JOSH DORKIN: But it gave me the time to really think about life. 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. And instead of working on the business, I was working in the business exclusively. 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/. Explorer. 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. I realized that like, thats not healthy, you know, its healthy to be balanced, its healthy to spend time with downtime and so, you know, tried to create operating manuals around that, you know, eventually that became like, my Wednesdays, you know, in the year, call it year and a half leading to the exit, my Wednesdays, I didnt go into work. My secret plan to make the girls fans is working! Where else can we dive into this? And so, for example, one of the core values of Bigger Pockets is family above all else. This ultimately led to me having several panic attacks which really should have been a sign to step back. You know, I felt like, something needed to change for me personally. (BTW - Ill certainly talk more about working on a business at another time). All rights reserved. Originally from the Bay Area in California, she studied photojournalism at San . . 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. And, you know, I think theres a lot of people who are willing to. You know, we are not residents yet, you know, were doing our trial balloon now so to speak. Josh Dorkin: So you know, weve always wanted to come to Hawaii. Dan Daugherty: Welcome to this episode of The Big exit. After two years, I quit my teaching job, got married, moved to Colorado and began working full time on BiggerPockets. I really enjoyed the conversation. I was happy to have three amazing children, food on the table, and a safe place to live. 1065 episodes totalling 1002 hours, 17 minutes. Ive used that technique, and that has helped me dramatically. This book provides a comprehensive overview of real estate investing strategies whether buy and hold to short-term rental and everything in between. We all KNOW what we need to do, but more often than not we let our fear of the unkno. What's my secret? Shopping these days is just a little less fun. I was teaching high school in Los Angeles. I you know, I think another way of saying is, you know, putting yourself in a position to dot dot dot. Josh tells his story of wanting to quit, having 3 nervous breakdowns, and eventually selling to a private equity company. 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. For those of you who don't know Josh, Josh is the founder of BiggerPockets.com. I didnt have a co-founder, I didnt have any partners. 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! From a life experience, it sounds like youre doing the same thing. Yeah. I want to, I listened to experts on it. And really, quite frankly, I did not do a good job of understanding when Im depressed, or who to call, if Im depressed. These facts can either break you or teach you that you simply have no control of things beyond yourself. And so, you know, its a serious decision to raise money or not to raise money. And not difficult. If you're not satisfied with your purchase, you can return your book for a full refund within 30 days. So, you know, the decision was, do I raise money? The company is one that I founded almost 18 years ago and left back in November 2018. 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 put on my headset and Id walk around the neighborhood and I easily got my 10,000 steps. Given the choice, I decided to pivot and change course. Right? Heres your host, Dan Daugherty. Mind you, in order to survive in business, the pivot is one of your most powerful tools. 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. You got to deal with them. Then I got a little nauseous and dizzy with a very minor headache. Why I left BiggerPockets is a little more complicated. 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 mean, you know, would somebody have diagnosed me with clinical depression? 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. and what what happen if things went wrong. It was just another thing I needed to do. Wednesday was about thinking, networking and not doing. Touch device users, explore by touch or with swipe gestures. Second phase was when I took it serious, quit my job and really spent all my time on it. And, you know, so I take those moments when they come to me and I try and take bold steps when they come. . 4.6 208 Ratings; $11.99; Listen $11.99; Listen . Cool. We're confident in the quality of our books. 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. Im on the board. 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. Is it impressing other people? 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. 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. Life is short, you know, you dont know what can happen tomorrow. We build tools, our content, our social presence. And so we said, hey. There had been ups, there had been downs. And so as we were going through this situation with my daughter, little by little she was getting better. \\ + endstream endobj 99 0 obj <>stream 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. 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. And so I, you know, on the side, nights and weekends, while teaching, for the first two years, just started building this platform. What you may not know is Joshuas journey in founding, building, scaling, and finally leaving BiggerPockets. I felt trapped. And my idea, you know, was one where, you know, VCs and angels thought it didnt have a chance. So what I started doing, I was spending hours and hours on the phone every day, constantly and thats part of my job, right? They checked my blood, my heart, my eyes, and did a CT with contrast of my head and neck to check my brain and blood vessels. . Find which one works best for you, your resources, and your goals. 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: And you have that almost daily and you have to have that type of growth mindset. Lets just do it. 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. One final question. 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.' It was a lot to manage and with it came all the headaches that come with growth. Dan Daugherty interviews Josh Dorkin who founded BiggerPockets in his living room with $12 bucks. Instead of getting my hands dirty building product or testing some new landing page or campaign, I was overssing someone else that was. You know, I want to learn how to be happy. Is that true? 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. They have got a new book coming out this Thursday called How To Invest In Real Estate. be helpful, you know, seek out advisors in your field and you know, work towards it. 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. What do I do? Not a magic formula. 27 quotes from Joshua Dorkin: 'Today I get 100 times more done with 100 times less effort. And that goes into to do lists. I mean, the very first early years, you know, I had very little support outside of my wife, you know. 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 . serendipitous mindset, but you also need to understand who you are. Dan Daugherty: Yeah, I mean, lets start from the very beginning. And particularly, I think the most stressful part was, I was by myself, to your point. Josh Dorkin: Man, so Ive started and stopped the book probably 50 times. Thanks. Looking back, Im reminded of the following from the incredible Hamilton. Joshua Dorkin is the founder and former CEO of BiggerPockets, launched on October 22, 2004. So, I looked at our total budget for the project, made some adjustments, grabbed some floor and wall tile for the newly conceptualized (on the fly in my head) shower and went on my way. 