Star Wars: Thrawn. the health, for example, instead of like, hey, I need to lose weight. It was just another thing I needed to do. You know, you can work remote, you can do everything remote these days. Josh Dorkin's Blog - Joshua Dorkin Joshua R. Dorkin - Crunchbase Person Profile Right? 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. 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 daughters medical emergency. A thought experiment My daughter posed the following question: It is raining outside at a constant rate. My excitement for the company and brand never waned, but I really stopped loving going in to work, but didnt know it. So give me give me the motivation and Ill get out there and do it. And, you know, Ive, you know, when I get back into it, you know, occasionally I give it a kick start. . 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. I always wanted to kind of be here, be oh, I used to call bi-coastal, would be like New York and Cali. Or just shut it down. I really enjoyed the conversation. This terrifying situation broke us, but didnt defeat us. Star Wars: Thrawn Trilogy Where am I good in each of these things? 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. I mean, you know, super, super stressful periods. I had time to wonder, time to wander, and time to contemplate my life and my happiness. . Growing BiggerPockets From 0 to 870k Members, with Joshua Dorkin Joshua Dorkin - BiggerPockets Mr. Dorkin's vision for BiggerPockets helped to propel it into becoming one of the top real estate destinations online. That was all I was allowed to do on Wednesday. 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. What you may not know is Joshua's journey in founding, building, scaling, and finally leaving BiggerPockets. It was a very unpleasant experience, very scary again, you know, I was fairly uncertain I would get through it. Joshua Dorkin, Brandon Turner. I LOVED the first few years of hiring and scaling. And so thats what I do in my book, and I literally will break all these mega tasks into little micro steps. Josh Dorkin's Blog BiggerPockets Turns 18 Years Old! 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. 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. 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? Given the choice, I decided to pivot and change course. 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. 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. Josh Dorkin: Man, so Ive started and stopped the book probably 50 times. What are the things that I need to do to be better within all these personal domains? So the operating manual was how do I go from unhappy to happy. ). Doing so otherwise would leave me a nervous wreck. 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 so, for example, one of the core values of Bigger Pockets is family above all else. No, very few people do exactly what you just said and thats actually something that I do as well, I break it out. As of February 2019, Amazon has raised $124,651,081.04 for charities through this program (Source Amazon). 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 is a serial entrepreneur, investor, podcaster, publisher, and educator. And Im. 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. Nearly 30 people work out of the companys RiNo office. . 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. All that really matters is our families, our health, and our happiness. And its not healthy for any of us, it really is not. You know what, Im going to get a fitness watch, and Im going to walk 10,000 steps a day. You know, we cant ignore SEO, we cant ignore these things. I eat well - seriously cutting back on sugars, eating lots of fruits and vegetables. ChatGPT disagrees (see image) What say you? Brandon Turner Net Worth | Wife - Famous People Today 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. C X" It is always interesting to see what kind of things come up when you search for yourself online. 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. We launched a book business. 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. The Local newsletter is your free, daily guide to life in Colorado. Star Wars: The High Republic: Light of the Jedi. Save up to 80% versus print by going digital with VitalSource. You need to change your diet, you need to do some exercise. So, in 2004, Dorkin launched BiggerPockets, a website for real estate investors to ask and answer each others questionslike a Reddit for property owners. Join us today to talk about real estate investing and specifically how to get started. 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. 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 & Joshua Dorkin. And so we said, hey. As I sat there trying to relax, things didnt improve and I knew I needed to go in. Dan Daugherty: Thats right. JoshuaDorkin.com linktr.ee/jrdorkin Posts Reels Videos Tagged Show More Posts from jrdorkin Well, then you need to figure out a system how to stop being responsive to your email and be proactive, because youre not running your business, your email is running you, right? 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. 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. Well, what do you need to do to change it? How to Invest in Real Estate - Google Books But thats OK. Hes still well on his way to becoming a mogul just less Donald Trump and more Rupert Murdoch. Fear of change or of taking risks by changing course has sunk far too many businesses. This was not like, something that everybodys like, Oh, this is going to be the greatest thing since sliced bread. And you are in Hawaii now, right? His wife and three daughters wouldn't take too kindly to sharing their space. Josh, thank you for coming on the show. 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. And really, quite frankly, I did not do a good job of understanding when Im depressed, or who to call, if Im depressed. I was already working 40 hours a week at least on Bigger Pockets in those first two years. And lets dive in. Came to be ready to quit and like told my wife, hey, Im ready to sell the business. And, you know, my goal was to figure out how do I get myself, how do I change things? And, you know, I think theres a lot of people who are willing to. BiggerPockets founder Joshua Dorkin and Brandon Turner from the BiggerPockets Real Estate Investing podcast. 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. All rights reserved. Instead of getting my hands dirty building product or testing some new landing page or campaign, I was overssing someone else that was. Joshua Dorkin on Twitter: "Proud parenting moment: Tonight while You know, I was in an industry where there were entrenched interests that wanted me destroyed from the get go. Bye. Ive always followed the same mantra - work hard, hustle, grind. Josh Dorkin: No, thanks, man, I appreciate it. But Ive definitely drafted an outline. I mean, whatever it is. 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 . 27 quotes from Joshua Dorkin: 'Today I get 100 times more done with 100 times less effort. Josh Dorkin: I thought I was having a heart attack. For us, it manifested in my little girl becoming neck down paralized amongst other things. 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. You got to deal with them. How to Invest in Real Estate: The Ultimate Beginner's G I hope to share that journey with you all via this blog, and perhaps through other forms like video or a podcast. Joshua Dorkin didnt have to go to Trump University to learn a difficult lesson about real estate investing. Like dont keep doing things that make you miserable. 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. 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. Brandon Turner is an author, entrepreneur, and active real estate investor with more than 1,000 rental units under his belt. While teaching, I began to build a directory of resources and a forum which were the roots of todays community and platform. . 