont have to respond within an hour of every single email that comes in, whatever it might be. . Life is short, you know, you dont know what can happen tomorrow. Touch device users, explore by touch or with swipe gestures. Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, and educator. Joshua Dorkin (Foreword of The Book on Investing In Real Estate with No Why I left BiggerPockets is a little more complicated. This ultimately led to me having several panic attacks which really should have been a sign to step back. So first phase, I call it like that hobby phase. Horrifyingly scary, where I was in my, in the office and I broke down and just I was in tears. You know, dont keep doing things that keep you super stressed out. Sign up today! His vision for the site and its future brought national press attention to both Mr. Dorkin and to BiggerPockets. Once I realized this, I instantly knew what I had to do. Ive always followed the same mantra - work hard, hustle, grind. Let me know what you think and please share this if you find it valuable! It was time for me to step down, bring in partners, and move on from the day to day running BiggerPockets. But Ive broken kind of everything in my life down in these terms. Nearly 30 people work out of the companys RiNo office. Six years later and a full eight years after I founded the company, I hired my first full-time employee, Brandon Turner, who helped me create our podcast and was crucial in the next stage of growth of the business from lifestyle business to full fledged company. The company is one that I founded almost 18 years ago and left back in November 2018 after undertaking a recapitalization via McCarthy Capital, a private equity shop out of Omaha. In the early years, that was mostly strangers, as most of my friends thought I was nuts, but the coolest part is that today, many of those strangers are my closest friends.Finally, if youre dreaming about starting some crazy idea - whether it be a small business, a startup, a real estate investment, or anything else, I encourage you to take a chance.Life is too short to life without taking some risks.And no one wants to live a life full of regrets.Besides, youll never know if that hobby or idea can become a success if you never give it any real effort. But thats OK. Hes still well on his way to becoming a mogul just less Donald Trump and more Rupert Murdoch. He started BiggerPockets to help democratize the real estate investing landscape for himself and others, aiming to make it accessible for everyone, regardless of income or education. I mean, I literally started this company with the, you know, like 12 bucks a month that it cost me to host and the whatever four or five bucks it cost to register the domain name back then, and that was it. And I had just swarms of competitors coming out of the woodwork trying to take me down and so there was threat everywhere, right, theres threat everywhere.