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. But I just got caught up in the details, I got caught up in every little detail. This led to massive burnout and I came very close to quitting and shutting everything down. Standard economy shipping is always FREE, but you can upgrade if you'd like to receive your book faster. Horrifyingly scary, where I was in my, in the office and I broke down and just I was in tears. 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. But thats OK. Hes still well on his way to becoming a mogul just less Donald Trump and more Rupert Murdoch. And look, we get to go and you know, go out on the beach and not be near people. 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. 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). 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. Well, the reality is, we are all running out of time. You know, we cant ignore SEO, we cant ignore these things. It was excruciatingly slow and frustrating, but we never let up. You know, what are you doing and deal with that situation. I was making money. We have a guy named Josh Dorkin. Well, what do you need to do to change it? BiggerPockets has also added a publishing arm, which released Set For Life on April 23just in time for the height of house-hunting season. Brandon Turner & Joshua Dorkin. 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. Dan Daugherty: Ah, I love that. 28 Jan 2023 08:21:40 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. Why I left BiggerPockets is a little more complicated. 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. But I wanted to be healthier. What you may not know is Joshua's journey in founding, building, scaling, and finally leaving BiggerPockets. the health, for example, instead of like, hey, I need to lose weight. He was wrong. Here youll have a chance to follow me via this blog and to explore the ideas, products, services, books and many other things that influence me. The content-rich chapters and corresponding stories of real estate investors give you guidance from the top real estate pros. Accept the New Rules of Life or Suffer in Misery. We needed to get this done and time was not on our side. So, in 2004, Dorkin launched BiggerPockets, a website for real estate investors to ask and answer each others questionslike a Reddit for property owners. Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, and educator. Maybe not crazier than moving to California to dive deeper into the entertainment business, but I digressWhile I struggled for quite a long time before the business really took off, I was able to live my life on my own terms. You are also, obviously Bigger Pockets continues to grow, still the top everything, the community, the podcast. Almost a lifetime ago - 18 years today - I officially marked the founding of BiggerPocketsStarting a hobby website while working as a full time teacher was one thing.Two years later taking the risk to quit my job to become a full time startup founder was the craziest and smartest thing I ever did. Because, man 2020, nobody feels good anymore, man, we dont feel good anymore. I could still make things out, but barely. This keynote speech goes deep into what really matters most. Welcome to the Big Exit, where we discuss startup acquisitions with the founders who lived it. Plus, he doesnt own any rental properties outright anymore, simply because BiggerPockets requires too much of his attention. 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. Where are you spending all of your money? So, I thought there had to be a better way. But instead of sitting in my office talking on the phone, every phone call that I had was a walking call. And yeah, so were here. And in order to do that, we were going to have to penny pinch at home because my wife was not working. Thanks, Josh. And, you know, were in a position where we have an opportunity to do something like this, like, do it. Josh Dorkin: Absolutely. 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. This keynote speech goes deep into what really matters most. Every purchase comes with free bonus content: How to Invest in Real Estatewill catapult you 510 years ahead of where you are now. This caused a shift in Joshua's reality, so. They suspected some kind of migraine, and cleared me of all the really scary stuff. And inevitably, you know, I really struggled through those difficult times. w !1AQaq"2B #3Rbr Lifes too short, man. 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. Make sure youre doing everything you can to live your best life. No. But COVID hit, and we got sick in March and it was, you know, it was tough and I was very, very, very sick. I was kind of tired, I was kind of ready for the next thing. 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 taught myself how to code a number of years before back in college, and just started to run with it. We launched a book business. I thought I was having a heart attack. How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started is written by Brandon Turner; Joshua Dorkin and published by BiggerPockets. Came to be ready to quit and like told my wife, hey, Im ready to sell the business. For locals, by locals. k cG-t} And that ended up it was probably like eight years of grind, that is not healthy at all. 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. Horrifying, scary. Post close, I joined the board of directors, but no longer was involved in the day to day decision making at the company. We were all about trying to help people build wealth, learn how to build wealth through real estate investing. When autocomplete results are available use up and down arrows to review and enter to go to the desired page. 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. Highly recommended!" Nat Borchers, retired pro athlete, 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. You know, thats, surprisingly a significant boost to your health. 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. I built at my own pace and designed a business with a mission and values that were important to me. . Press the space key then arrow keys to make a selection. I had a budget and time crunch, and was not going to be able to get what I needed on budget or in time. And, you know, my goal was to figure out how do I get myself, how do I change things? Joshua Dorkin Oct 2016 Mar 2021. Josh Dorkin: No, thanks, man, I appreciate it. In 2006, Brandon Turner got married to Heather. Everything came back clear and they released me. Dont get me wrong - I used to stress about EVERYTHING. I hope to share that journey with you all via this blog, and perhaps through other forms like video or a podcast. 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 But, you know, I now have a formula on how do I get rid of them. I was already working 40 hours a week at least on Bigger Pockets in those first two years. (Where the hell have you been Josh?!? We launched amazing products like the podcast, which today is still one of the top 10 business shows in the world. 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.
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