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I created this site in 2004 to create a place where investors could learn, network, market and make deals in a safe online environment. Yeah, yeah. I want to, I listened to experts on it. From a life experience, it sounds like youre doing the same thing. Dorkin, 41, wont be hacking houses anytime soon. Ill argue that all of that stuff is bullshit. It was a blast, but by year 12, 13, 14 my job changed. 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. 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 Brandon Turner Net Worth | Wife - Famous People Today When I started Bigger Pockets it was, I was teaching special ed. . 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. Plus, he doesnt own any rental properties outright anymore, simply because BiggerPockets requires too much of his attention. I taught myself how to code a number of years before back in college, and just started to run with it. Verified account Protected Tweets @; Suggested users But thats OK. Hes still well on his way to becoming a mogul just less Donald Trump and more Rupert Murdoch. This terrifying situation broke us, but didnt defeat us. Joshua Dorkin Quotes (Author of The Book on Investing In Real Estate On Pivoting and Maintaining Control of Everything, Finding That Moment of Time Each Day to Live and Be Present, The Evolution of Business: From Bootstrap to Semi-Retired (Video), How to Support Your Favorite Charities (for Free) Every Time You Shop on Amazon, 50% change youre shopping there once a week, The Return . } !1AQa"q2#BR$3br Have you had additional clarity from just taking a step back? Everyone knows real estate investing can be a powerful way to build wealth and achieve true financial freedombut because each persons journey is different, knowing the first steps to take can be challenging. Everything came back clear and they released me. Dan Daugherty: All right. So, the operating manual was, how do I go from unhappy to happy, and that was, it became not just like a. question, but it became a significant force within my life, whether its about you know, journaling about it, contemplating it, talking about it out loud, and making decisions around it. 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. We build tools, our content, our social presence. 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. And so, you know, its a serious decision to raise money or not to raise money. We're confident in the quality of our books. Today, BiggerPockets is the premier real estate investing website online with . Is that a good statement to say? Like dont keep doing things that make you miserable. I mean, I literally started this company with the, you know, like 12 bucks a month that it cost me to host and the whatever four or five bucks it cost to register the domain name back then, and that was it. 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. Where am I good in each of these things? 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. 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. Josh Dorkin's Blog - Joshua Dorkin %PDF-1.6 % 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 And so I think that mindset is exceptionally important. And you know, continue to love Bigger Pockets and love how its impacting peoples lives. 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 for me, the outlook is Im not going to let these things dominate me, theyre not going to define me, Im going to allow them to, like you say, to become some kind of catalyst. Im your host, Dan Daugherty and today I have a good friend, Josh Dorkin, who is the founder and former CEO of Bigger Pockets. And so that ultimately led to diversification of the business. You know, we are not residents yet, you know, were doing our trial balloon now so to speak. You know, I was in an industry where there were entrenched interests that wanted me destroyed from the get go. 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. I realized that like, thats not healthy. Where are you spending all of your money? Joshua Dorkin - Audio Books, Best Sellers, Author Bio | Audible.com I choose to deal with them as they come using logic and working through like I would any game or problem. And, you know, Ive, you know, when I get back into it, you know, occasionally I give it a kick start. It was a very unpleasant experience, very scary again, you know, I was fairly uncertain I would get through it. 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. They live in Grays Harbor, Wash. 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. 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. 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. and they hold the #1 real estate podcast on iTunes. No, very few people do exactly what you just said and thats actually something that I do as well, I break it out. Right? I was in tears, I was just miserable. Thinker. 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. the health, for example, instead of like, hey, I need to lose weight. This caused a shift in Joshuas reality, so he dropped everything. 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. The company, by the way, is the largest real estate investing media company and community out there. 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. You need to change your diet, you need to do some exercise. Will I get more wet if I stay still, walk or run, and why? Its fantastic. I eat well - seriously cutting back on sugars, eating lots of fruits and vegetables. 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! doesn't own much property. 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. . Do what you need to do to take care of your health. FHA Guidelines: How to Qualify for a 3.5% Down Loan . Thats a really weird thing to say, especially since I loved the company. I dont know. 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). But you know, looking to make that a little more official. Thank you for the stories and the insights and the tips. When I founded the company I was teaching full time at a special ed high school in the Los Angeles area. And its made it so Im a hell of a lot happier. Read it!Ryan Harris, Super Bowl 50 Champion and real estate investor. 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. Press the space key then arrow keys to make a selection. BiggerPockets Real Estate Podcast - 421: Family Over - Stitcher For locals, by locals. Suite 675 I thought I was having a heart attack. I was teaching high school in Los Angeles. What you may not know is Joshua's journey in founding, building, scaling, and finally leaving BiggerPockets. Wednesday was about thinking, networking and not doing. And really, quite frankly, I did not do a good job of understanding when Im depressed, or who to call, if Im depressed. Is it all the material stuff? So, you know, being willing and open to change and being dynamic, I think is one of the most important things. 