The Digital and eTextbook ISBNs for How to Invest in Real Estate are 9781947200050, 1947200054 and the print ISBNs are 9780997584707, 099758470X. I realized that like, thats not healthy. How do I hire? 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. We came to Hawaii, weve been here since July. Joshua Dorkin Dec 2015 Mar 2021. In this conversation. 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. 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. Our gut answer is run, because you get wet from above and front. Highly recommended!" Nat Borchers, retired pro athlete, And after about two years, I quit my job teaching and I went full time. I was making money. I dont know, you know, I certainly have my own unique and distinct perspective, like anyone else. 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 . and they hold the #1 real estate podcast on iTunes. 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. In November 2017 one of my daughters went through a terrible trauma that was initiated by a surgery - something called conversion disorder. We always wanted to be, you know, in Hawaii and Colorado. The two of them promised me that they would take care of the company in my absense and they certainly did that and I am of course, eternally grateful. Rethinking my decision to leave Wordpress. But, fast forward to where we are today and shes fully physically functional. She drove me and dropped me at the door of the ER and I spent the next 4+ hours getting tested. Knowing it wouldnt be wise to drive, I called 911 and a full squad of firemen and paramedics came to visit. \\ + endstream endobj 99 0 obj <>stream Choosing a selection results in a full page refresh. Josh tells his story of wanting to quit, having 3 nervous breakdowns, and eventually selling to a private equity company. Of course, it took many more months of work and ultimately several years for her to get back to 100%, but with time, energy, an amazing team, and unlimited love, she has since fully recovered from the incident. It was excruciatingly slow and frustrating, but we never let up. And the platform itself, your business, whatever it is, is not going to be able to blossom. Josh Dorkin: Absolutely. But its so easy for us to try and ignore things and hopefully itll go away. This book provides a comprehensive overview of real estate investing strategies whether buy and hold to short-term rental and everything in between. Right? You know what, Im going to get a fitness watch, and Im going to walk 10,000 steps a day. 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. You know, I felt like, something needed to change for me personally. 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. 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. Join us today to talk about real estate investing and specifically how to get started. Thats a really weird thing to say, especially since I loved the company. And the platform itself, your business, whatever it is, is not going to be able to blossom. Joshua, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. And, you know, Ive, you know, when I get back into it, you know, occasionally I give it a kick start. 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. very much oversimplifying it. Is it impressing other people? Brandon Turner is an author, entrepreneur, and active real estate investor with more than 1,000 rental units under his belt. Suite 675 Weve replaced iced teas, sodas and juices with water in the last decade, and rarely, if ever will I drink alcohol. He convinced a slew of real estate players, such as veteran house-flippers and rental-property investors, to contribute their know-how to BiggerPockets educational blog; added a marketplace for lenders and others to pitch their services; and installed analytic tools such as a calculator that crunches everything from local property taxes to vacancy rates to determine whether that split-level ranch will make for a profitable rental investment. 5280 Publishing, Inc. Thanks, Josh. Im 43 and I know Im not a kid anymore. Why I left BiggerPockets is a little more complicated. Where am I good in each of these things? 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. 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 . And so, you know, its a serious decision to raise money or not to raise money. I LOVED the first few years of hiring and scaling. 40.3K subscribers Thirteen years ago, Joshua Dorkin's friends teased him about starting a website that seemed to have no future. It is always interesting to see what kind of things come up when you search for yourself online. The content-rich chapters and corresponding stories of real estate investors give you guidance from the top real estate pros. Theres a lot of, you know, Colorado just, you know, still a lot of chaos. So I want the opposite. I move daily and if not for some nagging injuries, try to get in intensive workouts 5 days a week. Instead, it dives into dozens of unique, life-changing quests and is packed with more than forty real-life stories of how real estate investors are finding success in todays economy. Star Wars: Thrawn Trilogy Keep in mind that full time in this case means 80-100 hours a week, with no days off, no vacations, no respit. 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. But just know that theres guys out there like me and Dan and, you know, countless other people whove tried it, whove been through it. In my case, the two things most searched are my net worth and why I left BiggerPockets. I kind of just glazed over it and just put my head down into work, so I didnt feel depressed anymore. Weve climbed mountains, traveled, explored and journeyed, surfed, skied and have never stopped seeking out a full and rich life. 