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. many things and create so many threats, and theres got to be a better way. 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. We grew the community. There had been ups, there had been downs. I mean, you know, would somebody have diagnosed me with clinical depression? And so yeah, that becomes stressful. 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. Josh Dorkin: Absolutely. It was just another thing I needed to do. . As always, I charged on despite my body and subconscious screaming as loud as possible to stop. Unlike most traditional real estate books, this one wont tell you there is one secret path to real estate success. Josh Dorkin and Brandon Turnerlongtime hosts of the world's #1 real estate podcast, . And, you know, so I take those moments when they come to me and I try and take bold steps when they come. He was wrong. Dan Daugherty: I just might, well, offline, lets catch up, because maybe theres something we can do together. 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. FHA Guidelines: How to Qualify for a 3.5% Down Loan . Do I hire? Thinker. 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
After coming up short, Joshua decided to take matters into his own hands and start his own website. And in that time, I realized that I wasnt as happy as I wanted to be running the business. No. Our gut answer is run, because you get wet from above and front. Joshua Dorkin Dec 2015 Mar 2021. Wednesday was about thinking, networking and not doing. Was it 2009? 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. Find which one works best for you, your resources, and your goals. Today, I think its a sign of necessity and strength, to be self-aware enough to know. And please share this article so more people can learn about this amazing program. 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. 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. But, you know, Ive written a book before with Brandon on real estate. unit you let me know well do it whenever. 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. 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 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. What do you do when somebody is ripping the copper piping out of your vacant unit? Dont get me wrong - I used to stress about EVERYTHING. And, you know, were in a position where we have an opportunity to do something like this, like, do it. 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, dont keep doing things that keep you super stressed out. And its made it so Im a hell of a lot happier. I choose to deal with them as they come using logic and working through like I would any game or problem. Joshua Dorkin, Brandon Turner. We have a guy named Josh Dorkin. I was making money, but I was still ready, you know, that desperate to just get out. I believe the program is available for all Amazon users, so even if you arent Prime, you can partake. While teaching, I began to build a directory of resources and a forum which were the roots of todays community and platform. I dont know. Today, BiggerPockets is a thriving community of over 500,000 experienced and aspiring real estate investors with a wealth of content around buying, managing, and selling investment properties. I mean, nights, weekends, you name it, seven days a week. You know, dont keep doing things that keep you super stressed out. Right? So first phase, I call it like that hobby phase. Oct 2004 - Nov 201814 years 2 months. So, in 2004, Dorkin launched BiggerPockets, a website for real estate investors to ask and answer each others questionslike a Reddit for property owners. Lets just do it. 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
This keynote speech goes deep into what really matters most. But COVID hit, and we got sick in March and it was, you know, it was tough and I was very, very, very sick. The company is one that I founded almost 18 years ago and left back in November 2018. +(((Bp3G' $('4 )GNh!NA< 04 Mar 2023 02:14:54 But instead of sitting in my office talking on the phone, every phone call that I had was a walking call. As of February 2019, Amazon has raised $124,651,081.04 for charities through this program (Source Amazon). Why do you write like youre running out of time?Write day and night like youre running out of time?Evry day you fight, like youre running out of time. Six years later and a full eight years after I founded the company, I hired my first full-time employee, Brandon Turner, who helped me create our podcast and was crucial in the next stage of growth of the business from lifestyle business to full fledged company. And yeah, so were here. something that I used to think gave me hustle street cred, but today I realize was just a formula for burnout. &i(y`ryG|29#4#Gj9F){(B;y@OJO,4f7Q$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~ Choosing a selection results in a full page refresh. "I would get calls from my buddies who would literally call me. 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. 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. My excitement for the company and brand never waned, but I really stopped loving going in to work, but didnt know it.
