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. . Looking back, Im reminded of the following from the incredible Hamilton. I move daily and if not for some nagging injuries, try to get in intensive workouts 5 days a week. 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. 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. We all KNOW what we need to do, but more often than not we let our fear of the unkno. But I look at the cycle as a multi stage cycle. serendipitous mindset, but you also need to understand who you are. The Local newsletter is your free, daily guide to life in Colorado. And in that time, I realized that I wasnt as happy as I wanted to be running the business, that I went to my wife, year eight of the company, and I was in tears. I dont know. 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 after about two years, I quit my job teaching and I went full time. And you know, the kids can go out and do physical stuff. Is this going to be, is this the prelude to a book? It's time to stop just thinking, talking, or dreaming about the future real estate investing can give you. Nearly 30 people work out of the companys RiNo office. Lets do it. I wasnt, however, happy with what I had spent my time doing. w !1AQaq"2B #3Rbr So, I looked at our total budget for the project, made some adjustments, grabbed some floor and wall tile for the newly conceptualized (on the fly in my head) shower and went on my way. I get to advise Scott and the current leadership team alongside some incredible partners. (Where the hell have you been Josh?!? I hope to share that journey with you all via this blog, and perhaps through other forms like video or a podcast. q=q >s@U8F qNU +HrQ-&pp9Q#b5H8kz{04rs~PRdyC 14Z'= :O+OIQG{^[gFN28JR`9X, r cvhwc61@S*JL1M$d|H8v:Rp= sE) Fear of change or of taking risks by changing course has sunk far too many businesses. And that ended up it was probably like eight years of grind, that is not healthy at all. Adventurer. And in order to do that, we were going to have to penny pinch at home because my wife was not working. 04 Mar 2023 02:14:54 FHA Guidelines: How to Qualify for a 3.5% Down Loan . Knowing it wouldnt be wise to drive, I called 911 and a full squad of firemen and paramedics came to visit. And so within the business itself, you know, hey, I mean, you used to work at Google, you know, as a media company, Google would change your, Google changes their algorithms all the time, as an example, right? I eat well - seriously cutting back on sugars, eating lots of fruits and vegetables. [j:^h%m-dm0 \G/#f?IXv\I:$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 The Hobby that Turned into a Lifestyle Business When I founded the company I was teaching full time at a special ed high school in the Los Angeles area. That's why two of the biggest names in the real estate world teamed up to write the most comprehensive manual ever written on getting started in the lucrative business of real estate investing. Dan Daugherty: Ah, I love that. So that hire, I really believe the business went from hobby to kind of this you know, call it Mom and Pop, you know, sole operator business and then it became a company and very quickly I had to learn how to deal with employees, how to scale and spent the next number of years doing that with Brandon as kind of my copilot. You know, I felt like, something needed to change for me personally. Yesterday that reality came a little too close for comfort for me. Dorkin failed to account for costly evictions, irresponsible tenants, inattentive property managers, and unforeseen repairs, such as mending a three-foot-wide hole cut through a kitchen floor. 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. Instead of getting my hands dirty building product or testing some new landing page or campaign, I was overssing someone else that was. And you are in Hawaii now, right? And Im, you know, Im trying to figure out whats next, you know, looking at ideas. doesn't own much property. So the operating manual was how do I go from unhappy to happy. Thank you for the stories and the insights and the tips. This caused a shift in Joshua's reality, so he dropped everything. The content-rich chapters and corresponding stories of real estate investors give you guidance from the top real estate pros. As the message board gained a following, Dorkin quit his teaching job, moved to Denver (for quality of life reasons), and focused on the website full time. Josh Dorkin: Absolutely. 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. Touch device users, explore by touch or with swipe gestures. Josh Dorkin's Blog BiggerPockets Turns 18 Years Old! Josh Dorkin Bootstrapped BiggerPockets to a Big Exit October 13, 2020 00:00:00 Dan Daugherty interviews Josh Dorkin who founded BiggerPockets in his living room with $12 bucks. And so I think that mindset is exceptionally important. And so, back in 04 I was living in Los Angeles, I was teaching special ED high school. Plus, he doesn't own any rental properties outright anymore, simply because BiggerPockets requires too much of his attention. For those of you that are truly curious, wait no longer . And so, for example, one of the core values of Bigger Pockets is family above all else. Author. Rethinking my decision to leave Wordpress. And I realized that I was unhappy. And its not healthy for any of us, it really is not. But you know, from a sheer depression, man in the year before my exit, in the year and a half before my exit I had, Id never had this before, but I had three like full on panic attacks. I know far too many people who live the non-stop life and many, if not most, are unhappy. Exclusive bonus content provided after checkout, 2021, BiggerPockets Bookstore Powered by Shopify, Only available in Ultimate Package and offsite, , Super Bowl 50 Champion and real estate investor, How to invest in real estate while working a full-time job, How to earn more at work (or on the side) so you can invest more, How to get your spouse on board with real estate investing, Eight unique property types you can invest in today, Eleven powerful strategies for building wealth through real estate, Twenty-eight tested methods for finding great real estate deals, Details on partnerships, BRRRR investing, and other creative ways to fund your deals. 