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. And so I think that mindset is exceptionally important. . And so, for example, one of the core values of Bigger Pockets is family above all else. 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. Find which one works best for you, your resources, and your goals. Is this going to be, is this the prelude to a book? 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. Did you feel, I mean, Im sure you had lots of times where you just wanted to quit or push through. So what I started doing, I was spending hours and hours on the phone every day, constantly and thats part of my job, right? The list of accomplishments goes on and on, but with this growth came the need to hire, and that we did. I wasnt, however, happy with what I had spent my time doing. . We are all faced with challenges as we go through our lives and they can either break us or just be another thing we deal with. Right? something that I used to think gave me hustle street cred, but today I realize was just a formula for burnout. A lot of people can at least. 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. 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.' We launched a book business. And I realized that I was unhappy. I mean, the very first early years, you know, I had very little support outside of my wife, you know. Plus, he doesn't own any rental properties outright anymore, simply because BiggerPockets requires too much of his attention. Unlike most traditional real estate books, this one wont tell you there is one secret path to real estate success. Find which one works best for you, your resources . We engaged an investment bank, initiated a process, and ultimately found ourselves at a successful deal with our aforementioned partners. And I did it without freaking out or getting stressed because doing so doesnt help. Second phase was when I took it serious, quit my job and really spent all my time on it. Dorkin, 41, wont be hacking houses anytime soon. Bye. I was in tears, I was just miserable. I was happy to have three amazing children, food on the table, and a safe place to live. 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. It was time for me to step down, bring in partners, and move on from the day to day running BiggerPockets. Dan Daugherty: How long have you been in Hawaii with the family? So I hired a consultant and he came in and we looked over the business. We build tools, our content, our social presence. When I started Bigger Pockets it was, I was teaching special ed. I learned to stop being a cadet and start being a general.', 'life is too short to be stuck in a job you hate. 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. But you know, looking to make that a little more official. A thought experiment My daughter posed the following question: It is raining outside at a constant rate. You know, I got a standing desk instead of a sitting desk, you know, then I started to add one on one meetings, you know, when I had one on one meetings, instead of doing it at a restaurant or coffee, or sitting down in the office, they would be walking meetings. Be there for your families. So hired a guy named Brandon Turner, he, some of you listening may know him, hes still the co-host of the Bigger Pockets podcast. Verified account Protected Tweets @; Suggested users And so, back in 04 I was living in Los Angeles, I was teaching special ED high school. %PDF-1.6 % And in that time, I realized that I wasnt as happy as I wanted to be running the business. Doing so otherwise would leave me a nervous wreck. Given the choice, I decided to pivot and change course. 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. hbbd`b`ab`gb`\ '11d; Z endstream endobj startxref 0 %%EOF 101 0 obj <>stream This tip will teach you how to be a philanthropist (for free) every time you shop on Amazon. I taught myself how to code a number of years before back in college, and just started to run with it. Let me know what you think and please share this if you find it valuable! 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. q=q >s@U8F qNU +HrQ-&pp9Q#b5H8kz{04rs~PRdyC 14Z'= :O+OIQG{^[gFN28JR`9X, r cvhwc61@S*JL1M$d|H8v:Rp= sE) 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 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. Knowing I was in for a long visit to Home Depot yesterday, I made sure I had my list together and set out to pick up all the materials I needed to renovate our guest bathroom. Fast forward to yesterday, I had some of those symptoms. As Founder and CEO of BiggerPockets, I created the vision and strategy for the business and bootstrapped the company until . Is it all the material stuff? 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. 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. Dan Daugherty: I just might, well, offline, lets catch up, because maybe theres something we can do together. Post close, I joined the board of directors, but no longer was involved in the day to day decision making at the company. 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. I easily felt better. } !1AQa"q2#BR$3br Today, BiggerPockets has grown to more than 870,000 members. And hopefully, you know, hopefully, somebody listening takes something away from it, I, you know, entrepreneurship is challenging, its really, its really, really tough. 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. 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 I look at the cycle as a multi stage cycle. 