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. Turn a Hobby Into a Booming Business | Real Estate Investing | Blog In my case, the two things most searched are my net worth and why I left BiggerPockets. Joshua Dorkin didnt have to go to Trump University to learn a difficult lesson about real estate investing. But he came in and was instrumental to advancing the business. This caused a shift in Joshua's reality, so he dropped everything. I always wanted to kind of be here, be oh, I used to call bi-coastal, would be like New York and Cali. I dont know, maybe, if I get some encouragement from my friends Ill do it. If thats the case, figure out what you need to do to change and the big challenge I think most people have is thats so big and tenuous, like, what do I do? 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. What is a VA Loan and Why Should I Consider Using One? I was making money. 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 was already working 40 hours a week at least on Bigger Pockets in those first two years. Mind you, in order to survive in business, the pivot is one of your most powerful tools. 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. And please share this article so more people can learn about this amazing program. Dan Daugherty: I just might, well, offline, lets catch up, because maybe theres something we can do together. But yeah, what else you got? 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. 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. I take care of myself. You know, Im not without stress, and headaches. Most people do what they can to help others out, and I wanted to share a little tip along those lines that I dont think a lot of people are familiar with. 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. hbbd`b`ab`gb`\ '11d; Z endstream endobj startxref 0 %%EOF 101 0 obj <>stream Theres so much. PDF How to Invest in Real Estate - BiggerPockets 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. I think its one of the top hundred podcasts in the world, give or take. Ive always followed the same mantra - work hard, hustle, grind. Joshua Dorkin's Podcast Credits & Interviews | Podchaser And what advice would he share with other aspiring online entrepreneurs?\r\r We don't talk about real estate investing in today's episode. We launched amazing products like the podcast, which today is still one of the top 10 business shows in the world. How to Invest in Real Estate with Joshua Dorkin & Brandon Turner Do what you need to do to find your happiness. Looking back, Im reminded of the following from the incredible Hamilton. There were personality clashes, bad hires, and everything else you could imagine. And the company was profitable. 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. 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. We grew the community. You know, like any entrepreneurial story, lots of ups, lots of downs. I mean, you know, you want me to just take it from the beginning or? And in order to do that, we were going to have to penny pinch at home because my wife was not working. I learned to stop being a cadet and start being a general.', 'life is too short to be stuck in a job you hate. But yeah, just finding different ways to tweak the way youre doing things, right, if what youre doing personally with your family, and Ive also done that. 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. 27 quotes from Joshua Dorkin: 'Today I get 100 times more done with 100 times less effort. You know, we were living pretty tight on what we were making, where we were, as you know, Denvers not inexpensive. But, you know, I now have a formula on how do I get rid of them. I was making money, but I was still ready, you know, that desperate to just get out. Josh Dorkin and Brandon Turnerlongtime hosts of the world's #1 real estate podcast, . And that ended up it was probably like eight years of grind, that is not healthy at all. While teaching, I began to build a directory of resources and a forum which were the roots of todays community and platform. Josh Dorkin: Well, if you put it that way, it sounds pretty good. How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started is written by Brandon Turner; Joshua Dorkin and published by BiggerPockets. 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. (Where the hell have you been Josh?!? 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. 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. We needed to get this done and time was not on our side. For those of you that are truly curious, wait no longer . You know, dont keep doing things that keep you super stressed out. Thank you so much, Josh, I want to have you on again. All rights reserved. Copyright 2019 Joshua Dorkin. 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. because I felt that I had to succeed, and because in reality, I was STUCK IN MY BUSINESS instead of working ON MY BUSINESS. Lets do it. She went through something called conversion disorder, which basically the brain kind of shuts the body down. . Joshua Dorkin is the founder and former CEO of BiggerPockets, launched on October 22, 2004. Was it 2009? And, you know, were in a position where we have an opportunity to do something like this, like, do it. 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. Founder BiggerPockets. I had never, I hadnt invested another penny in. If you dont take the time to find moments for yourself - moments to be present with the world around you, you might be missing some of the best opportunities for personal happiness. They suspected some kind of migraine, and cleared me of all the really scary stuff. 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. Some people dont see that, its almost like when you get a new car, and then you start seeing other similar cars that are the same color that you never saw before. Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, and educator. 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. 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. No. 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). But I got to this point where Id just run myself ragged, really, you know, stupidly worked way, way, way, way too hard. Then I got a little nauseous and dizzy with a very minor headache. Josh Dorkin started BiggerPockets.com from scratch 10 years ago and now has over 435K members. Weve replaced iced teas, sodas and juices with water in the last decade, and rarely, if ever will I drink alcohol. 