But that's OK. 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. We were all about trying to help people build wealth, learn how to build wealth through real estate investing. Rethinking my decision to leave Wordpress. Right? 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. 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. You are also, obviously Bigger Pockets continues to grow, still the top everything, the community, the podcast. And Im, you know, Im trying to figure out whats next, you know, looking at ideas. 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. So Ive got a book journal where Ive literally broken my life down into segments, physical fitness, health, I separate them, physical fitness and health, business and work, wife and love, my kids and you know, some people may put faith in there, whatever it is. I mean, I went up against tremendous opposition. Dan Daugherty: Well said. [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 There are few things worse than seeing your child suffer and this period was easily the worst of my life. %&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz The blur lasted a little less than 10 minutes, but after that, my eyes just felt funny. 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. 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. Over the months and months that I spent caring for her, I had something I had never previously had in my adult life - time. Today I think its a sign of necessity and strength. 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. +(((Bp3G' $('4 )GNh!NA< JOSH DORKIN: But it gave me the time to really think about life. From a life experience, it sounds like youre doing the same thing. You know, Im not without stress, and headaches. And Ive given two examples of bad things Ive been through, Ive been through a lot, you know, some pretty bad things on top of that. Just work, keep working, be dynamic, pivot and you know, a lot of luck out there. 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. What lessons did he learn along the way? 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. Josh Dorkin Bootstrapped BiggerPockets to a Big Exit What you may not know is Joshua's journey in founding, building, scaling, and finally leaving BiggerPockets. 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.. Plus, he doesnt own any rental properties outright anymore, simply because BiggerPockets requires too much of his attention. . But yeah, I mean, there were down periods, dark periods. 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. I you know, I think another way of saying is, you know, putting yourself in a position to dot dot dot. ). Lets do it. +TYKqXLfsid| I began to feel hopeful and knew at some point wed all be able to move on - no matter the outcome. 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. 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. I didnt, you know, if there was emergencies, youd deal with it, but like, that was it, that was what that day was about. 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. Im 43 and I know Im not a kid anymore. And so once you start tackling them, its amazing how your load gets lighter and lighter and lighter. Books Authored by Joshua Dorkin In November 2017 one of my daughters went through a terrible trauma that was initiated by a surgery - something called conversion disorder. I cant really describe in words what everything looked like, but it didnt feel right. Not the way I wanted to spend my Saturday . Choosing a selection results in a full page refresh. Wednesday was about thinking, networking and not doing. And that had to stop too. Once I realized this, I instantly knew what I had to do. 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. 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. Yeah. My secret plan to make the girls fans is working! I mean, nights, weekends, you name it, seven days a week. 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. 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. I mean, the very first early years, you know, I had very little support outside of my wife, you know. $4%&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz ? It was a lot to manage and with it came all the headaches that come with growth. I mean, you know, you want me to just take it from the beginning or? Bye. Star Wars: The High Republic: Light of the Jedi. And so thinking about the things you go through, look, we all go through good stuff and we all go through bad stuff. And Im excited to have you on board to really tell the story of how you went from zero to an exit without ever raising a single dime of outside capital. You know, with. 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. You know, we are not residents yet, you know, were doing our trial balloon now so to speak. 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. . 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. I dont know. I thought I was having a heart attack. Originally from the Bay Area in California, she studied photojournalism at San . For those of you who don't know Josh, Josh is the founder of BiggerPockets.com. But, yeah, no, its been a very, very long journey. And so that ultimately led to diversification of the business. 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. Its unlikely. You may fail, but at least you will have taken your shot.Good luck! Like, dont do, keep doing things that make you miserable. Be there for your families. I hope to share that journey with you all via this blog, and perhaps through other forms like video or a podcast. And inevitably, you know, I really struggled through those difficult times. Josh Dorkin - Board Member - BiggerPockets | LinkedIn But you know, looking to make that a little more official. . So I hired a consultant and he came in and we looked over the business. I remember you and I met, it must have been like, what, when did you found bigger pockets? What regrets does he hold? . Everything came back clear and they released me. And then I start knocking them out, hey, I got to get, you know, Ive been eating like crap, Im, you know, 20 pounds overweight, cool. I want to, I listened to experts on it. x337R0 B],s@(PH(Y . And my idea, you know, was one where, you know, VCs and angels thought it didnt have a chance. . 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. 