And so, back in 04 I was living in Los Angeles, I was teaching special ED high school. But Ive definitely drafted an outline. 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? 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. ChatGPT disagrees (see image) What say you? In this conversation. Plus, he doesnt own any rental properties outright anymore, simply because BiggerPockets requires too much of his attention. Yeah, yeah. I mean, I went up against tremendous opposition. After about six months since transitioning out of the role of CEO of BiggerPockets to advisor, I thought it was time to kick off my own personal platform, this site. Why Did Josh Dorkin Leave BiggerPockets Joshua Dorkin I hope to share that journey with you all via this blog, and perhaps through other forms like video or a podcast. and they hold the #1 real estate podcast on iTunes. Wednesday was about thinking, networking and not doing. Well, then you need to figure out a system how to stop being responsive to your email and be proactive, because youre not running your business, your email is running you, right? I always wanted to kind of be here, be oh, I used to call bi-coastal, would be like New York and Cali. x337R0 B],s@(PH(Y 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. For locals, by locals. 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. Josh tells his story of wanting to quit, having 3 nervous breakdowns, and eventually selling to a private equity company. You know, we were living pretty tight on what we were making, where we were, as you know, Denvers not inexpensive. . Like, dont do, keep doing things that make you miserable. And, you know, were in a position where we have an opportunity to do something like this, like, do it. What regrets does he hold? "I would get calls from my buddies who would literally call me. And my quick advice on that is this, this has absolutely worked for me over and again, it may not work for you, but its definitely worked for me. Cool. Joshua Dorkin is the founder of BiggerPockets, as well as a serial entrepreneur, investor, podcaster, publisher, and educator. This ultimately led to me having several panic attacks which really should have been a sign to step back. Just work, keep working, be dynamic, pivot and you know, a lot of luck out there. Joshua Dorkin (Foreword of The Book on Investing In Real Estate with No There are few things worse than seeing your child suffer and this period was easily the worst of my life. The content-rich chapters and corresponding stories of real estate investors give you guidance from the top real estate pros. You know, how do I make it so I could either scale this, get to an exit or just, you know, sell it and quit and be done and find something else. Thank you for the stories and the insights and the tips. But its fantastic. $4%&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz ? Everything came back clear and they released me. I built at my own pace and designed a business with a mission and values that were important to me. You know, with. PDF How to Invest in Real Estate - BiggerPockets I had a budget and time crunch, and was not going to be able to get what I needed on budget or in time. vMs=+C>xZ_/>iZg>XA~! Knowing it wouldnt be wise to drive, I called 911 and a full squad of firemen and paramedics came to visit. And, you know, Ive been investing, you know, since my exit, in different things, looking for, you know, startups to get involved with, looking for boards to become a part of, looking to advise, Ive been advising some small companies kind of off the books. Thank you so much, Josh, I want to have you on again. 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. (Where the hell have you been Josh?!? You know, I was in an industry where there were entrenched interests that wanted me destroyed from the get go. Many of you may know him and he's someone who's going through a whole bunch of transitions in his life, both personally and professionally. And I did it without freaking out or getting stressed because doing so doesnt help. Im 43 and I know Im not a kid anymore. 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. Like dont keep doing things that make you miserable. 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. Its fantastic. Touch device users, explore by touch or with swipe gestures. You know what, Im going to get a fitness watch, and Im going to walk 10,000 steps a day. 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. Twitter View on Twitter. Is this going to be, is this the prelude to a book? 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. I LOVED the first few years of hiring and scaling. Yesterday that reality came a little too close for comfort for me. I wasnt, however, happy with what I had spent my time doing. It's time to start doing And this book will show you exactly where to start! As you know, Im like a scrawny dude. . 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. This was not like, something that everybodys like, Oh, this is going to be the greatest thing since sliced bread. Is it impressing other people? Copyright 2019 Joshua Dorkin. [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 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. Joshua Dorkin Public figure Father. Lets just do it. We have a guy named Josh Dorkin. Lets do it. So I hired a consultant and he came in and we looked over the business. 