I was already working 40 hours a week at least on Bigger Pockets in those first two years. You know, I felt like, something needed to change for me personally. doesn't own much property. 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. The content-rich chapters and corresponding stories of real estate investors give you guidance from the top real estate pros. But I got to this point where Id just run myself ragged, really, you know, stupidly worked way, way, way, way too hard. Save up to 80% versus print by going digital with VitalSource. 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. Today, BiggerPockets is the premier real estate investing website online with . 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. 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. So, I thought there had to be a better way. This book provides a comprehensive overview of real estate investing strategies whether buy and hold to short-term rental and everything in between. 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. All things Colorado delivered straight to your inbox. What are you waiting for? I mean, you know, super, super stressful periods. Like dont keep doing things that make you miserable. Josh Dorkin: Absolutely. 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. Im your host, Dan Daugherty and today I have a good friend, Josh Dorkin, who is the founder and former CEO of Bigger Pockets. And look, we get to go and you know, go out on the beach and not be near people. 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 This caused a shift in Joshua's reality, so he dropped everything. Or just shut it down. Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, and educator. Then I got a little nauseous and dizzy with a very minor headache. Sitting alone in my hospital bed, all I could think about was my girls, Julie, and the rest of my family . 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. So, you know, the decision was, do I raise money? Lets just do it. 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 from a bootstrap perspective, you know, bootstrapping, you have a lot less support than you do when you raise money. This tip will teach you how to be a philanthropist (for free) every time you shop on Amazon. The Local newsletter is your free, daily guide to life in Colorado. Just work, keep working, be dynamic, pivot and you know, a lot of luck out there. It's time to start doing And this book will show you exactly where to start! \"The business really wasn't making serious money for probably getting close to a decade.\"\r\r The story has a happy ending. Start shopping! 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. Josh Dorkin's Blog BiggerPockets Turns 18 Years Old! Josh Dorkin: Yeah, yeah, I think for me, the book, The One Thing by Gary Keller and Jay Papasan, was one of the most impactful in just, you know, helping me kind of break things down. For locals, by locals. I really enjoyed the conversation. I mean, I went up against tremendous opposition. The Digital and eTextbook ISBNs for How to Invest in Real Estate are 9781947200050, 1947200054 and the print ISBNs are 9780997584707, 099758470X. 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 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. Check it out below and hopefully you learn not only a little more about me, but you also pick up some tidbits about business, entrepreneurship, work-life balance, family, and important time-management habits. Our friend had come over to help out and I was going to rest while she watched the girls. 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. 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. We all KNOW what we need to do, but more often than not we let our fear of the unkno. Amazon donates 0.5% of the price of your eligible AmazonSmile purchases to the charitable organization of your choice.. I mean, you know, you want me to just take it from the beginning or? Denver, CO 80202. 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. Keep in mind that full time in this case means 80-100 hours a week, with no days off, no vacations, no respit. 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. A thought experiment My daughter posed the following question: It is raining outside at a constant rate. Dan Daugherty: I just might, well, offline, lets catch up, because maybe theres something we can do together. +TYKqXLfsid| But Im not currently on it. Stop making excuses and focus on those things as your priority because in an instant it can all be over. When I founded the company I was teaching full time at a special ed high school in the Los Angeles area. Ive used that technique, and that has helped me dramatically. I hope to share that journey with you all via this blog, and perhaps through other forms like video or a podcast. Of course I was happy to have an amazing loving family and a successful business. All rights reserved. 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. 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. Oct 2004 - Nov 201814 years 2 months. Josh Dorkin: I thought I was having a heart attack. Let me know what you think and please share this if you find it valuable! Absolutely. Dont get me wrong - I used to stress about EVERYTHING. Like, I mean, you wouldnt know the difference between her and any other kid. 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. What you may not know is Joshuas journey in founding, building, scaling, and finally leaving BiggerPockets. In my case, the two things most searched are my net worth and why I left BiggerPockets. . 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). 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 Dan Daugherty: Well said. 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. In my case, the two things most searched are my net worth and why I left BiggerPockets. Is it impressing other people? And so thinking about the things you go through, look, we all go through good stuff and we all go through bad stuff. 