It was brutal. I mean, I went up against tremendous opposition. Choosing a selection results in a full page refresh. And I was helping other people get rich, and I was broke.\"\r\r Dorkin spent the next 8 years working mostly as a one-man operation as he tried to monetize a fledgling website.\r\r \"We were struggling and scrapping by on every AdSense check that we could collect,\" Dorkin says. Shopping these days is just a little less fun. The Digital and eTextbook ISBNs for How to Invest in Real Estate are 9781947200050, 1947200054 and the print ISBNs are 9780997584707, 099758470X. Press the space key then arrow keys to make a selection. Oct 2004 - Nov 201814 years 2 months. 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. And I had to step away, I had to step away from the company, in order to take care of my family. And Im, you know, Im trying to figure out whats next, you know, looking at ideas. 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. He was the longtime co-host of The BiggerPockets Podcast, and he's the author of seven books that have sold more than a million copies combined. Because, man 2020, nobody feels good anymore, man, we dont feel good anymore. The site became so successful that in 2013, BiggerPockets, which had been a one-man show, began hiring employees to support a bevy of new products. In all three cases, my wife was able to kind of talk me down and calm me and you know, but it was like, you know, stress, right, stress and I think we humans just internalize so. And, you know, I think theres a lot of people who are willing to. Lets do it. As you can see in the image below, every time you shop while using the smile subdomain, Amazon will show you your charity of choice (in this case, you can see that we support Childrens Hospital Colorado Foundation). 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. Keep in mind that full time in this case means 80-100 hours a week, with no days off, no vacations, no respit. 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 instead of working on the business, I was working in the business exclusively. Fast forward to yesterday, I had some of those symptoms. I still get a lot of my great information from the community and the network. why not? What you may not know is Joshua's journey in founding, building, scaling, and finally leaving BiggerPockets. BiggerPockets founder Joshua Dorkin and Brandon Turner from the BiggerPockets Real Estate Investing podcast. We build tools, our content, our social presence. Dan Daugherty interviews Josh Dorkin who founded BiggerPockets in his living room with $12 bucks. The Local newsletter is your free, daily guide to life in Colorado. C X" Josh Dorkin: Absolutely. And lifes too short, man. 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. It was just another thing I needed to do. . If thats the case, figure out what you need to do to change. And particularly, I think the most stressful part was, I was by myself, to your point. Whether it is the struggle to communicate at checkout while you and the cashier are donning masks, or the untrusting looks from everyone around you, the entire experience is less pleasurable for all of us. Weve replaced iced teas, sodas and juices with water in the last decade, and rarely, if ever will I drink alcohol. 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. Why I left BiggerPockets is a little more complicated. "I would get calls from my buddies who would literally call me. Not the way I wanted to spend my Saturday . And so we said, hey. Of course, it took many more months of work and ultimately several years for her to get back to 100%, but with time, energy, an amazing team, and unlimited love, she has since fully recovered from the incident. Like you cant find that and all that was out there were communities, forums, but they were all kind of tied to or in cahoots with I call them the gurus, the get rich quick crowd. As Founder and CEO of BiggerPockets, I created the vision and strategy for the business and bootstrapped the company until . I dont know, you know, I certainly have my own unique and distinct perspective, like anyone else. Do what you need to do to find your happiness. Yeah, yeah. I know far too many people who live the non-stop life and many, if not most, are unhappy. Accept the New Rules of Life or Suffer in Misery. Explorer. So there you go. Copyright 2019 Joshua Dorkin. 4.6 208 Ratings; $11.99; Listen $11.99; Listen . 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. Knowing it wouldnt be wise to drive, I called 911 and a full squad of firemen and paramedics came to visit. I cant really describe in words what everything looked like, but it didnt feel right. Almost a lifetime ago - 18 years today - I officially marked the founding of BiggerPocketsStarting a hobby website while working as a full time teacher was one thing.Two years later taking the risk to quit my job to become a full time startup founder was the craziest and smartest thing I ever did. 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. Josh Dorkin: Man, so Ive started and stopped the book probably 50 times. Theres a lot of, you know, Colorado just, you know, still a lot of chaos. I didnt, you know, if there was emergencies, youd deal with it, but like, that was it, that was what that day was about. Will I get more wet if I stay still, walk or run, and why? You know, these little things allowed me to continue to work, do my job and stay healthy at the exact same time. Author. Joshua Dorkin is the founder of BiggerPockets, as well as a serial entrepreneur, investor, podcaster, publisher, and educator. I wish it would touch more on farmland and syndications a little more but those could be considered more niches. 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. 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 . As you know, Im like a scrawny dude. Dont get me wrong - I used to stress about EVERYTHING. 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.' 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. Find which one works best for you, your resources, and your goals. 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 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. 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. We were all about trying to help people build wealth, learn how to build wealth through real estate investing. Is that a good statement to say? 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. 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. 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. Joshua Dorkin Oct 2016 Mar 2021. You know, I couldnt breathe. 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. 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. 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. For two years I taught and in my free time I coded and built this budding hobby into something that trickled in tiny advertising checks. 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. 