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. Theres a lot of, you know, Colorado just, you know, still a lot of chaos. I want to, I listened to experts on it. 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. Host Joshua Dorkin is an entrepreneur, most notably the Founder & former CEO of BiggerPockets. The Digital and eTextbook ISBNs for How to Invest in Real Estate are 9781947200050, 1947200054 and the print ISBNs are 9780997584707, 099758470X. Denver, Colorado, United States. For returns, refunds, or the status of your order, you can contact. But he came in and was instrumental to advancing the business. Welcome to the Big Exit, where we discuss startup acquisitions with the founders who lived it. And Im. This terrifying situation broke us, but didnt defeat us. I could still make things out, but barely. This led to massive burnout and I came very close to quitting and shutting everything down. It was brutal. Josh Dorkin: Absolutely. 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 doubt it. COVID you know, your kid gets sick. . You know, theres just the, I mean, its everywhere, right? And the platform itself, your business, whatever it is, is not going to be able to blossom. But you know, looking to make that a little more official. For us, it manifested in my little girl becoming neck down paralized amongst other things. It was a hard decision for Joshua to leave, but thanks to his amazing team, he was able to (even during a time of tribulation in his personal life).Youll hear how Joshua was cranking out 100 hour weeks, working 7 straight days, for the first 6 years of BiggerPockets existence. Bye. Josh Dorkin and Brandon Turner - longtime hosts of the world's number-one real estate podcast, The BiggerPockets Podcast - give you an insider's look at the many different niches and strategies that exist. How to Invest in Real Estate with Joshua Dorkin & Brandon Turner Brandon Turner Net Worth | Wife - Famous People Today Many of you know how I worked almost 8 years without taking a single day off because of this mentality . I taught myself how to code a number of years before back in college, and just started to run with it. You know, thats, surprisingly a significant boost to your health. Weve climbed mountains, traveled, explored and journeyed, surfed, skied and have never stopped seeking out a full and rich life. Joshua Dorkin Oct 2016 Mar 2021. They cleared me, but my very high blood pressure of 160/100 and other symptoms had them concerned, so they stayed to make sure it went down, and before leaving, strongly recommended I go to the hospital if after a little bit things didnt get better. What lessons did he learn along the way? So what I started doing, I was spending hours and hours on the phone every day, constantly and thats part of my job, right? The company is one that I founded almost 18 years ago and left back in November 2018. And lets dive in. Brandon Turner is an author, entrepreneur, and active real estate investor with more than 1,000 rental units under his belt. Post close, I joined the board of directors, but no longer was involved in the day to day decision making at the company. 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. I began to feel hopeful and knew at some point wed all be able to move on - no matter the outcome. 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. In all three cases, my wife was able to kind of talk me down and calm me and you know, but it was like, you know, stress, right, stress and I think we humans just internalize so. 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. JOSH DORKIN: But it gave me the time to really think about life. No. Genealogy profile for Joshua Dorkin Joshua Dorkin (1843 - 1914) - Genealogy Genealogy for Joshua Dorkin (1843 - 1914) family tree on Geni, with over 230 million profiles of ancestors and living relatives. But Ive broken kind of everything in my life down in these terms. What's my secret? 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. 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. 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. It was a hard decision for Joshua to leave, but thanks to his amazing team, he was able to (even during a time of tribulation in his personal life . Because, man 2020, nobody feels good anymore, man, we dont feel good anymore. Second phase was when I took it serious, quit my job and really spent all my time on it. Dan Daugherty: Thats right. Have you had additional clarity from just taking a step back? And Im, you know, Im trying to figure out whats next, you know, looking at ideas. Like any 18 year old, it has continued to mature and to life a life of its own.While my personal contributions to the business are today marked by occasional phone calls and quarterly board meetings, I hope my personal stamp will continue to last for the next 18 years and beyond.Thank you to everyone who believed in me. And so I, you know, on the side, nights and weekends, while teaching, for the first two years, just started building this platform. You are also, obviously Bigger Pockets continues to grow, still the top everything, the community, the podcast. And, you know, my goal was to figure out how do I get myself, how do I change things? Read it!Ryan Harris, Super Bowl 50 Champion and real estate investor. Josh Dorkin and Brandon Turnerlongtime hosts of the world's #1 real estate podcast, . 