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. I LOVED the first few years of hiring and scaling. Host Joshua Dorkin is an entrepreneur, most notably the Founder & former CEO of BiggerPockets. It is my mission to continue to better all of these until my time comes - hopefully when Im much older, but I wont allow myself to let the other nonsense get in the way of that mission. Oct 2004 - Nov 201814 years 2 months. And inevitably, you know, I really struggled through those difficult times. Shipping rates vary depending on location. BiggerPockets has also added a publishing arm, which released Set For Life on April 23just in time for the height of house-hunting season. BiggerPockets founder Joshua Dorkin and Brandon Turner from the BiggerPockets Real Estate Investing podcast. 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. serendipitous mindset, but you also need to understand who you are. doesn't own much property. But cool, you know, and you move from drinks to water, you start losing weight. 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 want to, I listened to experts on it. Have you had additional clarity from just taking a step back? So we went and we hired an investment bank, I mean, cutting a long story short, Im sure youre going to have a ton of questions and sorry for ranting, but we hired a bank, went through a process, and, you know, six, eight months later, I had an exit to a private equity company, still own a significant piece of the business. I was teaching high school in Los Angeles. Star Wars: The High Republic: Light of the Jedi. I make a list of everything thats stressing me out, all the stressors, from big to small, and then I start to knock them off. These facts can either break you or teach you that you simply have no control of things beyond yourself. I recommend it to everyone. And the company was profitable. Or just shut it down. So, in 2004, Dorkin launched BiggerPockets, a website for real estate investors to ask and answer each others questionslike a Reddit for property owners. Second phase was when I took it serious, quit my job and really spent all my time on it. Standard economy shipping is always FREE, but you can upgrade if you'd like to receive your book faster. And that ended up it was probably like eight years of grind, that is not healthy at all. 5280 Publishing, Inc. 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. 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 . 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. It was a very unpleasant experience, very scary again, you know, I was fairly uncertain I would get through it. I mean, nights, weekends, you name it, seven days a week. . Life is short, you know, you dont know what can happen tomorrow. Our friend had come over to help out and I was going to rest while she watched the girls. 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. After coming up short, Joshua decided to take matters into his own hands and start his own website. 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. I dont know, you know, I certainly have my own unique and distinct perspective, like anyone else. And I think the way you live your life, and your happiness is going to be determined by your outlook on that. Find which one works best for you, your resources, and your goals. Im 43 and I know Im not a kid anymore. Lets just do it. |8{'t o`7p\2K`0rS%O|>. Z|\ ~kqCi\hPmskwJLP5|/(X.T 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. This led to massive burnout and I came very close to quitting and shutting everything down. 1065 episodes totalling 1002 hours, 17 minutes. His wife and three daughters wouldnt take too kindly to sharing their space. Today I think its a sign of necessity and strength. 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. Find which one works best for you, your resources, and your goals. And, you know, so I take those moments when they come to me and I try and take bold steps when they come. I got through it, thank goodness, and, again, it was another one of those moments for us where were like, you know, what are we doing? the health, for example, instead of like, hey, I need to lose weight. I take care of myself. But, you know, Ive written a book before with Brandon on real estate. 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. You know, I couldnt breathe. You need to change your diet, you need to do some exercise. You know, we were living pretty tight on what we were making, where we were, as you know, Denvers not inexpensive. But instead of sitting in my office talking on the phone, every phone call that I had was a walking call. But Im not currently on it. You know, Im not without stress, and headaches. For locals, by locals. This tip will teach you how to be a philanthropist (for free) every time you shop on Amazon. And so, you know, its a serious decision to raise money or not to raise money. 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. . Founder BiggerPockets. Weve cut down on meat, and work hard to avoid the tempting desserts and snacks I used to be addicted to. But, you know, I now have a formula on how do I get rid of them. Horrifyingly scary, where I was in my, in the office and I broke down and just I was in tears. There had been ups, there had been downs. 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. So I want the opposite. And so thats what I do in my book, and I literally will break all these mega tasks into little micro steps. 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/. Dan Daugherty: All right. Today, BiggerPockets has grown to more than 870,000 members. The days of building product, building community, marketing, growth hacking and being creative were replaced with days managing people. After two years, I quit my teaching job, got married, moved to Colorado and began working full time on BiggerPockets. 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. Thanks, Josh. I didnt take calls. and they hold the #1 real estate podcast on iTunes. And so I think for a very long time I ran my life, you know, moment to moment and its through conversations with folks like Brandon, you know, lots of, Ive got some good friends who think real deeply, to reading a lot, reading a lot, listening to some, you know, thought leaders in various spaces, you know, my transformation really, I think began from the moment of that I went to my wife, year eight of the company, and I was in tears. 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. 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. That was all I was allowed to do on Wednesday. And its not healthy for any of us, it really is not. Josh Dorkin: Absolutely. Like, I mean, you wouldnt know the difference between her and any other kid. Highly recommended!" Nat Borchers, retired pro athlete, 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. "Dorkin and Turner have really laid out a clear, straight-to-the-point guide to achieving success through real estate investing. 