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. many things and create so many threats, and theres got to be a better way. Mr. Dorkin's vision for BiggerPockets helped to propel it into becoming one of the top real estate destinations online. And everybodys at each others throats and stressed and tense. Wednesday was about thinking, networking and not doing. Horrifying, scary. You know, theres just the, I mean, its everywhere, right? I was no longer happy as CEO of my own company. Fast forward to yesterday, I had some of those symptoms. You know, like any entrepreneurial story, lots of ups, lots of downs. 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. This caused a shift in Joshua's reality, so. (Where the hell have you been Josh?!? 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 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. Twitter View on Twitter. Make sure youre doing everything you can to live your best life. the health, for example, instead of like, hey, I need to lose weight. Do I hire? 4.6 208 Ratings; $11.99; Listen $11.99; Listen . 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. Thinker. And then I go through and Im like, all right, where am I crappy in each one of these things? Find which one works best for you, your resources, and your goals. We've all felt scared about doing that big thing we've dreamed of doing. Dan Daugherty: Welcome to this episode of The Big exit. We needed to get this done and time was not on our side. I cant really describe in words what everything looked like, but it didnt feel right. We build tools, our content, our social presence. Highly recommended!" Nat Borchers, retired pro athlete, And you know, the kids can go out and do physical stuff. Not the way I wanted to spend my Saturday . . A few months back I had the blurry thing, but without the other stuff, and of course, went to visit Dr. Google. Dan Daugherty: Yeah, theres no shortage of chaos in the startup world and those that cannot adapt to change will inevitably fail and close shop. Quotes "I believe 100% in putting all my eggs in one basket. 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. Where are you spending all of your money? The real estate industry is huge, and often complicated, but this book clears away the fog and uncertainty in a fun, easy-to-read manner. 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. C X" Josh Dorkin: Absolutely. 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. I think its one of the top hundred podcasts in the world, give or take. You know what, Im going to get a fitness watch, and Im going to walk 10,000 steps a day. I began to feel hopeful and knew at some point wed all be able to move on - no matter the outcome. Joshua Dorkin Public figure Father. But cool, you know, and you move from drinks to water, you start losing weight. 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. And in order to do that, we were going to have to penny pinch at home because my wife was not working. I was making money. Is this going to be, is this the prelude to a book? Dan Daugherty interviews Josh Dorkin who founded BiggerPockets in his living room with $12 bucks. So what I started doing, I was spending hours and hours on the phone every day, constantly and thats part of my job, right? Dan Daugherty: And well, first off, Im so happy that your daughter is healthy now. Looking back, Im reminded of the following from the incredible Hamilton. Ive always followed the same mantra - work hard, hustle, grind. I dont know, you know, I certainly have my own unique and distinct perspective, like anyone else. 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. Why I left BiggerPockets is a little more complicated. I dont know, maybe, if I get some encouragement from my friends Ill do it. 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. JoshuaDorkin.com linktr.ee/jrdorkin Posts Reels Videos Tagged Show More Posts from jrdorkin Problems dont go away. vMs=+C>xZ_/>iZg>XA~! But instead of sitting in my office talking on the phone, every phone call that I had was a walking call. Josh Dorkin: So you know, weve always wanted to come to Hawaii. They have got a new book coming out this Thursday called How To Invest In Real Estate. That was all I was allowed to do on Wednesday. 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 Im, you know, Im trying to figure out whats next, you know, looking at ideas. 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. What's my secret? . Originally from the Bay Area in California, she studied photojournalism at San . It was brutal. For those of you that are truly curious, wait no longer . When autocomplete results are available use up and down arrows to review and enter to go to the desired page. It was a blast, but by year 12, 13, 14 my job changed. 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 know, dont keep doing things that keep you super stressed out. 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. Its unlikely. Brandon Turner & Joshua Dorkin. Suite 675 Plus, he doesn't own any rental properties outright anymore, simply because BiggerPockets requires too much of his attention. Joshua Dorkin is the founder and former CEO of BiggerPockets, launched on October 22, 2004. And I didnt want, I just didnt want to do that. But 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. 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. You know, these little things allowed me to continue to work, do my job and stay healthy at the exact same time. This terrifying situation broke us, but didnt defeat us. 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. Explorer. After coming up short, Joshua decided to take matters into his own hands and start his own website. 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. 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.