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We had kids at that point. Josh Dorkin: So you know, weve always wanted to come to Hawaii. We engaged an investment bank, initiated a process, and ultimately found ourselves at a successful deal with our aforementioned partners. We all KNOW what we need to do, but more often than not we let our fear of the unkno. \\ + endstream endobj 99 0 obj <>stream And so once you start tackling them, its amazing how your load gets lighter and lighter and lighter. 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. 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 I suppose if I had enough people saying, Yeah, Josh, you should do it, for sure, I might jump at it. 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. 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. 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? 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. 04 Mar 2023 02:14:54 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. And if you want to grow and thrive, you have to become seriously adept at it. These facts can either break you or teach you that you simply have no control of things beyond yourself. 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. 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. But Joshua Dorkin is creating an online empire. 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. I still get a lot of my great information from the community and the network. . Today, BiggerPockets is the premier real estate investing website online with . 1065 episodes totalling 1002 hours, 17 minutes. . BiggerPockets Real Estate Podcast - 421: Family Over - Stitcher I remember the exact phone call that I made to the two of them to tell them what was going on. You know what, Im going to get a fitness watch, and Im going to walk 10,000 steps a day. Press the space key then arrow keys to make a selection. 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. But cool, you know, and you move from drinks to water, you start losing weight. Nearly 30 people work out of the companys RiNo office. ChatGPT disagrees (see image) What say you? And, you know, were in a position where we have an opportunity to do something like this, like, do it. There were personality clashes, bad hires, and everything else you could imagine. There are few things worse than seeing your child suffer and this period was easily the worst of my life. Youre operationalizing your life and that has allowed you to kind of be more open. The couple also has a son named Wilder. Days and weeks of not knowing what was to come with my daughter eventually led to glimmers of hope that wed see a recovery. 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. Is that a good statement to say? I wasnt, however, happy with what I had spent my time doing. And so I think that mindset is exceptionally important. } !1AQa"q2#BR$3br I taught myself how to code a number of years before back in college, and just started to run with it. 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. Theres so much. Adventurer. This ultimately led to me having several panic attacks which really should have been a sign to step back. 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? 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. And I had to step away, I had to step away from the company, in order to take care of my family. Everything came back clear and they released me. Accept the New Rules of Life or Suffer in Misery. You know, I couldnt breathe. 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. I put on my headset and Id walk around the neighborhood and I easily got my 10,000 steps. Turn a Hobby Into a Booming Business | Real Estate Investing | Blog I doubt it. He started BiggerPockets to help democratize the real estate investing landscape for himself and others, aiming to make it . Joshua Dorkin | BiggerPockets 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. Doing so otherwise would leave me a nervous wreck. . I mean, nights, weekends, you name it, seven days a week. Its not money, its not success, but its something that matters even more: fulfillment and family.Be sure to give Joshua a follow on Twitter at @jrdorkinCheck the full show notes here: https://www.biggerpockets.com/show421 I had time to wonder, time to wander, and time to contemplate my life and my happiness. Brandon Turner Net Worth | Wife - Famous People Today . Every purchase comes with free bonus content: How to Invest in Real Estatewill catapult you 510 years ahead of where you are now. 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. Joshua, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. Author. First, for those who arent sure how to do the math, in order to determine someones net worth, you need to take into consideration all assets and liabilities and put together a balance sheet.. But, you know, if anybody who tries to grasp these things, theyre so big and scary, well then break it down into little steps. Horrifying, scary. Fear of change or of taking risks by changing course has sunk far too many businesses. His wife and three daughters wouldnt take too kindly to sharing their space. So, you know, being willing and open to change and being dynamic, I think is one of the most important things. 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. Touch device users, explore by touch or with swipe gestures. Brandon Turner & Joshua Dorkin. \"The business really wasn't making serious money for probably getting close to a decade.\"\r\r The story has a happy ending. 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. 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. Twitter View on Twitter. But Ive broken kind of everything in my life down in these terms. Mr. Dorkin's vision for BiggerPockets helped to propel it into becoming one of the top real estate destinations online. Welcome to the Big Exit, where we discuss startup acquisitions with the founders who lived it. FHA Guidelines: How to Qualify for a 3.5% Down Loan . Today, I think its a sign of necessity and strength, to be self-aware enough to know. So what I started doing, I was spending hours and hours on the phone every day, constantly and thats part of my job, right? Post close, I joined the board of directors, but no longer was involved in the day to day decision making at the company. Joshua Dorkin is the founder of BiggerPockets, as well as a serial entrepreneur, investor, podcaster, publisher, and educator. Joshua Dorkin - BiggerPockets You know, I was in an industry where there were entrenched interests that wanted me destroyed from the get go. This led to massive burnout and I came very close to quitting and shutting everything down. And look, we get to go and you know, go out on the beach and not be near people. 