I didnt, you know, if there was emergencies, youd deal with it, but like, that was it, that was what that day was about. Dont get me wrong - I used to stress about EVERYTHING. 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. And the company was profitable. Once I realized this, I instantly knew what I had to do. I mean, the very first early years, you know, I had very little support outside of my wife, you know. . 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. 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. Josh Dorkin and Brandon Turnerlongtime hosts of the worlds #1 real estate podcast, The BiggerPockets Podcastgive you an insiders look at the many different niches and strategies that exist. Start shopping! Im 43 and I know Im not a kid anymore. Problems dont go away. And so I, you know, on the side, nights and weekends, while teaching, for the first two years, just started building this platform. And I think the way you live your life, and your happiness is going to be determined by your outlook on that. You know, we started producing video, we created podcasts, we created books, you know, we wanted to be where the listeners and viewers were versus thinking, hey, theyre going to come to us. 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. But, fast forward to where we are today and shes fully physically functional. Yeah, yeah. You know, dont keep doing things that keep you super stressed out. Dan Daugherty: Yeah, I mean, lets start from the very beginning. I was no longer happy as CEO of my own company. You know, Im not without stress, and headaches. And so once you start tackling them, its amazing how your load gets lighter and lighter and lighter. I get to advise Scott and the current leadership team alongside some incredible partners. 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 mean, nights, weekends, you name it, seven days a week. 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. We build tools, our content, our social presence. +(((Bp3G' $('4 )GNh!NA< 4.6 208 Ratings; $11.99; Listen $11.99; Listen . 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 so, for example, one of the core values of Bigger Pockets is family above all else. Rethinking my decision to leave Wordpress. I always wanted to kind of be here, be oh, I used to call bi-coastal, would be like New York and Cali. It was a lot to manage and with it came all the headaches that come with growth. Weve cut down on meat, and work hard to avoid the tempting desserts and snacks I used to be addicted to. 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! And from a bootstrap perspective, you know, bootstrapping, you have a lot less support than you do when you raise money. Unlike most traditional real estate books, this one wont tell you there is one secret path to real estate success. Is that true? Josh is also host of the BiggerPockets Podcast (80 million . something that I used to think gave me hustle street cred, but today I realize was just a formula for burnout. Today, BiggerPockets is the premier real estate investing website online with . Joshua Dorkin Oct 2016 Mar 2021. Not the way I wanted to spend my Saturday . Author. Because, man 2020, nobody feels good anymore, man, we dont feel good anymore. There were personality clashes, bad hires, and everything else you could imagine. 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. A thought experiment My daughter posed the following question: It is raining outside at a constant rate. The Local newsletter is your free, daily guide to life in Colorado. The two of them promised me that they would take care of the company in my absense and they certainly did that and I am of course, eternally grateful. Join us today to talk about real estate investing and specifically how to get started. I could still make things out, but barely. Founder BiggerPockets. I need to move more, cool. But did you, were you ever really depressed at all? It was time for me to step down, bring in partners, and move on from the day to day running BiggerPockets. I didnt take calls. But I wanted to be healthier. Find which one works best for you, your resources, and your goals. BiggerPockets has also added a publishing arm, which released Set For Life on April 23just in time for the height of house-hunting season. But yeah, I mean, there were down periods, dark periods. One final question. The blur lasted a little less than 10 minutes, but after that, my eyes just felt funny. 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? They have got a new book coming out this Thursday called How To Invest In Real Estate. 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. The company is one that I founded almost 18 years ago and left back in November 2018. Sign up today! 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. This caused a shift in Joshuas reality, so he dropped everything. And hopefully, you know, hopefully, somebody listening takes something away from it, I, you know, entrepreneurship is challenging, its really, its really, really tough. 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. 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. Where are you spending all of your money? 1065 episodes totalling 1002 hours, 17 minutes. You know, I didnt know if I needed to take an ambulance to the hospital. 