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. It was a lot to manage and with it came all the headaches that come with growth. What you may not know is Joshuas journey in founding, building, scaling, and finally leaving BiggerPockets. Brandon Turner & Joshua Dorkin. JoshuaDorkin.com linktr.ee/jrdorkin Posts Reels Videos Tagged Show More Posts from jrdorkin As Founder and CEO of BiggerPockets, I created the vision and strategy for the business and bootstrapped the company until . I got to be my own boss and although I worked absolutely crazy hours, I never felt the stress of a crappy boss or pressure to act under some artificial timeline. 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. 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. 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.. And so I think that mindset is exceptionally important. But I got to this point where Id just run myself ragged, really, you know, stupidly worked way, way, way, way too hard. 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. No, very few people do exactly what you just said and thats actually something that I do as well, I break it out. And that had to stop too. Podcaster. My strategy was to first pick out the easy items like toilet, vanity, towel bars and hooks, followed by choosing flooring, and finally finding a pre-fab shower that we could just drop in. %PDF-1.6
%
What's my secret? I hope to share that journey with you all via this blog, and perhaps through other forms like video or a podcast. But Ive definitely drafted an outline. Join us today to talk about real estate investing and specifically how to get started. I take care of myself. 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. I still get a lot of my great information from the community and the network. In my case, the two things most searched are my net worth and why I left BiggerPockets. 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. Standard economy shipping is always FREE, but you can upgrade if you'd like to receive your book faster. 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. I had never, I hadnt invested another penny in. 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. Just work, keep working, be dynamic, pivot and you know, a lot of luck out there. Be there for your families. It is big enough that youre not doing everything, but small enough that you can still get your hands dirty when you want. Yesterday that reality came a little too close for comfort for me. But, you know, getting to exit, getting close to the finish line, so to speak is an absolutely incredible feeling and I wish it upon, you know, all the entrepreneurs out there. 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. 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. It was brutal. 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.' Dan Daugherty: Ah, I love that. 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). ). Plus, he doesn't own any rental properties outright anymore, simply because BiggerPockets requires too much of his attention. Second phase was when I took it serious, quit my job and really spent all my time on it. Given the choice, I decided to pivot and change course. 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. And everybodys at each others throats and stressed and tense. One final question. When autocomplete results are available use up and down arrows to review and enter to go to the desired page. . Of course, this was an extremely difficult transition for me, but I believe that several years later, I have become a highly valued board member that contributes immensely to the business and Im hopeful that I can find other opportunities to do the same for other companies. And, you know, my goal was to figure out how do I get myself, how do I change things? She went through something called conversion disorder, which basically the brain kind of shuts the body down. 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. But Joshua Dorkin is creating an online empire. 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. This keynote speech goes deep into what really matters most. It's time to start doing And this book will show you exactly where to start! The political upheaval, the COVID chaos. Joshua Dorkin is the founder of BiggerPockets, as well as a serial entrepreneur, investor, podcaster, publisher, and educator. Came to be ready to quit and like told my wife, hey, Im ready to sell the business. 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 . His wife and three daughters wouldn't take too kindly to sharing their space. They suspected some kind of migraine, and cleared me of all the really scary stuff. For those of you who don't know Josh, Josh is the founder of BiggerPockets.com. } !1AQa"q2#BR$3br I always wanted to kind of be here, be oh, I used to call bi-coastal, would be like New York and Cali. Dan Daugherty: And well, first off, Im so happy that your daughter is healthy now. You know, Im not without stress, and headaches. A lot of people can at least. And so what happened was little by little, I found myself running into some problems and I didnt quite know how to deal with those problems. And lets dive in. . 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. Plus, he doesnt own any rental properties outright anymore, simply because BiggerPockets requires too much of his attention. 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. 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. 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. 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. 27 quotes from Joshua Dorkin: 'Today I get 100 times more done with 100 times less effort. Im your host, Dan Daugherty and today I have a good friend, Josh Dorkin, who is the founder and former CEO of Bigger Pockets. 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. . 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. I you know, I think another way of saying is, you know, putting yourself in a position to dot dot dot. I want to, I listened to experts on it. And hopefully, you know, hopefully, somebody listening takes something away from it, I, you know, entrepreneurship is challenging, its really, its really, really tough. 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. Cool. 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. And I did it without freaking out or getting stressed because doing so doesnt help. You know, theres just the, I mean, its everywhere, right? After two years, I quit my teaching job, got married, moved to Colorado and began working full time on BiggerPockets. Josh tells his story of wanting to quit, having 3 nervous breakdowns, and eventually selling to a private equity company. I LOVED the first few years of hiring and scaling. Josh Dorkin: So you know, weve always wanted to come to Hawaii. But I look at the cycle as a multi stage cycle. As a father, this is what Im excited to see happen for my kids soon, and as an entrepreneur, I cant imagine being more proud than building something amazing that can live on beyond me like BiggerPockets has done. The list of accomplishments goes on and on, but with this growth came the need to hire, and that we did. Find which one works best for you, your resources, and your goals. 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. Ive used that technique, and that has helped me dramatically. 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. 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. I need to move more, cool. I get to advise Scott and the current leadership team alongside some incredible partners. We launched a book business. I bought a bunch of property as a result of my brother encouraging me to do so, and you know, I thought I was a smart guy. If thats the case, figure out what you need to do to change. And instead of working on the business, I was working in the business exclusively. And I realized that I was unhappy. 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. What is a VA Loan and Why Should I Consider Using One? 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. Dan Daugherty: All right. Brandon Turner is an author, entrepreneur, and active real estate investor with more than 1,000 rental units under his belt. The couple also has a son named Wilder. 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. Then I got a little nauseous and dizzy with a very minor headache.