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. I recommend it to everyone. And so I, you know, on the side, nights and weekends, while teaching, for the first two years, just started building this platform. By the time I exited, we had over 40 full time employees, and around a dozen contractors - close to sixty people working for the business. But yeah, I mean, there were down periods, dark periods. Our gut answer is run, because you get wet from above and front. Josh Dorkin: Absolutely. 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/. Thank you so much, Josh, I want to have you on again. Dan Daugherty: Welcome to this episode of The Big exit. So I know how to do it, I just, I dont know, Im torn. Youre operationalizing your life and that has allowed you to kind of be more open. Dan Daugherty: And well, first off, Im so happy that your daughter is healthy now. 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. Its fantastic. 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. I had a budget and time crunch, and was not going to be able to get what I needed on budget or in time. I get to advise Scott and the current leadership team alongside some incredible partners. It sounds like you said okay, what am I going to do next? And please share this article so more people can learn about this amazing program. I was kind of tired, I was kind of ready for the next thing. 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! Verified account Protected Tweets @; Suggested users Second phase was when I took it serious, quit my job and really spent all my time on it. 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. Dan Daugherty: Well said. What's my secret? And after about two years, I quit my job teaching and I went full time. 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. [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 doubt it. How to Invest in Real Estate with Joshua Dorkin & Brandon Turner | BP And what happens inevitably, and I think you and Ive seen this countless times, you know, you raise the money, and now you have bosses and those bosses are telling you how to run the business and now you dont get to run the business the way that you actually thought you were going to run the business, because you have bosses and youre not working for yourself anymore. 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 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. Denver, CO 80202. 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. It's time to start doing And this book will show you exactly where to start! So I hired a consultant and he came in and we looked over the business. But that's OK. Quotes "I believe 100% in putting all my eggs in one basket. And so I think that mindset is exceptionally important. I you know, I think another way of saying is, you know, putting yourself in a position to dot dot dot. 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. 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%. This keynote speech goes deep into what really matters most. Theres so much. . 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. My secret plan to make the girls fans is working! I was no longer happy as CEO of my own company. Well, the reality is, we are all running out of time. Podcaster. 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. This caused a shift in Joshuas reality, so he dropped everything. From a life experience, it sounds like youre doing the same thing. 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.. 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. The political upheaval, the COVID chaos. Dan Daugherty: How long have you been in Hawaii with the family? 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. Josh Dorkin: Well, if you put it that way, it sounds pretty good. Is that true? There were personality clashes, bad hires, and everything else you could imagine. . Accept the New Rules of Life or Suffer in Misery. So I want the opposite. |8{'t o`7p\2K`0rS%O|>. Z|\ ~kqCi\hPmskwJLP5|/(X.T There had been ups, there had been downs. Josh Dorkin and Brandon Turner longtime hosts of the world's #1 real estate podcast, The BiggerPockets Podcast - give you an insider's look at . 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. Standard economy shipping is always FREE, but you can upgrade if you'd like to receive your book faster. 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. Not the way I wanted to spend my Saturday . 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. Absolutely. But, yeah, no, its been a very, very long journey. And so, you know, its a serious decision to raise money or not to raise money. Dan Daugherty: All right. doesn't own much property. 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. Is it all the material stuff? Fast forward to yesterday, I had some of those symptoms. 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. Its fabulous. We engaged an investment bank, initiated a process, and ultimately found ourselves at a successful deal with our aforementioned partners. Start shopping! But I got to this point where Id just run myself ragged, really, you know, stupidly worked way, way, way, way too hard. Dan Daugherty: And you have that almost daily and you have to have that type of growth mindset. And I suppose if I had enough people saying, Yeah, Josh, you should do it, for sure, I might jump at it. It was a blast, but by year 12, 13, 14 my job changed. And its made it so Im a hell of a lot happier. Then I got a little nauseous and dizzy with a very minor headache. 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. 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. 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. Find which one works best for you, your resources, and your goals. 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. Read it!Ryan Harris, Super Bowl 50 Champion and real estate investor. Josh is also host of the BiggerPockets Podcast (80 million . This happens so often where and you mentioned it, its at the SEO algorithm, is it, its almost like youre manic because one day you just closed a really large client, youre all celebrating, and then the next day, all of your servers crash. She went through something called conversion disorder, which basically the brain kind of shuts the body down. Today, BiggerPockets is the premier real estate investing website online with . What do you do when somebody is ripping the copper piping out of your vacant unit? And inevitably, you know, I really struggled through those difficult times. 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. Problems dont go away. Be there for your families. Yesterday that reality came a little too close for comfort for me. When I founded the company I was teaching full time at a special ed high school in the Los Angeles area. 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. I mean, nights, weekends, you name it, seven days a week. Originally from the Bay Area in California, she studied photojournalism at San . He was wrong. I move daily and if not for some nagging injuries, try to get in intensive workouts 5 days a week. Purchases from the BiggerPockets Bookstore can only ship within the United States. But, fast forward to where we are today and shes fully physically functional. I mean, I went up against tremendous opposition. You are also, obviously Bigger Pockets continues to grow, still the top everything, the community, the podcast. And in order to do that, we were going to have to penny pinch at home because my wife was not working. So, you know, being willing and open to change and being dynamic, I think is one of the most important things.
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