Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, and educator. The list of accomplishments goes on and on, but with this growth came the need to hire, and that we did. So hired a guy named Brandon Turner, he, some of you listening may know him, hes still the co-host of the Bigger Pockets podcast. 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. %PDF-1.6 % 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 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. But cool, you know, and you move from drinks to water, you start losing weight. We launched a book business. So give me give me the motivation and Ill get out there and do it. 04 Mar 2023 02:14:54 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. It was a lot to manage and with it came all the headaches that come with growth. I was happy to have three amazing children, food on the table, and a safe place to live. Lets do it. . And lifes too short, man. 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! . When the time came to pick out the shower, I realized that there werent any that matched the size we needed. 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. Explorer. 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. All things Colorado delivered straight to your inbox. Im your host, Dan Daugherty and today I have a good friend, Josh Dorkin, who is the founder and former CEO of Bigger Pockets. Make sure youre doing everything you can to live your best life. 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. I dont know, maybe, if I get some encouragement from my friends Ill do it. And so we said, hey. x337R0 B],s@(PH(Y This ultimately led to me having several panic attacks which really should have been a sign to step back. I mean, you know, super, super stressful periods. Start shopping! 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. This caused a shift in Joshua's reality, so he dropped everything. Dan Daugherty: Ah, I love that. And, you know, I think theres a lot of people who are willing to. Dan Daugherty interviews Josh Dorkin who founded BiggerPockets in his living room with $12 bucks. Josh is also host of the BiggerPockets Podcast (80 million . 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. 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. And I realized that I was unhappy. And so I think that mindset is exceptionally important. Right? Well, what do you need to do to change it? It was a very unpleasant experience, very scary again, you know, I was fairly uncertain I would get through it. |8{'t o`7p\2K`0rS%O|>. Z|\ ~kqCi\hPmskwJLP5|/(X.T They have got a new book coming out this Thursday called How To Invest In Real Estate. Thanks, Josh. So the operating manual was how do I go from unhappy to happy. In this conversation. +(((Bp3G' $('4 )GNh!NA< . Amazon donates 0.5% of the price of your eligible AmazonSmile purchases to the charitable organization of your choice.. The political upheaval, the COVID chaos. Standard economy shipping is always FREE, but you can upgrade if you'd like to receive your book faster. We build tools, our content, our social presence. 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. I think its one of the top hundred podcasts in the world, give or take. 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. 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. 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). Joshua Dorkin, Brandon Turner. But I just got caught up in the details, I got caught up in every little detail. Sarahbeth Maney is a Washington, D.C.-based photojournalist and a photography fellow for The New York Times. 1675 Larimer St. Press the space key then arrow keys to make a selection. Everything came back clear and they released me. Its fabulous. For those of you that are truly curious, wait no longer . I could still make things out, but barely. Welcome to the Big Exit, where we discuss startup acquisitions with the founders who lived it. Josh Dorkin's Blog BiggerPockets Turns 18 Years Old! 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. For those of you who don't know Josh, Josh is the founder of BiggerPockets.com. 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. Author. Find which one works best for you, your resources, and your goals. http://biggerpockets.com/moneyshow42Real estate is a hot topic right now, and who better to talk about the subject than BiggerPockets founder Joshua Dorkin a. But Ive definitely drafted an outline. 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. There are few things worse than seeing your child suffer and this period was easily the worst of my life. And I suppose if I had enough people saying, Yeah, Josh, you should do it, for sure, I might jump at it. Joshua Dorkin is the founder and former CEO of BiggerPockets, launched on October 22, 2004. 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. 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 once you start tackling them, its amazing how your load gets lighter and lighter and lighter. Shopping these days is just a little less fun. 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. The Digital and eTextbook ISBNs for How to Invest in Real Estate are 9781947200050, 1947200054 and the print ISBNs are 9780997584707, 099758470X. And, you know, were in a position where we have an opportunity to do something like this, like, do it. A lot of people can at least. 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. We launched amazing products like the podcast, which today is still one of the top 10 business shows in the world. I thought I was having a heart attack. A few months back I had the blurry thing, but without the other stuff, and of course, went to visit Dr. Google. 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. 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. They live in Grays Harbor, Wash. As I sat there trying to relax, things didnt improve and I knew I needed to go in. I built at my own pace and designed a business with a mission and values that were important to me. When I started Bigger Pockets it was, I was teaching special ed. All that really matters is our families, our health, and our happiness. 