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. But, you know, I think the key was just persevering through those in order to come out at the end. Our gut answer is run, because you get wet from above and front. Josh talks about what he did to get to a place of happiness and how big changes in his life became catalysts that helped him, his family, and the business grow. But then I, you know, just went balls to the wall, so to speak, and, you know, was doing 80 to 100 hours, trying to build this thing out. They suspected some kind of migraine, and cleared me of all the really scary stuff. And inevitably, you know, I really struggled through those difficult times. All rights reserved. He started BiggerPockets to help democratize the real estate investing landscape for himself and others, aiming to make it . I was happy to have three amazing children, food on the table, and a safe place to live. This was not like, something that everybodys like, Oh, this is going to be the greatest thing since sliced bread. Today, BiggerPockets is the premier real estate investing website online with . I could still make things out, but barely. Denver, CO 80202. There are few things worse than seeing your child suffer and this period was easily the worst of my life. The company, by the way, is the largest real estate investing media company and community out there. Joshua, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. 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. Thanks, Josh. When autocomplete results are available use up and down arrows to review and enter to go to the desired page. 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. As Founder and CEO of BiggerPockets, I created the vision and strategy for the business and bootstrapped the company until . But I, you know, theres so many books out there. Find which one works best for you, your resources, and your goals. \"The business really wasn't making serious money for probably getting close to a decade.\"\r\r The story has a happy ending. For two years I taught and in my free time I coded and built this budding hobby into something that trickled in tiny advertising checks. Not a magic formula. many things and create so many threats, and theres got to be a better way. Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin. What do I do? I realized that over the past fourteen years as CEO and sole founder of BiggerPockets, I sought out success, fame, fortune and accolades, as most people do, but despite achieving all of those things, I just wasnt fully happy. So, the operating manual was, how do I go from unhappy to happy, and that was, it became not just like a. question, but it became a significant force within my life, whether its about you know, journaling about it, contemplating it, talking about it out loud, and making decisions around it. Horrifyingly scary, where I was in my, in the office and I broke down and just I was in tears. Its unlikely. What is a VA Loan and Why Should I Consider Using One? Choose a career that makes you excited to wake up in the morning, energized through the day, and content when you fall asleep at night.', and 'remember: provide value.' Whether its in business, you know, I want to be a better CEO, I want to learn how to become a CEO, so I went and read lots of books on it. But did you, were you ever really depressed at all? Sarahbeth Maney is a Washington, D.C.-based photojournalist and a photography fellow for The New York Times. Thanks. Be there for your families. You know, from a sheer depression, man in the year before my exit, in the year and a half before my exit I had Id never had this before, but I had three like full on panic attacks. and what what happen if things went wrong. Thats a really weird thing to say, especially since I loved the company. It was just another thing I needed to do. 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 LOVED the first few years of hiring and scaling. Instead, it dives into dozens of unique, life-changing quests and is packed with more than forty real-life stories of how real estate investors are finding success in todays economy. In my case, the two things most searched are my net worth and why I left BiggerPockets. Joshua Dorkin is the founder of BiggerPockets, as well as a serial entrepreneur, investor, podcaster, publisher, educator, and co-author of How to Invest in Real Estate. (BTW - Ill certainly talk more about working on a business at another time). 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. Weve cut down on meat, and work hard to avoid the tempting desserts and snacks I used to be addicted to. something that I used to think gave me hustle street cred, but today I realize was just a formula for burnout. This keynote speech goes deep into what really matters most. Is it impressing other people? And the platform itself, your business, whatever it is, is not going to be able to blossom. Press the space key then arrow keys to make a selection. But, you know, 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. Dan Daugherty: All right. We launched a book business. Dan Daugherty: You know, this is, as you were talking, all of the significant life changing moments that occurred not just in your life, but just in our own individual lives, tends to be even if its really, really bad, or really, really good, it tends to be a catalyst for something even bigger, and not all the time, but even from listening to you, it sounds like different things that happened within your life, almost had a purpose or a reason that got you to where you are today. 