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You know, you can work remote, you can do everything remote these days. 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? Brandon Turner is an author, entrepreneur, and active real estate investor with more than 1,000 rental units under his belt. Denver, CO 80202. I thought I was having a heart attack. You know, dont keep doing things that keep you super stressed out. 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. This keynote speech goes deep into what really matters most. You know, these little things allowed me to continue to work, do my job and stay healthy at the exact same time. I created this site in 2004 to create a place where investors could learn, network, market and make deals in a safe online environment. And you are in Hawaii now, right? And so, back in 04 I was living in Los Angeles, I was teaching special ED high school. 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 Why I left BiggerPockets is a little more complicated. If you dont take the time to find moments for yourself - moments to be present with the world around you, you might be missing some of the best opportunities for personal happiness. But thats OK. Hes still well on his way to becoming a mogul just less Donald Trump and more Rupert Murdoch. The Local newsletter is your free, daily guide to life in Colorado. Like dont keep doing things that make you miserable. I realized that like, thats not healthy. Its fantastic. "Dorkin and Turner have really laid out a clear, straight-to-the-point guide to achieving success through real estate investing. I had time to wonder, time to wander, and time to contemplate my life and my happiness. 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. 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. Dan Daugherty interviews Josh Dorkin who founded BiggerPockets in his living room with $12 bucks. 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. 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. Well, what do you need to do to change it? Im 43 and I know Im not a kid anymore. Nearly 30 people work out of the companys RiNo office. Weve climbed mountains, traveled, explored and journeyed, surfed, skied and have never stopped seeking out a full and rich life. 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. Given the choice, I decided to pivot and change course. Instead of getting my hands dirty building product or testing some new landing page or campaign, I was overssing someone else that was. 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. We always wanted to be, you know, in Hawaii and Colorado. Your In-Depth Guide to the Best Golf Courses Around Denver, Six Bizarre Majors That Will Actually Get You A Job In Colorado, How Trumps Executive Orders Are Affecting Refugees In Lakewood, The Best Ski Run at (Almost) Every Mountain in Colorado, Advertising and Sponsorship Opportunities. Where else can we dive into this? It was just another thing I needed to do. Post close, I joined the board of directors, but no longer was involved in the day to day decision making at the company. 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. . very much oversimplifying it. 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. Dan Daugherty: That is, as you know, I have two little ones of my own and that is, that changes everything, and Im glad that you priorities that over anything else. Where previously competitors were weary of one another, we helped people learn that coopetition was a better model - one where people could compete AND cooperate for mutual benefit. I mean, you know, super, super stressful periods. Let me know what you think and please share this if you find it valuable! \"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. Joshua Dorkin, Brandon Turner. Josh Dorkin: Absolutely. I choose to deal with them as they come using logic and working through like I would any game or problem. You need to change your diet, you need to do some exercise. It was a hard decision for Joshua to leave, but thanks to his amazing team, he was able to (even during a time of tribulation in his personal life).Youll hear how Joshua was cranking out 100 hour weeks, working 7 straight days, for the first 6 years of BiggerPockets existence. vMs=+C>xZ_/>iZg>XA~! 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. 27 quotes from Joshua Dorkin: 'Today I get 100 times more done with 100 times less effort. I coasted through the store with the ease of a professional, choosing items that would look great together and which would stand the test of time. But I, you know, theres so many books out there. Fear of change or of taking risks by changing course has sunk far too many businesses. Josh Dorkin: Well, if you put it that way, it sounds pretty good. 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? ). So, you know, being willing and open to change and being dynamic, I think is one of the most important things. But Ive definitely drafted an outline. And that goes into to do lists. 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. BiggerPockets founder Joshua Dorkin and Brandon Turner from the BiggerPockets Real Estate Investing podcast. . So I want the opposite. Dan Daugherty: Welcome to this episode of The Big exit. This caused a shift in Joshua's reality, so. Right? 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. Shipping rates vary depending on location. 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. Originally from the Bay Area in California, she studied photojournalism at San . Josh Dorkin: Man, so Ive started and stopped the book probably 50 times. 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. 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. 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. 