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. Nearly 30 people work out of the companys RiNo office. PDF How to Invest in Real Estate - BiggerPockets And, you know, my goal was to figure out how do I get myself, how do I change things? How Life Forced BP Founder Joshua Dorkin to Reevaluate Choices It's time to start doing And this book will show you exactly where to start! We launched amazing products like the podcast, which today is still one of the top 10 business shows in the world. Press the space key then arrow keys to make a selection. 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. What's my secret? It was brutal. For us, it manifested in my little girl becoming neck down paralized amongst other things. "Dorkin and Turner have really laid out a clear, straight-to-the-point guide to achieving success through real estate investing. 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. What is a VA Loan and Why Should I Consider Using One? Plus, he doesn't own any rental properties outright anymore, simply because BiggerPockets requires too much of his attention. And everybodys at each others throats and stressed and tense. We're confident in the quality of our books. Thanks. It is always interesting to see what kind of things come up when you search for yourself online. &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~ . 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. Shop | Page 703 of 703 | Nexus vefverslun How to Invest in Real Estate with Joshua Dorkin & Brandon Turner Josh Dorkin's Blog - Joshua Dorkin You know, dont keep doing things that keep you super stressed out. This keynote speech goes deep into what really matters most. You know, I couldnt breathe. Dan Daugherty: I just might, well, offline, lets catch up, because maybe theres something we can do together. So, you know, the decision was, do I raise money? Just Released: Two NEW BiggerPockets Books to Help You Build Wealth Through Rental Investing . Right? 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. You know, we were living pretty tight on what we were making, where we were, as you know, Denvers not inexpensive. And so what I tell my friends and just people that you know if I ever am speaking is, you know, you got to take care of your first, yourself first. October 22, 2022 Almost a lifetime ago - 18 years today - I officially marked the founding of BiggerPockets Starting a hobby website while working as a full time teacher was one thing. How do we make a change, change the way we operate the business so that we, so that Googles algorithm changes become less of a significant impact on who we are and what we do? I mean, you know, super, super stressful periods. 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. And its made it so Im a hell of a lot happier. And I think the way you live your life, and your happiness is going to be determined by your outlook on that. 421: Family Over Everything: How Life Forced BP Founder Joshua Dorkin They suspected some kind of migraine, and cleared me of all the really scary stuff. COVID you know, your kid gets sick. Absolutely. Dorkin, 41, won't be hacking houses anytime soon. 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. I mean, nights, weekends, you name it, seven days a week. Joshua Dorkin BiggerPockets Founder Maui, HI 28K FOLLOWERS 5 FOLLOWING 346K CONNECTIONS I am the Founder, former CEO (2004 - 2018), former podcast host, and current board member of BiggerPockets. 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. Joshua Dorkin is the founder of BiggerPockets, as well as a serial entrepreneur, investor, podcaster, publisher, and educator. How to Invest in Real Estate: The Ultimate Beginner's G Its fantastic. What do you do when somebody is ripping the copper piping out of your vacant unit? Josh, thank you for coming on the show. And I realized that I was unhappy. But, you know, Ive written a book before with Brandon on real estate. BiggerPockets founder Joshua Dorkin and Brandon Turner from the BiggerPockets Real Estate Investing podcast. Joshua Dorkin (1843 - 1914) - Genealogy 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/. And I did it without freaking out or getting stressed because doing so doesnt help. Is it all the hustle and grind? Ive always followed the same mantra - work hard, hustle, grind. And so, you know, its a serious decision to raise money or not to raise money. This caused a shift in Joshuas reality, so he dropped everything. 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. This ultimately led to me having several panic attacks which really should have been a sign to step back. 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. Came to be ready to quit and like told my wife, hey, Im ready to sell the business. The Local newsletter is your free, daily guide to life in Colorado. 40.3K subscribers Thirteen years ago, Joshua Dorkin's friends teased him about starting a website that seemed to have no future. Dan Daugherty: And well, first off, Im so happy that your daughter is healthy now. I choose to deal with them as they come using logic and working through like I would any game or problem. So I want the opposite. 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. Not a magic formula. 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 put on my headset and Id walk around the neighborhood and I easily got my 10,000 steps. His wife and three daughters wouldnt take too kindly to sharing their space. 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. q=q >s@U8F qNU +HrQ-&pp9Q#b5H8kz{04rs~PRdyC 14Z'= :O+OIQG{^[gFN28JR`9X, r cvhwc61@S*JL1M$d|H8v:Rp= sE) Josh Dorkin's Blog BiggerPockets Turns 18 Years Old! A life-long adventurer, Brandon (along with his wife and daughter) splits his time between his home in Hawaii and various other destinations around the globe. Dan Daugherty: Yeah, I mean, lets start from the very beginning. 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).Youll hear how Joshua was cranking out 100 hour weeks, working 7 straight days, for the first 6 years of BiggerPockets existence. 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. 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. In my case, the two things most searched are my net worth and why I left BiggerPockets. And so you can freak out and flip out, or you can say, all right, you know, what, they made this tweak, what could we do better? Mind you, in order to survive in business, the pivot is one of your most powerful tools. 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 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. Star Wars: Thrawn. Joshua Dorkin | BiggerPockets And yeah, so were here. (Where the hell have you been Josh?!? When autocomplete results are available use up and down arrows to review and enter to go to the desired page. Was it 2009? 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. 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.