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Im on the board. I created this site in 2004 to create a place where investors could learn, network, market and make deals in a safe online environment. "Dorkin and Turner have really laid out a clear, straight-to-the-point guide to achieving success through real estate investing. 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. I take care of myself. Horrifying, scary. It is always interesting to see what kind of things come up when you search for yourself online. 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. Joshua Dorkin - Audio Books, Best Sellers, Author Bio | Audible.com Given the choice, I decided to pivot and change course. So first phase, I call it like that hobby phase. 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. All rights reserved. No, very few people do exactly what you just said and thats actually something that I do as well, I break it out. Meet Denver's New Real Estate Mogul, The Creator of BiggerPockets From a life experience, it sounds like youre doing the same thing. 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. 27 quotes from Joshua Dorkin: 'Today I get 100 times more done with 100 times less effort. And so, for example, one of the core values of Bigger Pockets is family above all else. A lot of people can at least. Its, instead of drinking soda and orange juice, and, you know, coffees and energy drinks, Im just going to drink water, because water is healthy, water cleanses you, water does this, you know, thats not that big a step. And I realized that I was unhappy. Ive always followed the same mantra - work hard, hustle, grind. Books Authored by Joshua Dorkin How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting 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. . And, you know, my goal was to figure out how do I get myself, how do I change things? You got to deal with them. Yeah, yeah. I felt trapped. You are also, obviously Bigger Pockets continues to grow, still the top everything, the community, the podcast. Today, I think its a sign of necessity and strength, to be self-aware enough to know. . Josh Dorkin: Absolutely. And so I think that mindset is exceptionally important. ChatGPT disagrees (see image) What say you? Plus, he doesn't own any rental properties outright anymore, simply because BiggerPockets requires too much of his attention. Joshua Dorkin | BiggerPockets How to Invest in Real Estate: The Ultimate Beginner's G And, you know, I think theres a lot of people who are willing to. This caused a shift in Joshua's reality, so he dropped everything. 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. Then I got a little nauseous and dizzy with a very minor headache. So we went and we hired an investment bank, I mean, cutting a long story short, Im sure youre going to have a ton of questions and sorry for ranting, but we hired a bank, went through a process, and, you know, six, eight months later, I had an exit to a private equity company, still own a significant piece of the business. After two years, I quit my teaching job, got married, moved to Colorado and began working full time on BiggerPockets. Suite 675 And not difficult. I doubt it. We launched a book business. You know, I didnt know if I needed to take an ambulance to the hospital. Unlike most traditional real estate books, this one wont tell you there is one secret path to real estate success. JoshuaDorkin.com linktr.ee/jrdorkin Posts Reels Videos Tagged Show More Posts from jrdorkin Doing so otherwise would leave me a nervous wreck. Josh Dorkin's Blog BiggerPockets Turns 18 Years Old! How to Invest in Real Estate with Joshua Dorkin & Brandon Turner | BP Dan Daugherty: Welcome to this episode of The Big exit. And, you know, between Brandon and Scott Trench, who was my second in command at the business at the time, and my management team, you know, I tasked those guys and gals to run the business and I had to focus on my family. +TYKqXLfsid| 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. How One of the Largest Real Estate Communities was Built? with Joshua \"I was working a full-time job making no money as a teacher,\" Dorkin says, \" and then [I] quit that job, reliable income, to blindly create this platform for other people. 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 - BiggerPockets Bookstore 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. But you know, looking to make that a little more official. 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. 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. Verified account Protected Tweets @; Suggested users FHA Guidelines: How to Qualify for a 3.5% Down Loan . 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. 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. But instead of sitting in my office talking on the phone, every phone call that I had was a walking call. Thanks, Josh. But Ive broken kind of everything in my life down in these terms. So you know, whether its that or, hey, Im stressed about money, well, you know, you got to then go and break down your budget, and you got to figure out why youre stressed about money. 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. Or just shut it down. 421: Family Over Everything: How Life Forced BP Founder Joshua Dorkin Josh Dorkin: Man, so Ive started and stopped the book probably 50 times. 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. And inevitably, you know, I really struggled through those difficult times. 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. His wife and three daughters wouldn't take too kindly to sharing their space. 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. Many of you already know my story, but it is always a privilege to have the opportunity to share it with other entrepreneurs in person, at events, and of course, via podcast conversations. BiggerPockets has also added a publishing arm, which released Set For Life on April 23just in time for the height of house-hunting season. Its not money, its not success, but its something that matters even more: fulfillment and family.Be sure to give Joshua a follow on Twitter at @jrdorkinCheck the full show notes here: https://www.biggerpockets.com/show421 Problems dont go away. So I read about happiness, right? 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. Joshua Dorkin, Brandon Turner. And the platform itself, your business, whatever it is, is not going to be able to blossom. Quotes "I believe 100% in putting all my eggs in one basket. This book provides a comprehensive overview of real estate investing strategies whether buy and hold to short-term rental and everything in between. 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. In my case, the two things most searched are my net worth and why I left BiggerPockets. something that I used to think gave me hustle street cred, but today I realize was just a formula for burnout. 