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. Stop making excuses and focus on those things as your priority because in an instant it can all be over. So I know how to do it, I just, I dont know, Im torn. And for me in that period, you know, when I realized I wanted to be healthier for example, and by the way, I didnt have to lose weight. And particularly, I think the most stressful part was, I was by myself, to your point. 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. And I think the way you live your life, and your happiness is going to be determined by your outlook on that. 40.3K subscribers Thirteen years ago, Joshua Dorkin's friends teased him about starting a website that seemed to have no future. Joshua Dorkin on Twitter: "Proud parenting moment: Tonight while I eat well - seriously cutting back on sugars, eating lots of fruits and vegetables. I easily felt better. 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. 95 0 obj <> endobj 100 0 obj <>/Filter/FlateDecode/ID[]/Index[95 7]/Info 94 0 R/Length 36/Prev 376417/Root 96 0 R/Size 102/Type/XRef/W[1 2 0]>>stream Sarahbeth Maney is a Washington, D.C.-based photojournalist and a photography fellow for The New York Times. Dan Daugherty: I just might, well, offline, lets catch up, because maybe theres something we can do together. They checked my blood, my heart, my eyes, and did a CT with contrast of my head and neck to check my brain and blood vessels. . And I didnt want, I just didnt want to do that. I recommend it to everyone. 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. BiggerPockets founder Joshua Dorkin and Brandon Turner from the BiggerPockets Real Estate Investing podcast. 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? It was time for me to step down, bring in partners, and move on from the day to day running BiggerPockets. I kind of just glazed over it and just put my head down into work, so I didnt feel depressed anymore. Why I left BiggerPockets is a little more complicated. I mean, you know, super, super stressful periods. What are you waiting for? Of course I was happy to have an amazing loving family and a successful business. 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. I had time to wonder, time to wander, and time to contemplate my life and my happiness. I you know, I think another way of saying is, you know, putting yourself in a position to dot dot dot. Josh Dorkin Bootstrapped BiggerPockets to a Big Exit I coasted through the store with the ease of a professional, choosing items that would look great together and which would stand the test of time. 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. Yeah. But, you know, Ive written a book before with Brandon on real estate. After two years, I quit my teaching job, got married, moved to Colorado and began working full time on BiggerPockets. Life is short, you know, you dont know what can happen tomorrow. Youre operationalizing your life and that has allowed you to kind of be more open. Josh Dorkin: So it must have been 07 maybe that that we connected and you and I were talking about, you know, you were thinking about buying different companies, and we were just chatting about that, and that didnt go well for me. Joshua Dorkin - BiggerPockets Its, instead of drinking soda and orange juice, and, you know, coffees and energy drinks, Im just going to drink water, because water is healthy, water cleanses you, water does this, you know, thats not that big a step. 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. Horrifyingly scary, where I was in my, in the office and I broke down and just I was in tears. Joshua Dorkin (@jrdorkin) Instagram photos and videos These facts can either break you or teach you that you simply have no control of things beyond yourself. Today I think its a sign of necessity and strength. And that ended up it was probably like eight years of grind, that is not healthy at all. Over the months and months that I spent caring for her, I had something I had never previously had in my adult life - time. be helpful, you know, seek out advisors in your field and you know, work towards it. Last month I had the opportunity to speak at the Denver Founders event for Colorado entrepreneurs and had a fantastic Q&A with my friend Chris Franks. Of course, it took many more months of work and ultimately several years for her to get back to 100%, but with time, energy, an amazing team, and unlimited love, she has since fully recovered from the incident. How to Invest in Real Estate: The Ultimate Beginner's G I mean, nights, weekends, you name it, seven days a week. How to Invest in Real Estate with Joshua Dorkin & Brandon Turner | BP Joshua Dorkin, Brandon Turner. How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting 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. Just Released: Two NEW BiggerPockets Books to Help You Build Wealth Through Rental Investing . unit you let me know well do it whenever. Dan Daugherty: Yeah, I mean, lets start from the very beginning. That was all I was allowed to do on Wednesday. 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. 