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. What is a VA Loan and Why Should I Consider Using One? Or just shut it down. As always, I charged on despite my body and subconscious screaming as loud as possible to stop. And, you know, the issue I had with those, which led me to founding Bigger Pockets was I, you know, I didnt like the idea of getting caught up in this funnel where, you know, its like, hey, come to our free course, and the free course is just an ad for a free boot camp, you know, some kind of boot camp, which is an ad for a course, which is an ad for, you know, training, and, you know, by the time youre done, and you look up, youve just spent $50, $75,000, to train with some, you know, self-anointed guru and, you know, youve got nothing to show for it a lot, you know, high failure rates and things like that. And then I go through and Im like, all right, where am I crappy in each one of these things? I move daily and if not for some nagging injuries, try to get in intensive workouts 5 days a week. 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. And not difficult. If you're not satisfied with your purchase, you can return your book for a full refund within 30 days. Nearly 30 people work out of the companys RiNo office. It was brutal. 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. . I mean, nights, weekends, you name it, seven days a week. And but yeah, thats what Ive been up to. Find which one works best for you, your resources . k cG-t} 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. 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. Its fantastic. You know, what are you doing and deal with that situation. You know, these little things allowed me to continue to work, do my job and stay healthy at the exact same time. 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. 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. Today, BiggerPockets has grown to more than 870,000 members. Like, I mean, you wouldnt know the difference between her and any other kid. You know, dont keep doing things that keep you super stressed out. Joshua Dorkin Oct 2016 Mar 2021. 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. And its made it so Im a hell of a lot happier. We grew the community. 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. I doubt it. and what what happen if things went wrong. The podcast has almost 250 episodes and the blog features more than 8,100 articles.\r\r In today's episode, I have a heart-to-heart with BiggerPockets founder Joshua Dorkin about the blood, sweat and tears that's required to start a successful online business. And its not healthy for any of us, it really is not. 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. And anything thats stressing me out, you absolutely have to dissect it, and then figure out what the root cause is and that opens up everything else because then you figure out ways, again, Ill use the term operationalize it, is because then it allows you to leverage different tools, maybe you have to delegate more, maybe you dont have to respond within an hour of every single email that comes in, whatever it might be. Will I get more wet if I stay still, walk or run, and why? And the company was profitable. Today I think its a sign of necessity and strength. He later transitioned to building a team, starting with the BiggerPocket Podcasts very own host, Brandon Turner.This later snowballed into more hirings, with the BiggerPockets growing faster and faster, and being able to scale larger and larger. This tip will teach you how to be a philanthropist (for free) every time you shop on Amazon. Join us today to talk about real estate investing and specifically how to get started. (Where the hell have you been Josh?!? I had purchased a few rental properties and needed some help dealing with all the questions I had, but couldnt find a place where I could get answers without having to deal with solicitations and promotions of these self-proclaimed gurus who dominated the scene at the time. You may fail, but at least you will have taken your shot.Good luck! because I felt that I had to succeed, and because in reality, I was STUCK IN MY BUSINESS instead of working ON MY BUSINESS. She went through something called conversion disorder, which basically the brain kind of shuts the body down. 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. And so, for example, one of the core values of Bigger Pockets is family above all else. They cleared me, but my very high blood pressure of 160/100 and other symptoms had them concerned, so they stayed to make sure it went down, and before leaving, strongly recommended I go to the hospital if after a little bit things didnt get better. Joshua Dorkin Oct 2016 Mar 2021. While teaching, I began to build a directory of resources and a forum which were the roots of todays community and platform. 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. His wife and three daughters wouldnt take too kindly to sharing their space. Josh tells his story of wanting to quit, having 3 nervous breakdowns, and eventually selling to a private equity company. One final question. But thats OK. Hes still well on his way to becoming a mogul just less Donald Trump and more Rupert Murdoch. . And, you know, Ive been investing, you know, since my exit, in different things, looking for, you know, startups to get involved with, looking for boards to become a part of, looking to advise, Ive been advising some small companies kind of off the books. When I founded the company I was teaching full time at a special ed high school in the Los Angeles area. In my case, the two things most searched are my net worth and why I left BiggerPockets. 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 And so thats what I do in my book, and I literally will break all these mega tasks into little micro steps. 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. 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. It's time to start doing And this book will show you exactly where to start! 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. We were all about trying to help people build wealth, learn how to build wealth through real estate investing. Whether its in business, you know, I want to be a better CEO, I want to learn how to become a CEO, so I went and read lots of books on it. Looking back, Im reminded of the following from the incredible Hamilton. (BTW - Ill certainly talk more about working on a business at another time). It is always interesting to see what kind of things come up when you search for yourself online. And I had to step away, I had to step away from the company, in order to take care of my family. But, you know, Ive written a book before with Brandon on real estate. Denver, CO 80202. 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. Dan Daugherty: And you have that almost daily and you have to have that type of growth mindset. But yeah, I mean, there were down periods, dark periods. Its unlikely. Mr. Dorkin's vision for BiggerPockets helped to propel it into becoming one of the top real estate destinations online.