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. Bye. I kind of just glazed over it and just put my head down into work, so I didnt feel depressed anymore. . Josh Dorkin and Brandon Turner - longtime hosts of the world's number-one real estate podcast, The BiggerPockets Podcast - give you an insider's look at the many different niches and strategies that exist. They suspected some kind of migraine, and cleared me of all the really scary stuff. I taught myself how to code a number of years before back in college, and just started to run with it. I really enjoyed the conversation. Not the way I wanted to spend my Saturday . If thats the case, figure out what you need to do to change and the big challenge I think most people have is thats so big and tenuous, like, what do I do? This ultimately led to me having several panic attacks which really should have been a sign to step back. be helpful, you know, seek out advisors in your field and you know, work towards it. 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, 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. So there you go. 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. Is it all the material stuff? Today, BiggerPockets has grown to more than 870,000 members. 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. You know, we were living pretty tight on what we were making, where we were, as you know, Denvers not inexpensive. . Josh Dorkin: No, thanks, man, I appreciate it. Theres so much. So the operating manual was how do I go from unhappy to happy. And so I, you know, on the side, nights and weekends, while teaching, for the first two years, just started building this platform. So first phase, I call it like that hobby phase. Dont get me wrong - I used to stress about EVERYTHING. Once I realized this, I instantly knew what I had to do. But cool, you know, and you move from drinks to water, you start losing weight. What are the things that I need to do to be better within all these personal domains? The content-rich chapters and corresponding stories of real estate investors give you guidance from the top real estate pros. 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. Dan Daugherty: How long have you been in Hawaii with the family? Josh Dorkin and Brandon Turnerlongtime hosts of the world's #1 real estate podcast, . Thanks. And the company was profitable. I get to advise Scott and the current leadership team alongside some incredible partners. 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. Shopping these days is just a little less fun. I didnt take calls. Yeah. I move daily and if not for some nagging injuries, try to get in intensive workouts 5 days a week. 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. 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. Josh Dorkin: I thought I was having a heart attack. 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. And you know, continue to love Bigger Pockets and love how its impacting peoples lives. q=q >s@U8F qNU +HrQ-&pp9Q#b5H8kz{04rs~PRdyC 14Z'= :O+OIQG{^[gFN28JR`9X, r cvhwc61@S*JL1M$d|H8v:Rp= sE) I was happy to have three amazing children, food on the table, and a safe place to live. 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. Rethinking my decision to leave Wordpress. 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. And so yeah, that becomes stressful. . The Hobby that Turned into a Lifestyle Business When I founded the company I was teaching full time at a special ed high school in the Los Angeles area. You are also, obviously Bigger Pockets continues to grow, still the top everything, the community, the podcast. Lifes too short, man. 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? (BTW - Ill certainly talk more about working on a business at another time). Ive used that technique, and that has helped me dramatically. 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. And but yeah, thats what Ive been up to. I realized that over the past fourteen years as CEO and sole founder of BiggerPockets, I sought out success, fame, fortune and accolades, as most people do, but despite achieving all of those things, I just wasnt fully happy. These facts can either break you or teach you that you simply have no control of things beyond yourself. But you know, looking to make that a little more official. But its so easy for us to try and ignore things and hopefully itll go away. serendipitous mindset, but you also need to understand who you are. Every purchase comes with free bonus content: How to Invest in Real Estatewill catapult you 510 years ahead of where you are now. 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. And lifes too short, man. many things and create so many threats, and theres got to be a better way. 1675 Larimer St. Did you feel, I mean, Im sure you had lots of times where you just wanted to quit or push through. Ill argue that all of that stuff is bullshit. And so I think that mindset is exceptionally important. We grew the community. JoshuaDorkin.com linktr.ee/jrdorkin Posts Reels Videos Tagged Show More Posts from jrdorkin I recommend it to everyone. And so we spent weeks going through the business, realize that we had, you know, created a product that was a little overly bloated, there was you know, wed built too much, too many features. I hope to share that journey with you all via this blog, and perhaps through other forms like video or a podcast. I felt trapped. And the platform itself, your business, whatever it is, is not going to be able to blossom. You know, we cant ignore SEO, we cant ignore these things. All rights reserved. I had never, I hadnt invested another penny in. 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. Joshua Dorkin didnt have to go to Trump University to learn a difficult lesson about real estate investing. 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). $4%&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz ? 