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. And not difficult. And I realized that I was unhappy. What do you do when somebody is ripping the copper piping out of your vacant unit? And so we said, hey. Dan Daugherty: Welcome to this episode of The Big exit. The site became so successful that in 2013, BiggerPockets, which had been a one-man show, began hiring employees to support a bevy of new products. Star Wars: Thrawn Trilogy Once I realized this, I instantly knew what I had to do. Plus, he doesn't own any rental properties outright anymore, simply because BiggerPockets requires too much of his attention. Josh Dorkin: I thought I was having a heart attack. 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 . Where previously competitors were weary of one another, we helped people learn that coopetition was a better model - one where people could compete AND cooperate for mutual benefit. Right? There were personality clashes, bad hires, and everything else you could imagine. Just at the time when things were starting to go from big to bigger, Joshua had to take time off to take care of his daughter's medical emergency. 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. But yeah, I mean, there were down periods, dark periods. There had been ups, there had been downs. But I, you know, theres so many books out there. And so you can freak out and flip out, or you can say, all right, you know, what, they made this tweak, what could we do better? And so thinking about the things you go through, look, we all go through good stuff and we all go through bad stuff. And so once you start tackling them, its amazing how your load gets lighter and lighter and lighter. We launched a book business. Joshua Dorkin - Audio Books, Best Sellers, Author Bio | Audible.com Josh Dorkin started BiggerPockets.com from scratch 10 years ago and now has over 435K members. Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, and educator. . Originally from the Bay Area in California, she studied photojournalism at San . Just at the time when things were starting to go from big to bigger, Joshua had to take time off to take care of his daughter's medical emergency. https://www.biggerpockets.com/show421Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin. And I was helping other people get rich, and I was broke.\"\r\r Dorkin spent the next 8 years working mostly as a one-man operation as he tried to monetize a fledgling website.\r\r \"We were struggling and scrapping by on every AdSense check that we could collect,\" Dorkin says. And that had to stop too. And so, for example, one of the core values of Bigger Pockets is family above all else. But I just got caught up in the details, I got caught up in every little detail. 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. On show 313 of the BiggerPockets Podcast, we interviewed Jesse Itzler and what most struck me was our conversation about how short and precious life really is. I put on my headset and Id walk around the neighborhood and I easily got my 10,000 steps. 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%. Today, BiggerPockets is the premier real estate investing website online with . I was making money, but I was still ready, you know, that desperate to just get out. How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started is written by Brandon Turner; Joshua Dorkin and published by BiggerPockets. For those of you who don't know Josh, Josh is the founder of BiggerPockets.com. They really wanted to take me, but without Julie around, I worried about the girls, and passed the initial neurological tests, so I decided to play it by ear. Let me know what you think and please share this if you find it valuable! He convinced a slew of real estate players, such as veteran house-flippers and rental-property investors, to contribute their know-how to BiggerPockets educational blog; added a marketplace for lenders and others to pitch their services; and installed analytic tools such as a calculator that crunches everything from local property taxes to vacancy rates to determine whether that split-level ranch will make for a profitable rental investment. (BTW - Ill certainly talk more about working on a business at another time). Lifes too short, man. Its unlikely. And please share this article so more people can learn about this amazing program. It was a very unpleasant experience, very scary again, you know, I was fairly uncertain I would get through it. Problems dont go away. 04 Mar 2023 02:14:54 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. I was, I went to college, you know, all these things, and bought property thousands of miles away, which would normally be a challenge, but I didnt really do my homework. Weve replaced iced teas, sodas and juices with water in the last decade, and rarely, if ever will I drink alcohol. What do I do? And its made it so Im a hell of a lot happier. And I realized that I was unhappy. BiggerPockets has also added a publishing arm, which released Set For Life on April 23just in time for the height of house-hunting season. . So give me give me the motivation and Ill get out there and do it. Well, what do you need to do to change it? 28 Jan 2023 08:21:40 Josh is also host of the BiggerPockets Podcast (80 million . You need to change your diet, you need to do some exercise. Be there for your families. 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! Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin. Now I take it as it comes, pivot as needed, use a little logic and thinking to get me through the problems, and go about my day - using my energy and brain power for the things that really matter instead of suffering through perseverating about everything all the time.