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 wish it would touch more on farmland and syndications a little more but those could be considered more niches. Because, man 2020, nobody feels good anymore, man, we dont feel good anymore. I mean, we were able to do that in Colorado, but you know, youre on a trail youre, you know, running across people without masks, you know, its just the, you know, the whole debate, were not going to get into it, but either way, it you know, it presented an opportunity for us to find some kind of, to find some peace and to find a place where everybody just could feel good. 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. We came to Hawaii, weve been here since July. Our gut answer is run, because you get wet from above and front. 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. 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. You know, we are not residents yet, you know, were doing our trial balloon now so to speak. But this was awesome Josh, thank you so much for your time. Josh Dorkin: No, thanks, man, I appreciate it. Is this going to be, is this the prelude to a book? We engaged an investment bank, initiated a process, and ultimately found ourselves at a successful deal with our aforementioned partners. We were all about trying to help people build wealth, learn how to build wealth through real estate investing. I still get a lot of my great information from the community and the network. 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. BiggerPockets has grown quite a lot since Ive left, and Ive enjoyed watching it take on a life of its own without me steering the ship. 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. 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. I hope to share that journey with you all via this blog, and perhaps through other forms like video or a podcast. And I think far too many people get caught up in that, well, you know, Im going to build a business to get to an exit. And the platform itself, your business, whatever it is, is not going to be able to blossom. 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. Right? 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. Where am I good in each of these things? 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. As you know, Im like a scrawny dude. 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 realized that I was unhappy. It became more than a website - it became a brand and an ideal. Its fantastic. Thank you so much, Josh, I want to have you on again. Of course I was happy to have an amazing loving family and a successful business. 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. You know, dont keep doing things that keep you super stressed out. And, you know, were in a position where we have an opportunity to do something like this, like, do it. 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). 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. I get to advise Scott and the current leadership team alongside some incredible partners. And please share this article so more people can learn about this amazing program. 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? But, you know, if anybody who tries to grasp these things, theyre so big and scary, well then break it down into little steps. Joshua Dorkin, Brandon Turner. We're confident in the quality of our books. 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. But that's OK. Well, what do you need to do to change it? His vision for the site and its future brought national press attention to both Mr. Dorkin and to BiggerPockets. But did you, were you ever really depressed at all? 27 quotes from Joshua Dorkin: 'Today I get 100 times more done with 100 times less effort. But Joshua Dorkin is creating an online empire. 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. The impact of the site, the podcasts, the dozens of books, the videos cant be measured in KPIs alone, but must be measured by lives changed for the better.As a result, BiggerPockets helped transform an industry. This caused a shift in Joshuas reality, so he dropped everything. You know, dont keep doing things that keep you super stressed out. The blur lasted a little less than 10 minutes, but after that, my eyes just felt funny. But thats OK. Hes still well on his way to becoming a mogul just less Donald Trump and more Rupert Murdoch. The Local newsletter is your free, daily guide to life in Colorado. There were books, but like, you know, the books were pretty general, they didnt really say, what do you do when your tenant is stealing electricity from the building next door? Originally from the Bay Area in California, she studied photojournalism at San . And yeah, so were here. So, you know, being willing and open to change and being dynamic, I think is one of the most important things. 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. 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. We always wanted to be, you know, in Hawaii and Colorado. By the time I exited, we had over 40 full time employees, and around a dozen contractors - close to sixty people working for the business. So first phase, I call it like that hobby phase. Joshua Dorkin is the founder of BiggerPockets, as well as a serial entrepreneur, investor, podcaster, publisher, and educator. We had kids at that point. why not? You know what, Im going to get a fitness watch, and Im going to walk 10,000 steps a day. 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. Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin. Where else can we dive into this? 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. We've all felt scared about doing that big thing we've dreamed of doing. 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. What lessons did he learn along the way? Leaving BiggerPockets was very difficult - probably similar to sending your child off to college, but I did so both because it is was I had to do, but also because it was what was best for the company. Just work, keep working, be dynamic, pivot and you know, a lot of luck out there. And hopefully, you know, hopefully, somebody listening takes something away from it, I, you know, entrepreneurship is challenging, its really, its really, really tough. When autocomplete results are available use up and down arrows to review and enter to go to the desired page. And in that time, I realized that I wasnt as happy as I wanted to be running the business. very much oversimplifying it. . Horrifying, scary. Choosing a selection results in a full page refresh. How do I hire? Cool. Joshua Dorkin is the founder and former CEO of BiggerPockets, launched on October 22, 2004. Joshua Dorkin Oct 2016 Mar 2021. You got to deal with them. 