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 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 had spent so long not taking vacations, not taking days off, I worked eight years without a single day off, which is incredibly stupid. Or just shut it down. JFIF ,, C Its fantastic. Everything came back clear and they released me. Well, the reality is, we are all running out of time. And the company was profitable. Dan Daugherty: Yeah, theres no shortage of chaos in the startup world and those that cannot adapt to change will inevitably fail and close shop. What's my secret? 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. But, fast forward to where we are today and shes fully physically functional. Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, and educator. I had time to wonder, time to wander, and time to contemplate my life and my happiness. FHA Guidelines: How to Qualify for a 3.5% Down Loan . (Where the hell have you been Josh?!? As I sat there trying to relax, things didnt improve and I knew I needed to go in. 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 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. Thanks. Problems dont go away. We grew the community. You know, we were living pretty tight on what we were making, where we were, as you know, Denvers not inexpensive. I dont know. 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. They live in Grays Harbor, Wash. So, you know, the decision was, do I raise money? I kind of just glazed over it and just put my head down into work, so I didnt feel depressed anymore. Like, dont do, keep doing things that make you miserable. 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. 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. Heres your host, Dan Daugherty. Dan Daugherty: Yeah, I mean, lets start from the very beginning. You know, well be doing great getting, you know, x million views per month on, you know, through search, and all of a sudden, Google will make an algorithm change, and thatll drop 20% or 30%. Not a magic formula. I love being an entrepreneur, but I simply prefer working at a smaller company - the sweet spot for me is probably up to 15 employees or so. Is it all the hustle and grind? One final question. 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. But I think from a mindset perspective, you really, I think, if you have a learning mindset, a mindset where Hey, I always want to learn, I always want to get better. 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: And you have that almost daily and you have to have that type of growth mindset. We've all felt scared about doing that big thing we've dreamed of doing. hbbd`b`ab`gb`\ '11d; Z endstream endobj startxref 0 %%EOF 101 0 obj <>stream 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. 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. We had kids at that point. 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. 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. And so, for example, one of the core values of Bigger Pockets is family above all else. And that had to stop too. And so I think that mindset is exceptionally important. 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. Last month I had the opportunity to speak at the Denver Founders event for Colorado entrepreneurs and had a fantastic Q&A with my friend Chris Franks. For us, it manifested in my little girl becoming neck down paralized amongst other things. What is a VA Loan and Why Should I Consider Using One? And that ended up it was probably like eight years of grind, that is not healthy at all. Denver, CO 80202. The company is one that I founded almost 18 years ago and left back in November 2018. And yeah, so were here. 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. From a life experience, it sounds like youre doing the same thing. Mr. Dorkin's vision for BiggerPockets helped to propel it into becoming one of the top real estate destinations online. } !1AQa"q2#BR$3br And the platform itself, your business, whatever it is, is not going to be able to blossom. You know, like any entrepreneurial story, lots of ups, lots of downs. I mean, the very first early years, you know, I had very little support outside of my wife, you know. Josh Dorkin: So you know, weve always wanted to come to Hawaii. I didnt take calls. Thinker. Doing so otherwise would leave me a nervous wreck. Standard economy shipping is always FREE, but you can upgrade if you'd like to receive your book faster. Thank you so much, Josh, I want to have you on again. This keynote speech goes deep into what really matters most. Dorkin, 41, won't be hacking houses anytime soon. Its unlikely. And so once you start tackling them, its amazing how your load gets lighter and lighter and lighter. Shipping rates vary depending on location. Over the months and months that I spent caring for her, I had something I had never previously had in my adult life - time. But then I, you know, just went balls to the wall, so to speak, and, you know, was doing 80 to 100 hours, trying to build this thing out. But Ive broken kind of everything in my life down in these terms. But, you know, if anybody who tries to grasp these things, theyre so big and scary, well then break it down into little steps. But I wanted to be healthier. And so that ultimately led to diversification of the business. Our gut answer is run, because you get wet from above and front. I you know, I think another way of saying is, you know, putting yourself in a position to dot dot dot. "Dorkin and Turner have really laid out a clear, straight-to-the-point guide to achieving success through real estate investing. &i(y`ryG|29#4#Gj9F){(B;y@OJO,4f7Q$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~ What regrets does he hold? You know, theres just the, I mean, its everywhere, right? This caused a shift in Joshua's reality, so he dropped everything. 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. What do I do? We grew the platform and its offerings. I mean, whatever it is. 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. 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.. 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 Ive definitely drafted an outline. Yesterday that reality came a little too close for comfort for me. It's time to stop just thinking, talking, or dreaming about the future real estate investing can give you. Today I think its a sign of necessity and strength. It sounds like you said okay, what am I going to do next? In this conversation. COVID you know, your kid gets sick. But, you know, I think the key was just persevering through those in order to come out at the end. Im your host, Dan Daugherty and today I have a good friend, Josh Dorkin, who is the founder and former CEO of Bigger Pockets. 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. Im 43 and I know Im not a kid anymore. because I felt that I had to succeed, and because in reality, I was STUCK IN MY BUSINESS instead of working ON MY BUSINESS. But that's OK. But I just got caught up in the details, I got caught up in every little detail. Joshua Dorkin, Brandon Turner. But did you, were you ever really depressed at all? 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. 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