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. But you know, we were living off the business and it was very scary to go and take on debt because Im very conservative financially, fiscally. 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%. All rights reserved. Dan Daugherty interviews Josh Dorkin who founded BiggerPockets in his living room with $12 bucks. Be there for your families. 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. Denver, Colorado, United States. Find which one works best for you, your resources, and your goals. and what what happen if things went wrong. 4.6 208 Ratings; $11.99; Listen $11.99; Listen . \"The business really wasn't making serious money for probably getting close to a decade.\"\r\r The story has a happy ending. On October 28, 2015, the couple released a book named "The Book on Managing Rental Properties." Children In May 2016, they welcomed a daughter, named Rosie. You know, dont keep doing things that keep you super stressed out. When the time came to pick out the shower, I realized that there werent any that matched the size we needed. Denver, CO 80202. Days and weeks of not knowing what was to come with my daughter eventually led to glimmers of hope that wed see a recovery. 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. So I know how to do it, I just, I dont know, Im torn. Josh Dorkin: Absolutely. I wish it would touch more on farmland and syndications a little more but those could be considered more niches. Weve climbed mountains, traveled, explored and journeyed, surfed, skied and have never stopped seeking out a full and rich life. Absolutely. And look, we get to go and you know, go out on the beach and not be near people. But this was awesome Josh, thank you so much for your time. Like any 18 year old, it has continued to mature and to life a life of its own.While my personal contributions to the business are today marked by occasional phone calls and quarterly board meetings, I hope my personal stamp will continue to last for the next 18 years and beyond.Thank you to everyone who believed in me. If you're not satisfied with your purchase, you can return your book for a full refund within 30 days. COVID you know, your kid gets sick. Fast forward to yesterday, I had some of those symptoms. And I realized that I was unhappy. "I would get calls from my buddies who would literally call me. 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. But I just got caught up in the details, I got caught up in every little detail. As Founder and CEO of BiggerPockets, I created the vision and strategy for the business and bootstrapped the company until . 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. 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. Standard economy shipping is always FREE, but you can upgrade if you'd like to receive your book faster. . When autocomplete results are available use up and down arrows to review and enter to go to the desired page. And you are in Hawaii now, right? Nearly 30 people work out of the companys RiNo office. Bye. Cool. But, you know, I think the key was just persevering through those in order to come out at the end. I was no longer happy as CEO of my own company. I easily felt better. It's time to stop just thinking, talking, or dreaming about the future real estate investing can give you. You know, these little things allowed me to continue to work, do my job and stay healthy at the exact same time. Accept the New Rules of Life or Suffer in Misery. But I look at the cycle as a multi stage cycle. 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. So I want the opposite. The list of accomplishments goes on and on, but with this growth came the need to hire, and that we did. Explorer. 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. Dorkin, 41, won't be hacking houses anytime soon. I know far too many people who live the non-stop life and many, if not most, are unhappy. 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. Unlike most traditional real estate books, this one wont tell you there is one secret path to real estate success. And so we spent weeks going through the business, realize that we had, you know, created a product that was a little overly bloated, there was you know, wed built too much, too many features. 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. 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. Star Wars: Thrawn Trilogy Host Joshua Dorkin is an entrepreneur, most notably the Founder & former CEO of BiggerPockets. 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. What do you do when somebody is ripping the copper piping out of your vacant unit? [j:^h%m-dm0 \G/#f?IXv\I:$W2i|IO]K}3R+_D_P{_zZ`uu I\bY]_|[ J'|#W} t_g%=5+nnsN@ W ~xSf&+|r i44u{]Im|0S>gX}^jK9$m0BR8Y]?\fry5l |E~x7~'&xa PE""X WHr;.7=1k I mean, whatever it is. Thanks, Josh. BiggerPockets has also added a publishing arm, which released Set For Life on April 23just in time for the height of house-hunting season. So what I started doing, I was spending hours and hours on the phone every day, constantly and thats part of my job, right? Joshua Dorkin on Twitter: "Proud parenting moment: Tonight while And if you want to grow and thrive, you have to become seriously adept at it. But, you know, if anybody who tries to grasp these things, theyre so big and scary, well then break it down into little steps. Is it impressing other people? And after about two years, I quit my job teaching and I went full time. If thats the case, figure out what you need to do to change. And I mean, even when Brandon was hired, it sounds like you were able to take a step back, look at a much bigger strategic view from a business perspective that accelerated growth. We always wanted to be, you know, in Hawaii and Colorado. It was time for me to step down, bring in partners, and move on from the day to day running BiggerPockets. %&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz Joshua, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. +TYKqXLfsid| Yeah. Zf|Gy}dN1,2,qY\ s#sK~?>#W]CYq~Z6btV37 g)v3[# kG:_jJ/0Cr[-I\7{\t_LkL,K'4'Mm+"Pd60|q!?jO7S9h,P-WwS/. Well, the reality is, we are all running out of time. 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: Man, so Ive started and stopped the book probably 50 times. So first phase, I call it like that hobby phase. . Dan Daugherty: Thats right. 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. Horrifying, scary. And then I go through and Im like, all right, where am I crappy in each one of these things? 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.