Joshua Dorkin, Brandon Turner. And I realized that I was unhappy. This led to massive burnout and I came very close to quitting and shutting everything down. w !1AQaq"2B #3Rbr You know, I felt like, something needed to change for me personally. Suite 675 Josh Dorkin: So you know, weve always wanted to come to Hawaii. 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. And in that time, I realized that I wasnt as happy as I wanted to be running the business, that I went to my wife, year eight of the company, and I was in tears. As you know, Im like a scrawny dude. Yeah. Josh tells his story of wanting to quit, having 3 nervous breakdowns, and eventually selling to a private equity company. Join us today to talk about real estate investing and specifically how to get started. Keep in mind that full time in this case means 80-100 hours a week, with no days off, no vacations, no respit. Josh Dorkin's Blog BiggerPockets Turns 18 Years Old! Ive used that technique, and that has helped me dramatically. 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 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. Joshua Dorkin Quotes (Author of The Book on Investing In Real Estate Josh Dorkin: Well, if you put it that way, it sounds pretty good. Josh Dorkin: Absolutely. Family Over Everything: BP Founder Joshua Dorkin on - YouTube Check it out below and hopefully you learn not only a little more about me, but you also pick up some tidbits about business, entrepreneurship, work-life balance, family, and important time-management habits. 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. Copyright 2019 Joshua Dorkin. . 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. 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. Mind you, in order to survive in business, the pivot is one of your most powerful tools. Thanks. I created this site in 2004 to create a place where investors could learn, network, market and make deals in a safe online environment. Josh Dorkin and Brandon Turnerlongtime hosts of the world's #1 real estate podcast, The BiggerPockets Podcastgive you an insider's look at the many different niches and strategies that exist. unit you let me know well do it whenever. . All rights reserved. I believe the program is available for all Amazon users, so even if you arent Prime, you can partake. And yeah, so were here. They live in Grays Harbor, Wash. Well, what do you need to do to change it? I recommend it to everyone. But Ive broken kind of everything in my life down in these terms. Books Authored by Joshua Dorkin Wed launched the publishing business, I mean, you know, the company grew and grew, he will allowed me to think about the business from a holistic standpoint, strategic, and over time, we grew, we scaled, we hired dozens of people. Our friend had come over to help out and I was going to rest while she watched the girls. 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%. I taught myself how to code a number of years before back in college, and just started to run with it. Author. 28 Jan 2023 08:21:40 Life is short, you know, you dont know what can happen tomorrow. Thats a really weird thing to say, especially since I loved the company. 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. And I suppose if I had enough people saying, Yeah, Josh, you should do it, for sure, I might jump at it. What are you waiting for? But I look at the cycle as a multi stage cycle. Not the way I wanted to spend my Saturday . 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. What you may not know is Joshua's journey in founding, building, scaling, and finally leaving BiggerPockets. Almost everyone that builds a business wants some kind of growth, but as much as I loved seeing my brainchild thrive and grow, I was having less and less fun doing it. Dan Daugherty: All right. 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. Lets do it. A few months back I had the blurry thing, but without the other stuff, and of course, went to visit Dr. Google. 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. I mean, the very first early years, you know, I had very little support outside of my wife, you know. In 2006, Brandon Turner got married to Heather. I realized that like, thats not healthy. It's time to start doing And this book will show you exactly where to start! Joshua, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. I was kind of tired, I was kind of ready for the next thing. The company, by the way, is the largest real estate investing media company and community out there. A lot of people can at least. As Founder and CEO of BiggerPockets, I created the vision and strategy for the business and bootstrapped the company until . But he came in and was instrumental to advancing the business. Josh Dorkin Bootstrapped BiggerPockets to a Big Exit I remember you and I met, it must have been like, what, when did you found bigger pockets? Do I hire? This terrifying situation broke us, but didnt defeat us. Lets just do it. 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. 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. I dont know. He was wrong. What lessons did he learn along the way? because I felt that I had to succeed, and because in reality, I was STUCK IN MY BUSINESS instead of working ON MY BUSINESS. Dorkin, 41, won't be hacking houses anytime soon. Days and weeks of not knowing what was to come with my daughter eventually led to glimmers of hope that wed see a recovery. Verified account Protected Tweets @; Suggested users What regrets does he hold? very much oversimplifying it. Theres so much. 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. For us, it manifested in my little girl becoming neck down paralized amongst other things. And, you know, I think theres a lot of people who are willing to. This book provides a comprehensive overview of real estate investing strategies whether buy and hold to short-term rental and everything in between. Growing BiggerPockets From 0 to 870k Members, with Joshua Dorkin And so I think that mindset is exceptionally important. The impact of the site, the podcasts, the dozens of books, the videos cant be measured in KPIs alone, but must be measured by lives changed for the better.As a result, BiggerPockets helped transform an industry. And, you know, so I take those moments when they come to me and I try and take bold steps when they come. I coasted through the store with the ease of a professional, choosing items that would look great together and which would stand the test of time. &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~ be helpful, you know, seek out advisors in your field and you know, work towards it. . Josh Dorkin: No, thanks, man, I appreciate it. Knowing it wouldnt be wise to drive, I called 911 and a full squad of firemen and paramedics came to visit. Today, I think its a sign of necessity and strength, to be self-aware enough to know. But this was awesome Josh, thank you so much for your time. I wasnt, however, happy with what I had spent my time doing. I you know, I think another way of saying is, you know, putting yourself in a position to dot dot dot. \"The business really wasn't making serious money for probably getting close to a decade.\"\r\r The story has a happy ending. 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. Brett Jurgens Talks About Building and Selling Notion to Comcast. I didnt have a co-founder, I didnt have any partners. But I wanted to be healthier. Adventurer. Podcaster. 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. Or just shut it down. 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. . Joshua Dorkin (1843 - 1914) - Genealogy So I hired a consultant and he came in and we looked over the business. You know, thats, surprisingly a significant boost to your health. Was it 2009? Our gut answer is run, because you get wet from above and front. What is a VA Loan and Why Should I Consider Using One? Ive always followed the same mantra - work hard, hustle, grind. 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).Youll hear how Joshua was cranking out 100 hour weeks, working 7 straight days, for the first 6 years of BiggerPockets existence. 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. It sounds like you said okay, what am I going to do next? And so, for example, one of the core values of Bigger Pockets is family above all else. And the company was profitable. . I was already working 40 hours a week at least on Bigger Pockets in those first two years. $4%&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz ? Find which one works best for you, your resources, and your goals. And my idea, you know, was one where, you know, VCs and angels thought it didnt have a chance. How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting And in order to do that, we were going to have to penny pinch at home because my wife was not working. I easily felt better. 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. 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. Julie was in California and I was home alone with the girls. 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. 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. Joshua Dorkin on Twitter: "Proud parenting moment: Tonight while And the platform itself, your business, whatever it is, is not going to be able to blossom. I was making money. So first phase, I call it like that hobby phase. Dan Daugherty: And well, first off, Im so happy that your daughter is healthy now. 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.