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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 Why I left BiggerPockets is a little more complicated. She drove me and dropped me at the door of the ER and I spent the next 4+ hours getting tested. Then I got a little nauseous and dizzy with a very minor headache. 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. But yeah, I mean, there were down periods, dark periods. 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. Almost everyone that builds a business wants some kind of growth, but as much as I loved seeing my brainchild thrive and grow, I was having less and less fun doing it. Like, dont do, keep doing things that make you miserable. JOSH DORKIN: But it gave me the time to really think about life. So that hire, I really believe the business went from hobby to kind of this you know, call it Mom and Pop, you know, sole operator business and then it became a company and very quickly I had to learn how to deal with employees, how to scale and spent the next number of years doing that with Brandon as kind of my copilot. You know, we were living pretty tight on what we were making, where we were, as you know, Denvers not inexpensive. Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, and educator. You know, part of my job and one of the things that I pressed upon my staff was, you know, if youre not spending significant time every day learning, youre not going to grow, youre not going to get better, youre not going to be competitive with other people across your area of expertise. Did you feel, I mean, Im sure you had lots of times where you just wanted to quit or push through. I need to move more, cool. Suite 675 Theres a lot of, you know, Colorado just, you know, still a lot of chaos. And Ive given two examples of bad things Ive been through, Ive been through a lot, you know, some pretty bad things on top of that. Joshua, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. 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. There are few things worse than seeing your child suffer and this period was easily the worst of my life. Joshua Dorkin Oct 2016 Mar 2021. Joshua Dorkin is the author of The Book on Investing In Real Estate with No (and Low) Money Down (4.20 avg rating, 1854 ratings, 108 reviews, published 2. Plus, he doesn't own any rental properties outright anymore, simply because BiggerPockets requires too much of his attention. And so we said, hey. Quotes "I believe 100% in putting all my eggs in one basket. vMs=+C>xZ_/>iZg>XA~! 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. And in that time, I realized that I wasnt as happy as I wanted to be running the business. 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. 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. 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. Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin. But he came in and was instrumental to advancing the business. What you may not know is Joshuas journey in founding, building, scaling, and finally leaving BiggerPockets. When I founded the company I was teaching full time at a special ed high school in the Los Angeles area. So, in 2004, Dorkin launched BiggerPockets, a website for real estate investors to ask and answer each others questionslike a Reddit for property owners. \"The business really wasn't making serious money for probably getting close to a decade.\"\r\r The story has a happy ending. 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. Find which one works best for you, your resources, and your goals. And Im, you know, Im trying to figure out whats next, you know, looking at ideas. Will I get more wet if I stay still, walk or run, and why? I didnt take calls. A lot of people can at least. You may fail, but at least you will have taken your shot.Good luck! Stop making excuses and focus on those things as your priority because in an instant it can all be over. So the operating manual was how do I go from unhappy to happy. 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. 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. 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. Touch device users, explore by touch or with swipe gestures. $4%&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz ? BiggerPockets has also added a publishing arm, which released Set For Life on April 23just in time for the height of house-hunting season. Its fabulous. Unlike most traditional real estate books, this one wont tell you there is one secret path to real estate success. I choose to deal with them as they come using logic and working through like I would any game or problem. Well, the reality is, we are all running out of time. 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. because I felt that I had to succeed, and because in reality, I was STUCK IN MY BUSINESS instead of working ON MY BUSINESS. Choose a career that makes you excited to wake up in the morning, energized through the day, and content when you fall asleep at night.', and 'remember: provide value.' 5280 Publishing, Inc. 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. Save up to 80% versus print by going digital with VitalSource. . . I began to feel hopeful and knew at some point wed all be able to move on - no matter the outcome. C X" I wish it would touch more on farmland and syndications a little more but those could be considered more niches. And please share this article so more people can learn about this amazing program. 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. What lessons did he learn along the way? And, you know, I think theres a lot of people who are willing to. Twitter View on Twitter. 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. Yesterday that reality came a little too close for comfort for me. 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. 