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. I wish it would touch more on farmland and syndications a little more but those could be considered more niches. Maybe not crazier than moving to California to dive deeper into the entertainment business, but I digressWhile I struggled for quite a long time before the business really took off, I was able to live my life on my own terms. And I didnt want, I just didnt want to do that. Like dont keep doing things that make you miserable. Today I think its a sign of necessity and strength. I learned to stop being a cadet and start being a general.', 'life is too short to be stuck in a job you hate. 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. We grew the community. It sounds like you said okay, what am I going to do next? Or just shut it down. I thought I was having a heart attack. But Ive broken kind of everything in my life down in these terms. 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. Dorkin, 41, wont be hacking houses anytime soon. 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 mean, whatever it is. . Mind you, in order to survive in business, the pivot is one of your most powerful tools. Where am I good in each of these things? You know, we cant ignore SEO, we cant ignore these things. Lifes too short, man. You know, what are you doing and deal with that situation. Press the space key then arrow keys to make a selection. Plus, he doesn't own any rental properties outright anymore, simply because BiggerPockets requires too much of his attention. \"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. The book teaches readers how to limit spending while increasing income by using techniques like house hacking: buying a multifamily property, such as a duplex, and living in one unit while renting out the other(s). Dan Daugherty: All right. Save up to 80% versus print by going digital with VitalSource. They live in Grays Harbor, Wash. 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. 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. Josh Dorkin: No, thanks, man, I appreciate it. What is a VA Loan and Why Should I Consider Using One? You know, we were living pretty tight on what we were making, where we were, as you know, Denvers not inexpensive. Copyright 2019 Joshua Dorkin. I think its one of the top hundred podcasts in the world, give or take. unit you let me know well do it whenever. 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. Horrifying, scary. Josh tells his story of wanting to quit, having 3 nervous breakdowns, and eventually selling to a private equity company. %&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz All things Colorado delivered straight to your inbox. If thats the case, figure out what you need to do to change. 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. 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. 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. ChatGPT disagrees (see image) What say you? Make sure youre doing everything you can to live your best life. But I look at the cycle as a multi stage cycle. 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. Just Released: Two NEW BiggerPockets Books to Help You Build Wealth Through Rental Investing . But I, you know, theres so many books out there. But Joshua Dorkin is creating an online empire. Joshua Dorkin is the founder of BiggerPockets, as well as a serial entrepreneur, investor, podcaster, publisher, and educator. Keep in mind that full time in this case means 80-100 hours a week, with no days off, no vacations, no respit. 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. be helpful, you know, seek out advisors in your field and you know, work towards it. Brandon Turner & Joshua Dorkin. And that had to stop too. Dan Daugherty interviews Josh Dorkin who founded BiggerPockets in his living room with $12 bucks. The Digital and eTextbook ISBNs for How to Invest in Real Estate are 9781947200050, 1947200054 and the print ISBNs are 9780997584707, 099758470X. But I got to this point where Id just run myself ragged, really, you know, stupidly worked way, way, way, way too hard. Dan Daugherty: Well said. But just know that theres guys out there like me and Dan and, you know, countless other people whove tried it, whove been through it. 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. In the early 2000s, Dorkin bought rental property in St. Louis andafter adding up what he could charge for rent and subtracting his expected expensespredicted hed make a tidy profit. } !1AQa"q2#BR$3br 04 Mar 2023 02:14:54 But thats OK. Hes still well on his way to becoming a mogul just less Donald Trump and more Rupert Murdoch. Joshua, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. 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. 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 daughters medical emergency. Is that a good statement to say? It's time to start doing And this book will show you exactly where to start! And I suppose if I had enough people saying, Yeah, Josh, you should do it, for sure, I might jump at it. Dan Daugherty: You know, Ive got a lot of feedback from the listeners that said, Hey, big exits are great, but I noticed that a lot of the founders that you have interviewed have raised significant amount of money. Weve replaced iced teas, sodas and juices with water in the last decade, and rarely, if ever will I drink alcohol. BiggerPockets founder Joshua Dorkin and Brandon Turner from the BiggerPockets Real Estate Investing podcast. 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. 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. So Ive got a book journal where Ive literally broken my life down into segments, physical fitness, health, I separate them, physical fitness and health, business and work, wife and love, my kids and you know, some people may put faith in there, whatever it is.