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? And, you know, the issue I had with those, which led me to founding Bigger Pockets was I, you know, I didnt like the idea of getting caught up in this funnel where, you know, its like, hey, come to our free course, and the free course is just an ad for a free boot camp, you know, some kind of boot camp, which is an ad for a course, which is an ad for, you know, training, and, you know, by the time youre done, and you look up, youve just spent $50, $75,000, to train with some, you know, self-anointed guru and, you know, youve got nothing to show for it a lot, you know, high failure rates and things like that. Shipping rates vary depending on location. It is always interesting to see what kind of things come up when you search for yourself online. JoshuaDorkin.com linktr.ee/jrdorkin Posts Reels Videos Tagged Show More Posts from jrdorkin So, you know, being willing and open to change and being dynamic, I think is one of the most important things. Startup / real estate investor. Originally from the Bay Area in California, she studied photojournalism at San . I think its one of the top hundred podcasts in the world, give or take. His vision for the site and its future brought national press attention to both Mr. Dorkin and to BiggerPockets. \"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. 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. 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. But, you know, if anybody who tries to grasp these things, theyre so big and scary, well then break it down into little steps. He tried to solve his problems by reading real estate how-to manuals, but they made no mention of the real-life issues landlords facelike what to do when someone cuts a three-foot hole in the kitchen floor. And most people, I didnt know really anyone who, I had very few friends, you, Scott Yates, and some other guys who, you know, were creating companies locally that I knew that I could talk to. This terrifying situation broke us, but didnt defeat us. In 2006, Brandon Turner got married to Heather. I had a budget and time crunch, and was not going to be able to get what I needed on budget or in time. And really, quite frankly, I did not do a good job of understanding when Im depressed, or who to call, if Im depressed. It is always interesting to see what kind of things come up when you search for yourself online. . 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. You know, Im not without stress, and headaches. So what I started doing, I was spending hours and hours on the phone every day, constantly and thats part of my job, right? I mean, nights, weekends, you name it, seven days a week. Beyond that, weve helped transform neighborhoods, built communities and so much more.It has been almost 4 years since exiting the day to day and stepping away. And from a bootstrap perspective, you know, bootstrapping, you have a lot less support than you do when you raise money. I was already working 40 hours a week at least on Bigger Pockets in those first two years. 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 but yeah, thats what Ive been up to. What are the things that I need to do to be better within all these personal domains? We engaged an investment bank, initiated a process, and ultimately found ourselves at a successful deal with our aforementioned partners. And so as we were going through this situation with my daughter, little by little she was getting better. Lets just do it. What you may not know is Joshua's journey in founding, building, scaling, and finally leaving BiggerPockets. Star Wars: The High Republic: Light of the Jedi. $4%&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz ? And in that time, I realized that I wasnt as happy as I wanted to be running the business. Julie was in California and I was home alone with the girls. 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. But Ive definitely drafted an outline. Given the choice, I decided to pivot and change course. You know, I want to learn how to be happy. This caused a shift in Joshua's reality, so. But Ive broken kind of everything in my life down in these terms. 40.3K subscribers Thirteen years ago, Joshua Dorkin's friends teased him about starting a website that seemed to have no future. Dan Daugherty interviews Josh Dorkin who founded BiggerPockets in his living room with $12 bucks. Will I get more wet if I stay still, walk or run, and why? You know, if youre not spending significant time every day learning, youre not going to grow, youre not going to get better, youre not going to be competitive with other people across your area of expertise. 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. No, very few people do exactly what you just said and thats actually something that I do as well, I break it out. It was a lot to manage and with it came all the headaches that come with growth. C X" Theres so much. You need to change your diet, you need to do some exercise. 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. A few months back I had the blurry thing, but without the other stuff, and of course, went to visit Dr. Google. I put on my headset and Id walk around the neighborhood and I easily got my 10,000 steps. Plus, he doesnt own any rental properties outright anymore, simply because BiggerPockets requires too much of his attention. Right? 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. We launched amazing products like the podcast, which today is still one of the top 10 business shows in the world. I easily felt better. They live in Grays Harbor, Wash. And I had a lot of time and in that time realized that, you know, after 14 years of building this company, man I love, I love, love, love Bigger Pockets, but I was kind of burnt out. I didnt have a co-founder, I didnt have any partners. 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. . And you know, continue to love Bigger Pockets and love how its impacting peoples lives. Weve climbed mountains, traveled, explored and journeyed, surfed, skied and have never stopped seeking out a full and rich life. Thats why two of the biggest names in the real estate world teamed up to write the most comprehensive manual ever written on getting started in the lucrative business of real estate investing. Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, and educator. 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. Let me know what you think and please share this if you find it valuable! We are all faced with challenges as we go through our lives and they can either break us or just be another thing we deal with. You know, you can work remote, you can do everything remote these days. Our friend had come over to help out and I was going to rest while she watched the girls. So I know how to do it, I just, I dont know, Im torn. As you know, Im like a scrawny dude. Thinker. We were thinking about picking it up and mailing it to you.\"\r\r At the time, Dorkin had just launched BiggerPockets, a then-nascent website about real estate investing. Where am I good in each of these things? Highly recommended!" Nat Borchers, retired pro athlete, I need to move more, cool. He was wrong. 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. Heres your host, Dan Daugherty. If Squarespace had an autosave function and you didnt lose almost an hour of work on a great blog post when your iPad shuts down. What's my secret? Josh Dorkin and Brandon Turnerlongtime hosts of the world's #1 real estate podcast, The BiggerPockets Podcastgive you an insider's look at the many different niches and strategies that exist. x337R0 B],s@(PH(Y Well, what do you need to do to change it? 1675 Larimer St. 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. And then I start knocking them out, hey, I got to get, you know, Ive been eating like crap, Im, you know, 20 pounds overweight, cool. Josh Dorkin: Well, if you put it that way, it sounds pretty good. I remember you and I met, it must have been like, what, when did you found bigger pockets? All things Colorado delivered straight to your inbox. 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 . 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. I learned that the sudden eye blur thing could be a sign of a stroke, but I believed it needed to come along with other symptoms. One final question. I take care of myself. vMs=+C>xZ_/>iZg>XA~! Keep in mind that full time in this case means 80-100 hours a week, with no days off, no vacations, no respit. . You know, these little things allowed me to continue to work, do my job and stay healthy at the exact same time. 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%. Right? I spent countless hours caring for her full time - feeding, moving, and working with her to accomplish tiny wins like the movement of a single finger or opening an eye. Unlike most traditional real estate books, this one wont tell you there is one secret path to real estate success. Make sure youre doing everything you can to live your best life. Today I think its a sign of necessity and strength. . I kind of just glazed over it and just put my head down into work, so I didnt feel depressed anymore. And so that ultimately led to diversification of the business. Choosing a selection results in a full page refresh. Every purchase comes with free bonus content: How to Invest in Real Estatewill catapult you 510 years ahead of where you are now. As I sat there trying to relax, things didnt improve and I knew I needed to go in. And I ran across a blog, and they talked about they called it serendipitous mindset, where you leave your mind open and as you see these different things that happen to you serendipitously, whether its the people that you have met five years ago, just like how you and I met many, many years back. You know, I didnt know if I needed to take an ambulance to the hospital. And if you want to grow and thrive, you have to become seriously adept at it. Is it all the hustle and grind? And, you know, Ive, you know, when I get back into it, you know, occasionally I give it a kick start. For returns, refunds, or the status of your order, you can contact. And particularly, I think the most stressful part was, I was by myself, to your point. Here youll have a chance to follow me via this blog and to explore the ideas, products, services, books and many other things that influence me. Separating the job from the company took a lot of time for me to do, but the realization set me on a path to where I am today. Im 43 and I know Im not a kid anymore. And everybodys at each others throats and stressed and tense. very much oversimplifying it. In this conversation. And, you know, my goal was to figure out how do I get myself, how do I change things? Find which one works best for you, your resources . And yeah, so were here. And the company was profitable. I mean, whatever it is. And I had to step away, I had to step away from the company, in order to take care of my family. 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. But Joshua Dorkin is creating an online empire. All you need to do is go to https://smile.amazon.com/ and youll have the option to select a non-profit of your choice to give to. But I just got caught up in the details, I got caught up in every little detail. 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! "I would get calls from my buddies who would literally call me. You know, dont keep doing things that keep you super stressed out. Mind you, in order to survive in business, the pivot is one of your most powerful tools. You know, we were living pretty tight on what we were making, where we were, as you know, Denvers not inexpensive. And that had to stop too. Joshua Dorkin is the founder of BiggerPockets, as well as a serial entrepreneur, investor, podcaster, publisher, educator, and co-author of How to Invest in Real Estate. But yeah, I mean, there were down periods, dark periods. But yeah, what else you got? Mr. Dorkin's vision for BiggerPockets helped to propel it into becoming one of the top real estate destinations online.

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