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. I move daily and if not for some nagging injuries, try to get in intensive workouts 5 days a week. And Im excited to have you on board to really tell the story of how you went from zero to an exit without ever raising a single dime of outside capital. What you may not know is Joshuas journey in founding, building, scaling, and finally leaving BiggerPockets. Read it!Ryan Harris, Super Bowl 50 Champion and real estate investor. But Ive broken kind of everything in my life down in these terms. . Denver, CO 80202. I didnt have a co-founder, I didnt have any partners. . But COVID hit, and we got sick in March and it was, you know, it was tough and I was very, very, very sick. Today, BiggerPockets boasts more than 725,000 members, produces the top-rated real estate podcast on iTunes, and last year raked in $7 million in revenue through advertising, premium memberships, and partnerships with companies like credit-rating agency TransUnion. . We have a guy named Josh Dorkin. You know, I didnt know if I needed to take an ambulance to the hospital. If you dont take the time to find moments for yourself - moments to be present with the world around you, you might be missing some of the best opportunities for personal happiness. Dorkin, 41, wont be hacking houses anytime soon. This caused a shift in Joshua's reality, so. 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. 04 Mar 2023 02:14:54 So what I started doing, I was spending hours and hours on the phone every day, constantly and thats part of my job, right? Sign up today! Dan Daugherty: Yeah, I mean, lets start from the very beginning. 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. Julie was in California and I was home alone with the girls. Dan Daugherty: And you have that almost daily and you have to have that type of growth mindset. Dan Daugherty: That is, as you know, I have two little ones of my own and that is, that changes everything, and Im glad that you priorities that over anything else. 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. 28 Jan 2023 08:21:40 Sarahbeth Maney is a Washington, D.C.-based photojournalist and a photography fellow for The New York Times. Is that true? In my case, the two things most searched are my net worth and why I left BiggerPockets. 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. Dan Daugherty: I just might, well, offline, lets catch up, because maybe theres something we can do together. 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. &i(y`ryG|29#4#Gj9F){(B;y@OJO,4f7Q$t8*>]SvC,:: Fr9BoQhF8E \lNr)#@ 4S9> HZ)9zve'qQE!Q@Q@Q@Q@Q@Q@JLQ_\h? 5o5IJStAmaMb ; +xWjoI:_g#r3/\)T Moi_9}/?i)me 6Oki!h(pf_ x_V{(n5[Y%{c-Iy,Y^a3{W ?5?m,|W"S*B'D]>V^1_7=|V~ We all KNOW what we need to do, but more often than not we let our fear of the unkno. 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. Dan Daugherty: And well, first off, Im so happy that your daughter is healthy now. And it can be significantly helpful, but I want to press upon anybody whos thinking about it to just recognize that its not something to take lightly. It's time to stop just thinking, talking, or dreaming about the future real estate investing can give you. Instead, Joshua and I focus on the harsh realities of growing an digital empire.\r\r Enjoy!\r\r \u0026nbsp;\r\r You can find more information in the show notes at http://podcast.affordanything.com/episode99 Weve replaced iced teas, sodas and juices with water in the last decade, and rarely, if ever will I drink alcohol. I mean, you know, would somebody have diagnosed me with clinical depression? But I look at the cycle as a multi stage cycle. I easily felt better. Dan Daugherty: Well said. Problems dont go away. 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. And what happens inevitably, and I think you and Ive seen this countless times, you know, you raise the money, and now you have bosses and those bosses are telling you how to run the business and now you dont get to run the business the way that you actually thought you were going to run the business, because you have bosses and youre not working for yourself anymore. Do what you need to do to find your happiness. 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? Is it impressing other people? 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. 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. I really enjoyed the conversation. They have got a new book coming out this Thursday called How To Invest In Real Estate. The content-rich chapters and corresponding stories of real estate investors give you guidance from the top real estate pros. Yeah. We grew the platform and its offerings. Sitting alone in my hospital bed, all I could think about was my girls, Julie, and the rest of my family . x337R0 B],s@(PH(Y Theres a lot of, you know, Colorado just, you know, still a lot of chaos. It is always interesting to see what kind of things come up when you search for yourself online. I began to feel hopeful and knew at some point wed all be able to move on - no matter the outcome. And so, back in 04 I was living in Los Angeles, I was teaching special ED high school. 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. It sounds like you said okay, what am I going to do next? 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 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. vMs=+C>xZ_/>iZg>XA~! But, yeah, no, its been a very, very long journey. We grew the community. This happens so often where and you mentioned it, its at the SEO algorithm, is it, its almost like youre manic because one day you just closed a really large client, youre all celebrating, and then the next day, all of your servers crash. This keynote speech goes deep into what really matters most. 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. And so that ultimately led to diversification of the business. \"The business really wasn't making serious money for probably getting close to a decade.\"\r\r The story has a happy ending. 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. 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. So I know how to do it, I just, I dont know, Im torn. Will I get more wet if I stay still, walk or run, and why? Denver, Colorado, United States. For returns, refunds, or the status of your order, you can contact. You know, thats, surprisingly a significant boost to your health. 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. 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. 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. And so yeah, that becomes stressful. What are the things that I need to do to be better within all these personal domains? And come 2007, I went through this very difficult personal time, one of my kids had a medical trauma that led to some really scary stuff, a paralysis in a nine year old. Absolutely. Joshua Dorkin Dec 2015 Mar 2021. 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.
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