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. And after about two years, I quit my job teaching and I went full time. But its fantastic. \\ + endstream endobj 99 0 obj <>stream 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. Star Wars: Thrawn Trilogy From a life experience, it sounds like youre doing the same thing. You know, I didnt know if I needed to take an ambulance to the hospital. 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. Ive always followed the same mantra - work hard, hustle, grind. In 2006, Brandon Turner got married to Heather. I was no longer happy as CEO of my own company. 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. What do I do? Joshua Dorkin is the founder of BiggerPockets, as well as a serial entrepreneur, investor, podcaster, publisher, and educator. . And so, for example, one of the core values of Bigger Pockets is family above all else. Today, I think its a sign of necessity and strength, to be self-aware enough to know. 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. The company is one that I founded almost 18 years ago and left back in November 2018. I mean, you know, would somebody have diagnosed me with clinical depression? Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, and educator. I cant really describe in words what everything looked like, but it didnt feel right. But yeah, I mean, there were down periods, dark periods. 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 . 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. Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin. But, fast forward to where we are today and shes fully physically functional. When autocomplete results are available use up and down arrows to review and enter to go to the desired page. 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. Find which one works best for you, your resources . My secret plan to make the girls fans is working! Knowing it wouldnt be wise to drive, I called 911 and a full squad of firemen and paramedics came to visit. No, very few people do exactly what you just said and thats actually something that I do as well, I break it out. I was teaching high school in Los Angeles. Its unlikely. I began to feel hopeful and knew at some point wed all be able to move on - no matter the outcome. How do we do this better than everybody else? And I immediately thought of you, because youve bootstrapped Bigger Pockets from I remember your Washington Park house where we met to really a multi-million dollar organization. I dont know, maybe, if I get some encouragement from my friends Ill do it. 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. 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. And from a bootstrap perspective, you know, bootstrapping, you have a lot less support than you do when you raise money. 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. The days of building product, building community, marketing, growth hacking and being creative were replaced with days managing people. Author. And if you want to grow and thrive, you have to become seriously adept at it. Thank you so much, Josh, I want to have you on again. 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. Wednesday was about thinking, networking and not doing. Star Wars: Thrawn. JFIF ,, C 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. 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. 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. 4.6 208 Ratings; $11.99; Listen $11.99; Listen . So we made the decision that we would start and hire one person who could lighten the load for me. 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. You know, dont keep doing things that keep you super stressed out. For locals, by locals. 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. 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. Im on the board. 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, like any entrepreneurial story, lots of ups, lots of downs. I mean, nights, weekends, you name it, seven days a week. Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin. 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%. My strategy was to first pick out the easy items like toilet, vanity, towel bars and hooks, followed by choosing flooring, and finally finding a pre-fab shower that we could just drop in. I put on my headset and Id walk around the neighborhood and I easily got my 10,000 steps. 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. What you may not know is Joshua's journey in founding, building, scaling, and finally leaving BiggerPockets. 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. Brandon Turner & Joshua Dorkin. Josh Dorkin: Absolutely. Sign up today! His vision for the site and its future brought national press attention to both Mr. Dorkin and to BiggerPockets. 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. Fast forward to yesterday, I had some of those symptoms. 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. Well, the reality is, we are all running out of time. Then I got a little nauseous and dizzy with a very minor headache. x337R0 B],s@(PH(Y 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. Like, dont do, keep doing things that make you miserable. As you know, Im like a scrawny dude. Thinker. 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. And I think the way you live your life, and your happiness is going to be determined by your outlook on that. I was making money, but I was still ready, you know, that desperate to just get out. I take care of myself. It's time to start doing And this book will show you exactly where to start! 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 Was it 2009? We've all felt scared about doing that big thing we've dreamed of doing. 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. Copyright 2019 Joshua Dorkin. But this was awesome Josh, thank you so much for your time. 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.