Where else can we dive into this? There were personality clashes, bad hires, and everything else you could imagine. I always wanted to kind of be here, be oh, I used to call bi-coastal, would be like New York and Cali. 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. Now I take it as it comes, pivot as needed, use a little logic and thinking to get me through the problems, and go about my day - using my energy and brain power for the things that really matter instead of suffering through perseverating about everything all the time. 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 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. 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. You know, I felt like, something needed to change for me personally. . 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. 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. Fast forward to yesterday, I had some of those symptoms. Once I realized this, I instantly knew what I had to do. The blur lasted a little less than 10 minutes, but after that, my eyes just felt funny. As Founder and CEO of BiggerPockets, I created the vision and strategy for the business and bootstrapped the company until . It was brutal. Joshua Dorkin Public figure Father. 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 look at the cycle as a multi stage cycle. Josh Dorkin: Well, if you put it that way, it sounds pretty good. 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. because I felt that I had to succeed, and because in reality, I was STUCK IN MY BUSINESS instead of working ON MY BUSINESS. You know what, Im going to get a fitness watch, and Im going to walk 10,000 steps a day. Podcaster. And in that time, I realized that I wasnt as happy as I wanted to be running the business, that I went to my wife, year eight of the company, and I was in tears. But I, you know, theres so many books out there. k cG-t} Lets just do 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. Of course I was happy to have an amazing loving family and a successful business. I move daily and if not for some nagging injuries, try to get in intensive workouts 5 days a week. It is always interesting to see what kind of things come up when you search for yourself online. "I would get calls from my buddies who would literally call me. 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. 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. 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. 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. And so, back in 04 I was living in Los Angeles, I was teaching special ED high school. 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. But Im not currently on it. 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. %&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz 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. doesn't own much property. 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. Like, dont do, keep doing things that make you miserable. . As of February 2019, Amazon has raised $124,651,081.04 for charities through this program (Source Amazon). We all KNOW what we need to do, but more often than not we let our fear of the unkno. I mean, nights, weekends, you name it, seven days a week. 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. I was making money, but I was still ready, you know, that desperate to just get out. After coming up short, Joshua decided to take matters into his own hands and start his own website. Standard economy shipping is always FREE, but you can upgrade if you'd like to receive your book faster. 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. So first phase, I call it like that hobby phase. Purchases from the BiggerPockets Bookstore can only ship within the United States. . 1065 episodes totalling 1002 hours, 17 minutes. Is this going to be, is this the prelude to a book? You know, we cant ignore SEO, we cant ignore these things. very much oversimplifying it. Dan Daugherty: I just might, well, offline, lets catch up, because maybe theres something we can do together. Weve replaced iced teas, sodas and juices with water in the last decade, and rarely, if ever will I drink alcohol. and what what happen if things went wrong. 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. And so that ultimately led to diversification of the business. Dan Daugherty: Thats right. And, you know, Ive, you know, when I get back into it, you know, occasionally I give it a kick start. But I got to this point where Id just run myself ragged, really, you know, stupidly worked way, way, way, way too hard. ChatGPT disagrees (see image) What say you? It's time to stop just thinking, talking, or dreaming about the future real estate investing can give you. But COVID hit, and we got sick in March and it was, you know, it was tough and I was very, very, very sick. Dorkin, 41, wont be hacking houses anytime soon. But I wanted to be healthier. How do we do this better than everybody else? why not? And so as we were going through this situation with my daughter, little by little she was getting better. JoshuaDorkin.com linktr.ee/jrdorkin Posts Reels Videos Tagged Show More Posts from jrdorkin This was not like, something that everybodys like, Oh, this is going to be the greatest thing since sliced bread. Joshua Dorkin didnt have to go to Trump University to learn a difficult lesson about real estate investing. Josh Dorkin and Brandon Turnerlongtime hosts of the world's #1 real estate podcast, The BiggerPockets Podcastgive you an insider's look at the many different niches and strategies that exist. I mean, I went up against tremendous opposition. But did you, were you ever really depressed at all? 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? Josh Dorkin: Man, so Ive started and stopped the book probably 50 times. Josh tells his story of wanting to quit, having 3 nervous breakdowns, and eventually selling to a private equity company. (BTW - Ill certainly talk more about working on a business at another time). They checked my blood, my heart, my eyes, and did a CT with contrast of my head and neck to check my brain and blood vessels. 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. What do you do when somebody is ripping the copper piping out of your vacant unit? 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. 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. Right? The company, by the way, is the largest real estate investing media company and community out there. But he came in and was instrumental to advancing the business. Josh, thank you for coming on the show. I was already working 40 hours a week at least on Bigger Pockets in those first two years. I was happy to have three amazing children, food on the table, and a safe place to live. I created this site in 2004 to create a place where investors could learn, network, market and make deals in a safe online environment. 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. Well, what do you need to do to change it? And really, quite frankly, I did not do a good job of understanding when Im depressed, or who to call, if Im depressed. Unlike most traditional real estate books, this one wont tell you there is one secret path to real estate success. It was a very unpleasant experience, very scary again, you know, I was fairly uncertain I would get through it. We launched amazing products like the podcast, which today is still one of the top 10 business shows in the world. 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. Joshua Dorkin is the founder of BiggerPockets, as well as a serial entrepreneur, investor, podcaster, publisher, and educator. I was teaching high school in Los Angeles. It was a blast, but by year 12, 13, 14 my job changed. I really enjoyed the conversation. Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin. 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. 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. I immediately stepped back from the day to day at work and handed charge to my number two at the time, Scott Trench in coordination with Brandon. And I didnt want, I just didnt want to do that. But yeah, what else you got? And Im. 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. 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. Brandon Turner is an author, entrepreneur, and active real estate investor with more than 1,000 rental units under his belt. 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. vMs=+C>xZ_/>iZg>XA~! What's my secret? Wednesday was about thinking, networking and not doing. unit you let me know well do it whenever. How do we make a change, change the way we operate the business so that we, so that Googles algorithm changes become less of a significant impact on who we are and what we do? 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 is a serial entrepreneur, investor, podcaster, publisher, and educator. Because, man 2020, nobody feels good anymore, man, we dont feel good anymore. So, without spending any more money or giving up any of your time (both of which I recommend you do in support of great charities around the world), you can be a philanthropist! You know, dont keep doing things that keep you super stressed out. 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. Not the way I wanted to spend my Saturday . So I hired a consultant and he came in and we looked over the business. In 2006, Brandon Turner got married to Heather. It was excruciatingly slow and frustrating, but we never let up. Where are you spending all of your money? And instead of working on the business, I was working in the business exclusively. Do what you need to do to take care of your health. 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. Joshua Dorkin is the founder and former CEO of BiggerPockets, launched on October 22, 2004. 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. Is it all the hustle and grind? 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.

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