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. Josh Dorkin: Man, so Ive started and stopped the book probably 50 times. What lessons did he learn along the way? But I got to this point where Id just run myself ragged, really, you know, stupidly worked way, way, way, way too hard. 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. 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. Dan Daugherty: How long have you been in Hawaii with the family? Why do you write like youre running out of time?Write day and night like youre running out of time?Evry day you fight, like youre running out of time. In 2006, Brandon Turner got married to Heather. Nearly 30 people work out of the companys RiNo office. I put on my headset and Id walk around the neighborhood and I easily got my 10,000 steps. Joshua Dorkin, Brandon Turner. very much oversimplifying it. But, you know, I think the key was just persevering through those in order to come out at the end. I got through it, thank goodness, and, again, it was another one of those moments for us where were like, you know, what are we doing? He started BiggerPockets to help democratize the real estate investing landscape for himself and others, aiming to make it . w !1AQaq"2B #3Rbr The political upheaval, the COVID chaos. Find which one works best for you, your resources . . But Joshua Dorkin is creating an online empire. Purchases from the BiggerPockets Bookstore can only ship within the United States. I had never, I hadnt invested another penny in. 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. A lot of people can at least. C X" I realized that like, thats not healthy. All things Colorado delivered straight to your inbox. Heres your host, Dan Daugherty. 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. One final question. 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. 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. Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, and educator. But instead of sitting in my office talking on the phone, every phone call that I had was a walking call. On October 28, 2015, the couple released a book named "The Book on Managing Rental Properties." Children In May 2016, they welcomed a daughter, named Rosie. something that I used to think gave me hustle street cred, but today I realize was just a formula for burnout. Our gut answer is run, because you get wet from above and front. 1065 episodes totalling 1002 hours, 17 minutes. Joshua, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. . 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. As always, I charged on despite my body and subconscious screaming as loud as possible to stop. . 4.6 208 Ratings; $11.99; Listen $11.99; Listen . I could still make things out, but barely. 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. 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. Josh, thank you for coming on the show. Its fabulous. Many of you may know him and he's someone who's going through a whole bunch of transitions in his life, both personally and professionally. 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. How do we do this better than everybody else? 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. 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. There are few things worse than seeing your child suffer and this period was easily the worst of my life. And, you know, my goal was to figure out how do I get myself, how do I change things? 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. 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. 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. 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. 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. Well, the reality is, we are all running out of time. Yeah, yeah. I cant really describe in words what everything looked like, but it didnt feel right. Where am I good in each of these things? Absolutely. Our friend had come over to help out and I was going to rest while she watched the girls. 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 in that stage, I moved to. You know, I couldnt breathe. Mind you, in order to survive in business, the pivot is one of your most powerful tools. It was excruciatingly slow and frustrating, but we never let up. Yeah. 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. Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin. And come 2007, I went through this very difficult personal time, one of my kids had a medical trauma that led to some really scary stuff, a paralysis in a nine year old. 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. And so thats what I do in my book, and I literally will break all these mega tasks into little micro steps. Josh Dorkin: Absolutely. . I learned that the sudden eye blur thing could be a sign of a stroke, but I believed it needed to come along with other symptoms. We grew the platform and its offerings. 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. You know, thats, surprisingly a significant boost to your health. Brandon Turner & Joshua Dorkin. Amazon donates 0.5% of the price of your eligible AmazonSmile purchases to the charitable organization of your choice.. I mean, you know, super, super stressful periods. As you know, Im like a scrawny dude. 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. It was a blast, but by year 12, 13, 14 my job changed. And particularly, I think the most stressful part was, I was by myself, to your point. I created this site in 2004 to create a place where investors could learn, network, market and make deals in a safe online environment. } !1AQa"q2#BR$3br And, you know, Ive, you know, when I get back into it, you know, occasionally I give it a kick start. 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? But I wanted to be healthier. So I want the opposite. 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. 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 . Joshua Dorkin is the founder and former CEO of BiggerPockets, launched on October 22, 2004. 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. You know, we cant ignore SEO, we cant ignore these things. But cool, you know, and you move from drinks to water, you start losing weight. serendipitous mindset, but you also need to understand who you are. 