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. No. Ill argue that all of that stuff is bullshit. . I want to, I listened to experts on it. And Im, you know, Im trying to figure out whats next, you know, looking at ideas. In all three cases, my wife was able to kind of talk me down and calm me and you know, but it was like, you know, stress, right, stress and I think we humans just internalize so. If thats the case, figure out what you need to do to change. Problems dont go away. Oct 2004 - Nov 201814 years 2 months. 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. 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. (Where the hell have you been Josh?!? 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 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%. So, you know, the decision was, do I raise money? And so that ultimately led to diversification of the business. &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~ I didnt, you know, if there was emergencies, youd deal with it, but like, that was it, that was what that day was about. And it can be significantly helpful, but I want to press upon anybody whos thinking about it to just recognize that its not something to take lightly. You know, thats, surprisingly a significant boost to your health. We needed to get this done and time was not on our side. I didnt take calls. Amazon donates 0.5% of the price of your eligible AmazonSmile purchases to the charitable organization of your choice.. I was no longer happy as CEO of my own company. 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. Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin. many things and create so many threats, and theres got to be a better way. You know, we are not residents yet, you know, were doing our trial balloon now so to speak. Josh Dorkin and Brandon Turnerlongtime hosts of the world's #1 real estate podcast, . But Ive broken kind of everything in my life down in these terms. . I didnt have a co-founder, I didnt have any partners. This led to massive burnout and I came very close to quitting and shutting everything down. . vMs=+C>xZ_/>iZg>XA~! All that really matters is our families, our health, and our happiness. 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. Lets do it. And I suppose if I had enough people saying, Yeah, Josh, you should do it, for sure, I might jump at it. be helpful, you know, seek out advisors in your field and you know, work towards it. 27 quotes from Joshua Dorkin: 'Today I get 100 times more done with 100 times less effort. Dan Daugherty interviews Josh Dorkin who founded BiggerPockets in his living room with $12 bucks. And so we said, hey. 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? My secret plan to make the girls fans is working! Joshua Dorkin didnt have to go to Trump University to learn a difficult lesson about real estate investing. unit you let me know well do it whenever. Sitting alone in my hospital bed, all I could think about was my girls, Julie, and the rest of my family . When autocomplete results are available use up and down arrows to review and enter to go to the desired page. The company is one that I founded almost 18 years ago and left back in November 2018. Yesterday that reality came a little too close for comfort for me. His wife and three daughters wouldnt take too kindly to sharing their space. And yeah, so were here. 1675 Larimer St. Josh, thank you for coming on the show. Genealogy profile for Joshua Dorkin Joshua Dorkin (1843 - 1914) - Genealogy Genealogy for Joshua Dorkin (1843 - 1914) family tree on Geni, with over 230 million profiles of ancestors and living relatives. %&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz I mean, you know, super, super stressful periods. Because, man 2020, nobody feels good anymore, man, we dont feel good anymore. In my case, the two things most searched are my net worth and why I left BiggerPockets. Theres so much. But time and life experience has taught me that doing so only makes my health, relationships, and happiness far worse. On show 313 of the BiggerPockets Podcast, we interviewed Jesse Itzler and what most struck me was our conversation about how short and precious life really is. Save up to 80% versus print by going digital with VitalSource. But its fantastic. And the company was profitable. We were all about trying to help people build wealth, learn how to build wealth through real estate investing. And Im. But then I, you know, just went balls to the wall, so to speak, and, you know, was doing 80 to 100 hours, trying to build this thing out. Shopping these days is just a little less fun. I think its one of the top hundred podcasts in the world, give or take. 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. 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/. The days of building product, building community, marketing, growth hacking and being creative were replaced with days managing people. He was wrong. And I think far too many people get caught up in that, well, you know, Im going to build a business to get to an exit. And lets dive in. 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. After coming up short, Joshua decided to take matters into his own hands and start his own website. 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. 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. Its fabulous. And, you know, I think theres a lot of people who are willing to. We took power from those who made information inaccessable by opening the doors and making sure real estate investing knowledge was free.Over the years, the mission to democratize knowledge so anyone, anywhere, regardless of income, education, age, or any other demographic, could learn to build wealth, has resulted in countless lives being changed for the better.Not only have we helped individual investors around the country and work, but weve moved markets.Ive always wanted to calculate the actual economic impact of the business - Im sure the true number would blow everyones minds.