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. 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. 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. 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. 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. I had never, I hadnt invested another penny in. When autocomplete results are available use up and down arrows to review and enter to go to the desired page. You got to deal with them. Make sure youre doing everything you can to live your best life. And I think the way you live your life, and your happiness is going to be determined by your outlook on that. Highly recommended!" Nat Borchers, retired pro athlete, I learned to stop being a cadet and start being a general.', 'life is too short to be stuck in a job you hate. And, you know, were in a position where we have an opportunity to do something like this, like, do it. I was making money. 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. Josh Dorkin: No, thanks, man, I appreciate 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. I LOVED the first few years of hiring and scaling. 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. I recommend it to everyone. 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. 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. The podcast has almost 250 episodes and the blog features more than 8,100 articles.\r\r In today's episode, I have a heart-to-heart with BiggerPockets founder Joshua Dorkin about the blood, sweat and tears that's required to start a successful online business. It was a lot to manage and with it came all the headaches that come with growth. . 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. JFIF ,, C As Founder and CEO of BiggerPockets, I created the vision and strategy for the business and bootstrapped the company until . 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. And so, you know, its a serious decision to raise money or not to raise money. Today, BiggerPockets has grown to more than 870,000 members. He was wrong. 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? There had been ups, there had been downs. Thanks. 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. Josh Dorkin and Brandon Turnerlongtime hosts of the world's #1 real estate podcast, . I mean, the very first early years, you know, I had very little support outside of my wife, you know. But yeah, what else you got? As the message board gained a following, Dorkin quit his teaching job, moved to Denver (for quality of life reasons), and focused on the website full time. 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. 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. Josh Dorkin: Well, if you put it that way, it sounds pretty good. Josh Dorkin: So you know, weve always wanted to come to Hawaii. 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. So, you know, being willing and open to change and being dynamic, I think is one of the most important things. Is it all the material stuff? Denver, Colorado, United States. Verified account Protected Tweets @; Suggested users You know what, Im going to get a fitness watch, and Im going to walk 10,000 steps a day. And not difficult. You know, what are you doing and deal with that situation. What's my secret? 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. 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. The Local newsletter is your free, daily guide to life in Colorado. You know, these little things allowed me to continue to work, do my job and stay healthy at the exact same time. Its unlikely. 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. When the time came to pick out the shower, I realized that there werent any that matched the size we needed. doesn't own much property. And that goes into to do lists. 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. And so I, you know, on the side, nights and weekends, while teaching, for the first two years, just started building this platform. Colorado, working ridiculous hours in my basement, I ended up meeting you, of course, and just kept going and going for six more years, until I was ready to throw in the towel. http://biggerpockets.com/moneyshow42Real estate is a hot topic right now, and who better to talk about the subject than BiggerPockets founder Joshua Dorkin a. Like, I mean, you wouldnt know the difference between her and any other kid. You know, not only are you raising money from people who now, you know, you dont want to lose anyones money, but also just in terms of mindset, you know, that theres the freedom that you think youre going to have may not necessarily be there. This keynote speech goes deep into what really matters most. I mean, I went up against tremendous opposition. 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. serendipitous mindset, but you also need to understand who you are. 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. And the platform itself, your business, whatever it is, is not going to be able to blossom. . A thought experiment My daughter posed the following question: It is raining outside at a constant rate. Horrifying, scary. And Im. October 22, 2022 Almost a lifetime ago - 18 years today - I officially marked the founding of BiggerPockets Starting a hobby website while working as a full time teacher was one thing. You know, dont keep doing things that keep you super stressed out. Is this going to be, is this the prelude to a book? } !1AQa"q2#BR$3br Keep in mind that full time in this case means 80-100 hours a week, with no days off, no vacations, no respit. Josh Dorkin: Man, so Ive started and stopped the book probably 50 times. 