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. Well, the reality is, we are all running out of time. You Know What To Do | A Motivational Message To Entrepreneurs by Joshua Thats a really weird thing to say, especially since I loved the company. As of February 2019, Amazon has raised $124,651,081.04 for charities through this program (Source Amazon). 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. 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. Josh Dorkin started BiggerPockets.com from scratch 10 years ago and now has over 435K members. With over 100 million prime members, theres about a 1 in 3 chance you are one and if you are, theres a close to 50% change youre shopping there once a week. The Local newsletter is your free, daily guide to life in Colorado. But yeah, what else you got? Explorer. Josh Dorkin - Board Member - BiggerPockets | LinkedIn C X" This keynote speech goes deep into what really matters most. 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. Your In-Depth Guide to the Best Golf Courses Around Denver, Six Bizarre Majors That Will Actually Get You A Job In Colorado, How Trumps Executive Orders Are Affecting Refugees In Lakewood, The Best Ski Run at (Almost) Every Mountain in Colorado, Advertising and Sponsorship Opportunities. Highly recommended!" Nat Borchers, retired pro athlete, Just Released: Two NEW BiggerPockets Books to Help You Build Wealth Through Rental Investing . Was it 2009? I choose to deal with them as they come using logic and working through like I would any game or problem. I didnt have a co-founder, I didnt have any partners. I dont know. Will I get more wet if I stay still, walk or run, and why? 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 mean, you know, would somebody have diagnosed me with clinical depression? 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. I mean, the very first early years, you know, I had very little support outside of my wife, you know. Joshua Dorkin on Twitter: "Proud parenting moment: Tonight while the health, for example, instead of like, hey, I need to lose weight. A few months back I had the blurry thing, but without the other stuff, and of course, went to visit Dr. Google. We build tools, our content, our social presence. How to Invest in Real Estate with Joshua Dorkin & Brandon Turner | BP All rights reserved. Josh, thank you for coming on the show. I didnt, you know, if there was emergencies, youd deal with it, but like, that was it, that was what that day was about. Why I left BiggerPockets is a little more complicated. Rethinking my decision to leave Wordpress. And lets dive in. 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. Wednesday was about thinking, networking and not doing. JFIF ,, C 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. The political upheaval, the COVID chaos. Many of you already know my story, but it is always a privilege to have the opportunity to share it with other entrepreneurs in person, at events, and of course, via podcast conversations. 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. You know, thats, surprisingly a significant boost to your health. They suspected some kind of migraine, and cleared me of all the really scary stuff. It is always interesting to see what kind of things come up when you search for yourself online. She went through something called conversion disorder, which basically the brain kind of shuts the body down. They have got a new book coming out this Thursday called How To Invest In Real Estate. As Founder and CEO of BiggerPockets, I created the vision and strategy for the business and bootstrapped the company until . Joshua Dorkin Quotes (Author of The Book on Investing In Real Estate You need to change your diet, you need to do some exercise. This tip will teach you how to be a philanthropist (for free) every time you shop on Amazon. 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. Star Wars: The High Republic: Light of the Jedi. They live in Grays Harbor, Wash. 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. But COVID hit, and we got sick in March and it was, you know, it was tough and I was very, very, very sick. Joshua Dorkin's Podcast Credits & Interviews | Podchaser 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. COVID you know, your kid gets sick. Unlike most traditional real estate books, this one wont tell you there is one secret path to real estate success. Plus, he doesnt own any rental properties outright anymore, simply because BiggerPockets requires too much of his attention. How Life Forced BP Founder Joshua Dorkin to Reevaluate Choices 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. 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. 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. Why I left BiggerPockets is a little more complicated. I mean, I went up against tremendous opposition. . You know, like any entrepreneurial story, lots of ups, lots of downs. Dan Daugherty: Ah, I love that. JOSH DORKIN: But it gave me the time to really think about 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. vMs=+C>xZ_/>iZg>XA~! I want to, I listened to experts on it. You know, I want to learn how to be happy. Dan Daugherty: And well, first off, Im so happy that your daughter is healthy now. 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? For those of you who don't know Josh, Josh is the founder of BiggerPockets.com. And, you know, so I take those moments when they come to me and I try and take bold steps when they come. 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. 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 But its fantastic. Second phase was when I took it serious, quit my job and really spent all my time on it. serendipitous mindset, but you also need to understand who you are. For those of you that are truly curious, wait no longer . 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. 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. 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. And in that time, I realized that I wasnt as happy as I wanted to be running the business. Do I hire? 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.