4.6 208 Ratings; $11.99; Listen $11.99; Listen . I mean, you know, would somebody have diagnosed me with clinical depression? Podcaster. Lifes too short, man. I wish it would touch more on farmland and syndications a little more but those could be considered more niches. We've all felt scared about doing that big thing we've dreamed of doing. You know, these little things allowed me to continue to work, do my job and stay healthy at the exact same time. Theres so much. The company, by the way, is the largest real estate investing media company and community out there. I was no longer happy as CEO of my own company. 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. Copyright 2019 Joshua Dorkin. Theres a lot of, you know, Colorado just, you know, still a lot of chaos. I began to feel hopeful and knew at some point wed all be able to move on - no matter the outcome. 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. 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, 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. If you're not satisfied with your purchase, you can return your book for a full refund within 30 days. 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. And I suppose if I had enough people saying, Yeah, Josh, you should do it, for sure, I might jump at it. And hopefully, you know, hopefully, somebody listening takes something away from it, I, you know, entrepreneurship is challenging, its really, its really, really tough. For returns, refunds, or the status of your order, you can contact. Along with a team that we put together including physical and occupational therapists, we began to see the wins rack up and by February/March of 2018 she had progressed from her wheelchair to walker to finally walking by herself. 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. Dorkin failed to account for costly evictions, irresponsible tenants, inattentive property managers, and unforeseen repairs, such as mending a three-foot-wide hole cut through a kitchen floor. And the company was profitable. And so as we were going through this situation with my daughter, little by little she was getting better. And from a bootstrap perspective, you know, bootstrapping, you have a lot less support than you do when you raise money. I cant really describe in words what everything looked like, but it didnt feel right. Wednesday was about thinking, networking and not doing. But he came in and was instrumental to advancing the business. The days of building product, building community, marketing, growth hacking and being creative were replaced with days managing people. I didnt have a co-founder, I didnt have any partners. I took the viral photo of Judge Ketanji Brown Jackson. Here - TODAY.com 1065 episodes totalling 1002 hours, 17 minutes. Is it all the hustle and grind? We have a guy named Josh Dorkin. Is that true? Was it 2009? I built at my own pace and designed a business with a mission and values that were important to me. I could still make things out, but barely. 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. You know, I couldnt breathe. unit you let me know well do it whenever. You know, dont keep doing things that keep you super stressed out. 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.. 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. We grew the community. For me, I realized that if Im going to run this company, Ive got these kids that I love and my wife 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 would get calls from my buddies who would literally call me. Make sure youre doing everything you can to live your best life. When I founded the company I was teaching full time at a special ed high school in the Los Angeles area. You need to change your diet, you need to do some exercise. And so thats what I do in my book, and I literally will break all these mega tasks into little micro steps. 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. How Life Forced BP Founder Joshua Dorkin to Reevaluate Choices Joshua Dorkin Oct 2016 Mar 2021. Came to be ready to quit and like told my wife, hey, Im ready to sell the business. 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. Joshua Dorkin Public figure Father. And so that ultimately led to diversification of the business. 04 Mar 2023 02:14:54 When I started Bigger Pockets it was, I was teaching special ed. But that's OK. 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? And its not healthy for any of us, it really is not. 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. We're confident in the quality of our books. Right? I learned to stop being a cadet and start being a general.', 'life is too short to be stuck in a job you hate. Josh is also host of the BiggerPockets Podcast (80 million . For locals, by locals. 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. 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. But the problem is, none of this goes away. Our gut answer is run, because you get wet from above and front. Today I think its a sign of necessity and strength. 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. 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 is the founder of BiggerPockets, as well as a serial entrepreneur, investor, podcaster, publisher, and educator. Today, BiggerPockets is the premier real estate investing website online with . But this was awesome Josh, thank you so much for your time. And particularly, I think the most stressful part was, I was by myself, to your point. Josh Dorkin Bootstrapped BiggerPockets to a Big Exit And Im. And you are in Hawaii now, right? There had been ups, there had been downs. I mean, I went up against tremendous opposition. I hope to share that journey with you all via this blog, and perhaps through other forms like video or a podcast. Dan Daugherty: Yeah, I mean, lets start from the very beginning. If thats the case, figure out what you need to do to change. I recommend it to everyone. How do I hire? Thanks. 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. I was teaching high school in Los Angeles. And if you want to grow and thrive, you have to become seriously adept at it. 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. In the early years, that was mostly strangers, as most of my friends thought I was nuts, but the coolest part is that today, many of those strangers are my closest friends.Finally, if youre dreaming about starting some crazy idea - whether it be a small business, a startup, a real estate investment, or anything else, I encourage you to take a chance.Life is too short to life without taking some risks.And no one wants to live a life full of regrets.Besides, youll never know if that hobby or idea can become a success if you never give it any real effort.