very much oversimplifying it. 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. But I look at the cycle as a multi stage cycle. For returns, refunds, or the status of your order, you can contact. 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. How One of the Largest Real Estate Communities was Built? with Joshua So the operating manual was how do I go from unhappy to happy. So what I started doing, I was spending hours and hours on the phone every day, constantly and thats part of my job, right? But I got to this point where Id just run myself ragged, really, you know, stupidly worked way, way, way, way too hard. 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. Well, the reality is, we are all running out of time. But yeah, I mean, there were down periods, dark periods. . Joshua Dorkin is the founder and former CEO of BiggerPockets, launched on October 22, 2004. And you know, the kids can go out and do physical stuff. I remember you and I met, it must have been like, what, when did you found bigger pockets? But, yeah, no, its been a very, very long journey. (BTW - Ill certainly talk more about working on a business at another time). We engaged an investment bank, initiated a process, and ultimately found ourselves at a successful deal with our aforementioned partners. 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. And look, we get to go and you know, go out on the beach and not be near people. I dont know, maybe, if I get some encouragement from my friends Ill do it. And lifes too short, man. I didnt take calls. Rethinking my decision to leave Wordpress. The company, by the way, is the largest real estate investing media company and community out there. 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. In November 2017 one of my daughters went through a terrible trauma that was initiated by a surgery - something called conversion disorder. And so, you know, its a serious decision to raise money or not to raise money. Josh Dorkin's Blog BiggerPockets Turns 18 Years Old! So there you go. 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. 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. 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. Wednesday was about thinking, networking and not doing. 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. This book provides a comprehensive overview of real estate investing strategies whether buy and hold to short-term rental and everything in between. 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. Horrifying, scary. What do I do? But you know, we were living off the business and it was very scary to go and take on debt because Im very conservative financially, fiscally. Plus, he doesn't own any rental properties outright anymore, simply because BiggerPockets requires too much of his attention. And not difficult. 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. 40.3K subscribers Thirteen years ago, Joshua Dorkin's friends teased him about starting a website that seemed to have no future. And please share this article so more people can learn about this amazing program. I you know, I think another way of saying is, you know, putting yourself in a position to dot dot dot. You know what, Im going to get a fitness watch, and Im going to walk 10,000 steps a day. We launched amazing products like the podcast, which today is still one of the top 10 business shows in the world. And that had to stop too. Josh Dorkin: Absolutely. Everything came back clear and they released me. For those of you that are truly curious, wait no longer . 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. . But I, you know, theres so many books out there. 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. 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. We were all about trying to help people build wealth, learn how to build wealth through real estate investing. I hope to share that journey with you all via this blog, and perhaps through other forms like video or a podcast. I learned to stop being a cadet and start being a general.', 'life is too short to be stuck in a job you hate. I eat well - seriously cutting back on sugars, eating lots of fruits and vegetables. The book teaches readers how to limit spending while increasing income by using techniques like house hacking: buying a multifamily property, such as a duplex, and living in one unit while renting out the other(s). Host Joshua Dorkin is an entrepreneur, most notably the Founder & former CEO of BiggerPockets. And I had to step away, I had to step away from the company, in order to take care of my family. You know, dont keep doing things that keep you super stressed out. His vision for the site and its future brought national press attention to both Mr. Dorkin and to BiggerPockets. Find which one works best for you, your resources . Sitting alone in my hospital bed, all I could think about was my girls, Julie, and the rest of my family . We've all felt scared about doing that big thing we've dreamed of doing. Our friend had come over to help out and I was going to rest while she watched the girls. 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. She drove me and dropped me at the door of the ER and I spent the next 4+ hours getting tested. 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 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. 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. Choosing a selection results in a full page refresh. Make sure youre doing everything you can to live your best life. But Ive definitely drafted an outline. Highly recommended!" Nat Borchers, retired pro athlete, 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. 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 so I, you know, on the side, nights and weekends, while teaching, for the first two years, just started building this platform. So I know how to do it, I just, I dont know, Im torn. 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. 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. 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 that really matters is our families, our health, and our happiness. 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. Youre operationalizing your life and that has allowed you to kind of be more open. Lets do it. Problems dont go away. But this was awesome Josh, thank you so much for your time. https://www.biggerpockets.com/show421Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin. Because, man 2020, nobody feels good anymore, man, we dont feel good anymore. Just work, keep working, be dynamic, pivot and you know, a lot of luck out there. 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. Stop making excuses and focus on those things as your priority because in an instant it can all be over. Unlike most traditional real estate books, this one wont tell you there is one secret path to real estate success. So we made the decision that we would start and hire one person who could lighten the load for me. I was in tears, I was just miserable. I mean, the very first early years, you know, I had very little support outside of my wife, you know. Meet Denver's New Real Estate Mogul, The Creator of BiggerPockets I know far too many people who live the non-stop life and many, if not most, are unhappy. Joshua Dorkin is the founder of BiggerPockets, as well as a serial entrepreneur, investor, podcaster, publisher, and educator. Given the choice, I decided to pivot and change course. So, in 2004, Dorkin launched BiggerPockets, a website for real estate investors to ask and answer each others questionslike a Reddit for property owners. 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. You know, what are you doing and deal with that situation. And so once you start tackling them, its amazing how your load gets lighter and lighter and lighter. 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. 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. You need to change your diet, you need to do some exercise. Twitter View on Twitter. Colorado, working ridiculous hours in my basement, I ended up meeting you, of course, and just kept going and going for six more years, until I was ready to throw in the towel. Joshua Dorkin (@jrdorkin) Instagram photos and videos Copyright 2019 Joshua Dorkin. . 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. They have got a new book coming out this Thursday called How To Invest In Real Estate. One final question. He was wrong. Not a magic formula. And everybodys at each others throats and stressed and tense. 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. But I wanted to be healthier. 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. For locals, by locals. Adventurer. I LOVED the first few years of hiring and scaling. When I founded the company I was teaching full time at a special ed high school in the Los Angeles area. Mr. Dorkin's vision for BiggerPockets helped to propel it into becoming one of the top real estate destinations online. But that's OK. 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. Ive always followed the same mantra - work hard, hustle, grind. 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. 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. Star Wars: The High Republic: Light of the Jedi. Family Over Everything: BP Founder Joshua Dorkin on - YouTube We launched a book business. Be there for your families. A lot of people can at least. . Weve cut down on meat, and work hard to avoid the tempting desserts and snacks I used to be addicted to. 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. Have you had additional clarity from just taking a step back? There were personality clashes, bad hires, and everything else you could imagine. Yeah. } !1AQa"q2#BR$3br And its made it so Im a hell of a lot happier. 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. And in order to do that, we were going to have to penny pinch at home because my wife was not working. I was kind of tired, I was kind of ready for the next thing. A thought experiment My daughter posed the following question: It is raining outside at a constant rate. I thought I was having a heart attack. I realized that like, thats not healthy. Growing BiggerPockets From 0 to 870k Members, with Joshua Dorkin It's time to stop just thinking, talking, or dreaming about the future real estate investing can give you. 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. http://biggerpockets.com/moneyshow42Real estate is a hot topic right now, and who better to talk about the subject than BiggerPockets founder Joshua Dorkin a. Josh Dorkin's Blog - Joshua Dorkin