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And lifes too short, man. And lets dive in. And so, back in 04 I was living in Los Angeles, I was teaching special ED high school. And so you can freak out and flip out, or you can say, all right, you know, what, they made this tweak, what could we do better? 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. In 2006, Brandon Turner got married to Heather. And really, quite frankly, I did not do a good job of understanding when Im depressed, or who to call, if Im depressed. Brandon Turner is an author, entrepreneur, and active real estate investor with more than 1,000 rental units under his belt. Is it all the hustle and grind? What you may not know is Joshuas journey in founding, building, scaling, and finally leaving BiggerPockets. 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. But did you, were you ever really depressed at all? So the operating manual was how do I go from unhappy to happy. \\ + endstream endobj 99 0 obj <>stream And inevitably, you know, I really struggled through those difficult times. I had time to wonder, time to wander, and time to contemplate my life and my happiness. We engaged an investment bank, initiated a process, and ultimately found ourselves at a successful deal with our aforementioned partners. Oct 2004 - Nov 201814 years 2 months. And I realized that I was unhappy. Josh Dorkin's Blog - Joshua Dorkin . But its so easy for us to try and ignore things and hopefully itll go away. Originally from the Bay Area in California, she studied photojournalism at San . Mr. Dorkin's vision for BiggerPockets helped to propel it into becoming one of the top real estate destinations online. 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. You know, like any entrepreneurial story, lots of ups, lots of downs. Adventurer. I need to move more, cool. But, you know, I think the key was just persevering through those in order to come out at the end. And in order to do that, we were going to have to penny pinch at home because my wife was not working. Thank you so much, Josh, I want to have you on again. And you are in Hawaii now, right? 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. But this was awesome Josh, thank you so much for your time. Horrifyingly scary, where I was in my, in the office and I broke down and just I was in tears. Thinker. . In my case, the two things most searched are my net worth and why I left BiggerPockets. Do what you need to do to find your happiness. 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. Weve replaced iced teas, sodas and juices with water in the last decade, and rarely, if ever will I drink alcohol. q=q >s@U8F qNU +HrQ-&pp9Q#b5H8kz{04rs~PRdyC 14Z'= :O+OIQG{^[gFN28JR`9X, r cvhwc61@S*JL1M$d|H8v:Rp= sE) Dorkin, 41, won't be hacking houses anytime soon. I LOVED the first few years of hiring and scaling. Where are you spending all of your money? 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. There are few things worse than seeing your child suffer and this period was easily the worst of my life. So, I thought there had to be a better way. because I felt that I had to succeed, and because in reality, I was STUCK IN MY BUSINESS instead of working ON MY BUSINESS. 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. BiggerPockets has also added a publishing arm, which released Set For Life on April 23just in time for the height of house-hunting season. All that really matters is our families, our health, and our happiness. And you know, continue to love Bigger Pockets and love how its impacting peoples lives. This was not like, something that everybodys like, Oh, this is going to be the greatest thing since sliced bread. You know, we are not residents yet, you know, were doing our trial balloon now so to speak. Dan Daugherty: How long have you been in Hawaii with the family? And everybodys at each others throats and stressed and tense. 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. I know far too many people who live the non-stop life and many, if not most, are unhappy. Stop making excuses and focus on those things as your priority because in an instant it can all be over. Where am I good in each of these things? Joshua Dorkin is the founder of BiggerPockets, as well as a serial entrepreneur, investor, podcaster, publisher, and educator. Dan Daugherty interviews Josh Dorkin who founded BiggerPockets in his living room with $12 bucks. But time and life experience has taught me that doing so only makes my health, relationships, and happiness far worse. What lessons did he learn along the way? 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. Today, BiggerPockets is the premier real estate investing website online with . Sign up today! Books Authored by Joshua Dorkin Joshua Dorkin, Brandon Turner. The site became so successful that in 2013, BiggerPockets, which had been a one-man show, began hiring employees to support a bevy of new products. 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. Is that true? Overnighted packages might take a week or so if youre lucky, standard mail might take weeks, and trying to get a package from the mainland - well, hold on - that might be 2-3 months. All rights reserved. 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. "Dorkin and Turner have really laid out a clear, straight-to-the-point guide to achieving success through real estate investing. be helpful, you know, seek out advisors in your field and you know, work towards it. JFIF ,, C Thanks. \"The business really wasn't making serious money for probably getting close to a decade.\"\r\r The story has a happy ending. So I hired a consultant and he came in and we looked over the business. doesn't own much property. 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. What's my secret? I always wanted to kind of be here, be oh, I used to call bi-coastal, would be like New York and Cali. 1065 episodes totalling 1002 hours, 17 minutes. 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. COVID you know, your kid gets sick. Everyone knows real estate investing can be a powerful way to build wealth and achieve true financial freedombut because each persons journey is different, knowing the first steps to take can be challenging. 421: Family Over Everything: How Life Forced BP Founder Joshua Dorkin 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. You Know What To Do | A Motivational Message To Entrepreneurs by Joshua } !1AQa"q2#BR$3br It was brutal. The blur lasted a little less than 10 minutes, but after that, my eyes just felt funny. I was happy to have three amazing children, food on the table, and a safe place to live. Quotes "I believe 100% in putting all my eggs in one basket. 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. But Im not currently on 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. Joshua R. Dorkin - Crunchbase Person Profile 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. 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. 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. But, yeah, no, its been a very, very long journey. 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. But, you know, I now have a formula on how do I get rid of them. Just Released: Two NEW BiggerPockets Books to Help You Build Wealth Through Rental Investing . You know, these little things allowed me to continue to work, do my job and stay healthy at the exact same time. Star Wars: The High Republic: Light of the Jedi. ChatGPT disagrees (see image) What say you? 28 Jan 2023 08:21:40 Why I left BiggerPockets is a little more complicated. This tip will teach you how to be a philanthropist (for free) every time you shop on Amazon. (Where the hell have you been Josh?!? I eat well - seriously cutting back on sugars, eating lots of fruits and vegetables. And so, you know, its a serious decision to raise money or not to raise money. What you may not know is Joshua's journey in founding, building, scaling, and finally leaving BiggerPockets. Many of you know how I worked almost 8 years without taking a single day off because of this mentality . Given the choice, I decided to pivot and change course. 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.