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. Standard economy shipping is always FREE, but you can upgrade if you'd like to receive your book faster. I realized that over the past fourteen years as CEO and sole founder of BiggerPockets, I sought out success, fame, fortune and accolades, as most people do, but despite achieving all of those things, I just wasnt fully happy. While they sat in shocked silence, I wept for what seems like an hour as I tried to explain what we were dealing with - barely getting the words out mostly just crying out loud uncontrollably. many things and create so many threats, and theres got to be a better way. And if you want to grow and thrive, you have to become seriously adept at it. This terrifying situation broke us, but didnt defeat us. We grew the platform and its offerings. I had a budget and time crunch, and was not going to be able to get what I needed on budget or in time. Sarahbeth Maney is a Washington, D.C.-based photojournalist and a photography fellow for The New York Times. Exclusive bonus content provided after checkout, 2021, BiggerPockets Bookstore Powered by Shopify, Only available in Ultimate Package and offsite, , Super Bowl 50 Champion and real estate investor, How to invest in real estate while working a full-time job, How to earn more at work (or on the side) so you can invest more, How to get your spouse on board with real estate investing, Eight unique property types you can invest in today, Eleven powerful strategies for building wealth through real estate, Twenty-eight tested methods for finding great real estate deals, Details on partnerships, BRRRR investing, and other creative ways to fund your deals. Author. Thinker. And so I think that mindset is exceptionally important. hb```b``"Y@9YY0sp(AnD$x}9QZuI>'vM`VyU'7>hAUf+-U]Y&-:+5+!Ab` 2:;4:J s `NzxSSgp80/ulk8 so9e1TX @6{c4# ] endstream endobj 96 0 obj <> endobj 97 0 obj <>>>/Rotate 0/Type/Page>> endobj 98 0 obj <>stream 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. 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. . We grew the community. I mean, you know, you want me to just take it from the beginning or? We just wanted to find a place where we can go, where we could just normalize our lives, where my kids could, you know, get up and not be all stressed out where, you know, we knew that the government was doing a lot to mitigate the situation. I mean, nights, weekends, you name it, seven days a week. And you are in Hawaii now, right? I believe the program is available for all Amazon users, so even if you arent Prime, you can partake. 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. These facts can either break you or teach you that you simply have no control of things beyond yourself. And you know, continue to love Bigger Pockets and love how its impacting peoples lives. For locals, by locals. 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. 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. Thats why two of the biggest names in the real estate world teamed up to write the most comprehensive manual ever written on getting started in the lucrative business of real estate investing. Dorkin, 41, wont be hacking houses anytime soon. Lets do it. In November 2017 one of my daughters went through a terrible trauma that was initiated by a surgery - something called conversion disorder. So I want the opposite. 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). Oct 2004 - Nov 201814 years 2 months. I was making money, but I was still ready, you know, that desperate to just get out. But, you know, I think the key was just persevering through those in order to come out at the end. So, you know, the decision was, do I raise money? My secret plan to make the girls fans is working! Josh Dorkin: Absolutely. Do what you need to do to take care of your health. Josh Dorkin: Absolutely. Julie was in California and I was home alone with the girls. 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. This was not like, something that everybodys like, Oh, this is going to be the greatest thing since sliced bread. Josh Dorkin: I thought I was having a heart attack. Doing so otherwise would leave me a nervous wreck. 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. Today, BiggerPockets is the premier real estate investing website online with . Is it all the hustle and grind? This led to massive burnout and I came very close to quitting and shutting everything down. 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. I was already working 40 hours a week at least on Bigger Pockets in those first two years. And yeah, so were here. x337R0 B],s@(PH(Y 1675 Larimer St. You know, we cant ignore SEO, we cant ignore these things. 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. Of course I was happy to have an amazing loving family and a successful business. |8{'t o`7p\2K`0rS%O|>. Z|\ ~kqCi\hPmskwJLP5|/(X.T So give me give me the motivation and Ill get out there and do it. But cool, you know, and you move from drinks to water, you start losing weight. And its not healthy for any of us, it really is not. Thats a really weird thing to say, especially since I loved the company. Absolutely. 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. Dan Daugherty: And well, first off, Im so happy that your daughter is healthy now. . And so as we were going through this situation with my daughter, little by little she was getting better. If you're not satisfied with your purchase, you can return your book for a full refund within 30 days. Where are you spending all of your money? And everybodys at each others throats and stressed and tense. Shipping rates vary depending on location. Today, I think its a sign of necessity and strength, to be self-aware enough to know. So there you go. 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. But I, you know, theres so many books out there. And so that ultimately led to diversification of the business.
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