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. I began to feel hopeful and knew at some point wed all be able to move on - no matter the outcome. Not a magic formula. Why I left BiggerPockets is a little more complicated. They live in Grays Harbor, Wash. Josh is also host of the BiggerPockets Podcast (80 million . Copyright 2019 Joshua Dorkin. Dan Daugherty interviews Josh Dorkin who founded BiggerPockets in his living room with $12 bucks. 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. The Local newsletter is your free, daily guide to life in Colorado. You know, these little things allowed me to continue to work, do my job and stay healthy at the exact same time. But its fantastic. Explorer. And so we said, hey. I know far too many people who live the non-stop life and many, if not most, are unhappy. I kind of just glazed over it and just put my head down into work, so I didnt feel depressed anymore. Joshua Dorkin Oct 2016 Mar 2021. In my case, the two things most searched are my net worth and why I left BiggerPockets. We were all about trying to help people build wealth, learn how to build wealth through real estate investing. And yeah, so were here. But thats OK. Hes still well on his way to becoming a mogul just less Donald Trump and more Rupert Murdoch. 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. What are you waiting for? "Dorkin and Turner have really laid out a clear, straight-to-the-point guide to achieving success through real estate investing. Horrifying, scary. And I did it without freaking out or getting stressed because doing so doesnt help. A few months back I had the blurry thing, but without the other stuff, and of course, went to visit Dr. Google. I choose to deal with them as they come using logic and working through like I would any game or problem. . 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. When autocomplete results are available use up and down arrows to review and enter to go to the desired page. So, you know, the decision was, do I raise money? Weve cut down on meat, and work hard to avoid the tempting desserts and snacks I used to be addicted to. Suite 675 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. 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? And I had to step away, I had to step away from the company, in order to take care of my family. Joshua Dorkin Public figure Father. He tried to solve his problems by reading real estate how-to manuals, but they made no mention of the real-life issues landlords facelike what to do when someone cuts a three-foot hole in the kitchen floor. Dan Daugherty: And well, first off, Im so happy that your daughter is healthy now. Thank you for the stories and the insights and the tips. 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. 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, you know, getting to exit, getting close to the finish line, so to speak is an absolutely incredible feeling and I wish it upon, you know, all the entrepreneurs out there. You know, I was in an industry where there were entrenched interests that wanted me destroyed from the get go. I remember you and I met, it must have been like, what, when did you found bigger pockets? But Ive broken kind of everything in my life down in these terms. Do what you need to do to find your happiness. 40.3K subscribers Thirteen years ago, Joshua Dorkin's friends teased him about starting a website that seemed to have no future. \"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. But he came in and was instrumental to advancing the business. 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. unit you let me know well do it whenever. And you know, continue to love Bigger Pockets and love how its impacting peoples lives. Josh Dorkin: I thought I was having a heart attack. This keynote speech goes deep into what really matters most. My excitement for the company and brand never waned, but I really stopped loving going in to work, but didnt know it. 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. COVID you know, your kid gets sick. Press the space key then arrow keys to make a selection. 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? Star Wars: Thrawn Trilogy So there you go. Dan Daugherty: Thats right. But that's OK. 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. This caused a shift in Joshua's reality, so he dropped everything. From a life experience, it sounds like youre doing the same thing. What do you do when somebody is ripping the copper piping out of your vacant unit? Choose a career that makes you excited to wake up in the morning, energized through the day, and content when you fall asleep at night.', and 'remember: provide value.' And what advice would he share with other aspiring online entrepreneurs?\r\r We don't talk about real estate investing in today's episode. 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. 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. ChatGPT disagrees (see image) What say you? 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. Instead of getting my hands dirty building product or testing some new landing page or campaign, I was overssing someone else that was. Where are you spending all of your money? It's time to stop just thinking, talking, or dreaming about the future real estate investing can give you. 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. 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. Thank you so much, Josh, I want to have you on again. Julie was in California and I was home alone with the girls. 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. I easily felt better. Most people do what they can to help others out, and I wanted to share a little tip along those lines that I dont think a lot of people are familiar with. So what I started doing, I was spending hours and hours on the phone every day, constantly and thats part of my job, right? 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. Why I left BiggerPockets is a little more complicated. I kept this pace up for over 8 years . 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. And that ended up it was probably like eight years of grind, that is not healthy at all. Is it all the material stuff? When I founded the company I was teaching full time at a special ed high school in the Los Angeles area. On Pivoting and Maintaining Control of Everything, Finding That Moment of Time Each Day to Live and Be Present, The Evolution of Business: From Bootstrap to Semi-Retired (Video), How to Support Your Favorite Charities (for Free) Every Time You Shop on Amazon, 50% change youre shopping there once a week, The Return . 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. Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, and educator. Came to be ready to quit and like told my wife, hey, Im ready to sell the business. %&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz hbbd`b`ab`gb`\ '11d; Z endstream endobj startxref 0 %%EOF 101 0 obj <>stream 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. We needed to get this done and time was not on our side. I had a budget and time crunch, and was not going to be able to get what I needed on budget or in time. Im on the board. I doubt it. 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. These facts can either break you or teach you that you simply have no control of things beyond yourself. Denver, Colorado, United States. But I just got caught up in the details, I got caught up in every little detail. Today, I think its a sign of necessity and strength, to be self-aware enough to know. 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. Today I think its a sign of necessity and strength. And you know, the kids can go out and do physical stuff. I need to move more, cool. And I think the way you live your life, and your happiness is going to be determined by your outlook on that. Now I take it as it comes, pivot as needed, use a little logic and thinking to get me through the problems, and go about my day - using my energy and brain power for the things that really matter instead of suffering through perseverating about everything all the time. And the platform itself, your business, whatever it is, is not going to be able to blossom. So give me give me the motivation and Ill get out there and do it. You know, what are you doing and deal with that situation. I was happy to have three amazing children, food on the table, and a safe place to live. Is this going to be, is this the prelude to a book? 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. 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. Just work, keep working, be dynamic, pivot and you know, a lot of luck out there. . 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. 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. The blur lasted a little less than 10 minutes, but after that, my eyes just felt funny. Not the way I wanted to spend my Saturday . 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. Brett Jurgens Talks About Building and Selling Notion to Comcast. Josh Dorkin's Blog BiggerPockets Turns 18 Years Old! 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? She drove me and dropped me at the door of the ER and I spent the next 4+ hours getting tested. Like you cant find that and all that was out there were communities, forums, but they were all kind of tied to or in cahoots with I call them the gurus, the get rich quick crowd. His wife and three daughters wouldn't take too kindly to sharing their space. In my case, the two things most searched are my net worth and why I left BiggerPockets. I still get a lot of my great information from the community and the network. 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. And my idea, you know, was one where, you know, VCs and angels thought it didnt have a chance. Like, dont do, keep doing things that make you miserable. Oct 2004 - Nov 201814 years 2 months. His vision for the site and its future brought national press attention to both Mr. Dorkin and to BiggerPockets. +(((Bp3G' $('4 )GNh!NA< But COVID hit, and we got sick in March and it was, you know, it was tough and I was very, very, very sick. Right? 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. 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. Some people dont see that, its almost like when you get a new car, and then you start seeing other similar cars that are the same color that you never saw before. Be there for your families. 04 Mar 2023 02:14:54 I dont know, you know, I certainly have my own unique and distinct perspective, like anyone else. I wish it would touch more on farmland and syndications a little more but those could be considered more niches. 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. Dan Daugherty: All right. If you're not satisfied with your purchase, you can return your book for a full refund within 30 days. My secret plan to make the girls fans is working! But Im not currently on it. I didnt have a co-founder, I didnt have any partners. In November 2017 one of my daughters went through a terrible trauma that was initiated by a surgery - something called conversion disorder. Find which one works best for you, your resources, and your goals. Josh Dorkin and Brandon Turnerlongtime hosts of the world's #1 real estate podcast, . I mean, I went up against tremendous opposition. Sitting alone in my hospital bed, all I could think about was my girls, Julie, and the rest of my family . I really enjoyed the conversation. Weve climbed mountains, traveled, explored and journeyed, surfed, skied and have never stopped seeking out a full and rich life. q=q >s@U8F qNU +HrQ-&pp9Q#b5H8kz{04rs~PRdyC 14Z'= :O+OIQG{^[gFN28JR`9X, r cvhwc61@S*JL1M$d|H8v:Rp= sE) Brandon Turner is an author, entrepreneur, and active real estate investor with more than 1,000 rental units under his belt. And but yeah, thats what Ive been up to. We all KNOW what we need to do, but more often than not we let our fear of the unkno. Instead, Joshua and I focus on the harsh realities of growing an digital empire.\r\r Enjoy!\r\r \u0026nbsp;\r\r You can find more information in the show notes at http://podcast.affordanything.com/episode99 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. 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 in that time, I realized that I wasnt as happy as I wanted to be running the business. This keynote speech goes deep into what really matters most. 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. This led to massive burnout and I came very close to quitting and shutting everything down. So we made the decision that we would start and hire one person who could lighten the load for me. Life is short, you know, you dont know what can happen tomorrow. ). Quotes "I believe 100% in putting all my eggs in one basket. You know, I felt like, something needed to change for me personally. Ive used that technique, and that has helped me dramatically. We launched amazing products like the podcast, which today is still one of the top 10 business shows in the world. We always wanted to be, you know, in Hawaii and Colorado. It is always interesting to see what kind of things come up when you search for yourself online.

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