I doubt it. For us, it manifested in my little girl becoming neck down paralized amongst other things. And then I go through and Im like, all right, where am I crappy in each one of these things? 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. And anything thats stressing me out, you absolutely have to dissect it, and then figure out what the root cause is and that opens up everything else because then you figure out ways, again, Ill use the term operationalize it, is because then it allows you to leverage different tools, maybe you have to delegate more, maybe you dont have to respond within an hour of every single email that comes in, whatever it might be. But its so easy for us to try and ignore things and hopefully itll go away. 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. What you may not know is Joshua's journey in founding, building, scaling, and finally leaving BiggerPockets. Like dont keep doing things that make you miserable. But, you know, I now have a formula on how do I get rid of them. Julie was in California and I was home alone with the girls. Josh, thank you for coming on the show. What you may not know is Joshuas journey in founding, building, scaling, and finally leaving BiggerPockets. But yeah, just finding different ways to tweak the way youre doing things, right, if what youre doing personally with your family, and Ive also done that. 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. And so I think for a very long time I ran my life, you know, moment to moment and its through conversations with folks like Brandon, you know, lots of, Ive got some good friends who think real deeply, to reading a lot, reading a lot, listening to some, you know, thought leaders in various spaces, you know, my transformation really, I think began from the moment of that I went to my wife, year eight of the company, and I was in tears. 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. Many of you already know my story, but it is always a privilege to have the opportunity to share it with other entrepreneurs in person, at events, and of course, via podcast conversations. There were personality clashes, bad hires, and everything else you could imagine. 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 daughters medical emergency. Thanks. They live in Grays Harbor, Wash. 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. 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, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. 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. Right? So, you know, being willing and open to change and being dynamic, I think is one of the most important things. It's time to stop just thinking, talking, or dreaming about the future real estate investing can give you. Weve replaced iced teas, sodas and juices with water in the last decade, and rarely, if ever will I drink alcohol. 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. %PDF-1.6 % Given the choice, I decided to pivot and change course. 5280 Publishing, Inc. 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. 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. 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. You know, you can work remote, you can do everything remote these days. 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. He was the longtime co-host of The BiggerPockets Podcast, and he's the author of seven books that have sold more than a million copies combined. I kept this pace up for over 8 years . 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. So there you go. I move daily and if not for some nagging injuries, try to get in intensive workouts 5 days a week. 28 Jan 2023 08:21:40 q=q >s@U8F qNU +HrQ-&pp9Q#b5H8kz{04rs~PRdyC 14Z'= :O+OIQG{^[gFN28JR`9X, r cvhwc61@S*JL1M$d|H8v:Rp= sE) Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, and educator. 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. You know what, Im going to get a fitness watch, and Im going to walk 10,000 steps a day. Not the way I wanted to spend my Saturday . I mean, the very first early years, you know, I had very little support outside of my wife, you know. 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. Why I left BiggerPockets is a little more complicated. Startup / real estate investor. As a father, this is what Im excited to see happen for my kids soon, and as an entrepreneur, I cant imagine being more proud than building something amazing that can live on beyond me like BiggerPockets has done. 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. 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. Well, the reality is, we are all running out of time. We were all about trying to help people build wealth, learn how to build wealth through real estate investing. There had been ups, there had been downs. So first phase, I call it like that hobby phase. 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. Here youll have a chance to follow me via this blog and to explore the ideas, products, services, books and many other things that influence me. Sarahbeth Maney is a Washington, D.C.-based photojournalist and a photography fellow for The New York Times. Josh tells his story of wanting to quit, having 3 nervous breakdowns, and eventually selling to a private equity company. This caused a shift in Joshuas reality, so he dropped everything. And yeah, so were here. 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. What regrets does he hold? Josh Dorkin: No, thanks, man, I appreciate it. But, yeah, no, its been a very, very long journey. \"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. 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. [j:^h%m-dm0 \G/#f?IXv\I:$W2i|IO]K}3R+_D_P{_zZ`uu I\bY]_|[ J'|#W} t_g%=5+nnsN@ W ~xSf&+|r i44u{]Im|0S>gX}^jK9$m0BR8Y]?\fry5l |E~x7~'&xa PE""X WHr;.7=1k And particularly, I think the most stressful part was, I was by myself, to your point. What are you waiting for? And, you know, were in a position where we have an opportunity to do something like this, like, do it. This book provides a comprehensive overview of real estate investing strategies whether buy and hold to short-term rental and everything in between. I mean, whatever it is. Yeah. But, you know, I think the key was just persevering through those in order to come out at the end. Josh Dorkin: Man, so Ive started and stopped the book probably 50 times. Weve climbed mountains, traveled, explored and journeyed, surfed, skied and have never stopped seeking out a full and rich life. You know, we started producing video, we created podcasts, we created books, you know, we wanted to be where the listeners and viewers were versus thinking, hey, theyre going to come to us. And so, for example, one of the core values of Bigger Pockets is family above all else. And so, you know, its a serious decision to raise money or not to raise money. But this was awesome Josh, thank you so much for your time. 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. 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. Is it impressing other people? Is it all the hustle and grind? 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. 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. I always wanted to kind of be here, be oh, I used to call bi-coastal, would be like New York and Cali. You know, we were living pretty tight on what we were making, where we were, as you know, Denvers not inexpensive. This was not like, something that everybodys like, Oh, this is going to be the greatest thing since sliced bread. As Founder and CEO of BiggerPockets, I created the vision and strategy for the business and bootstrapped the company until . "I would get calls from my buddies who would literally call me. Denver, Colorado, United States. They have grown to be one of the largest and most reputable real estate community on the Internet with a forum that has over 900,000 posts! So, I thought there had to be a better way. And I mean, even when Brandon was hired, it sounds like you were able to take a step back, look at a much bigger strategic view from a business perspective that accelerated growth. Today, I think its a sign of necessity and strength, to be self-aware enough to know. But the problem is, none of this goes away. And I was helping other people get rich, and I was broke.\"\r\r Dorkin spent the next 8 years working mostly as a one-man operation as he tried to monetize a fledgling website.\r\r \"We were struggling and scrapping by on every AdSense check that we could collect,\" Dorkin says. If thats the case, figure out what you need to do to change. 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 hopefully, you know, hopefully, somebody listening takes something away from it, I, you know, entrepreneurship is challenging, its really, its really, really tough. 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. I get to advise Scott and the current leadership team alongside some incredible partners. But I got to this point where Id just run myself ragged, really, you know, stupidly worked way, way, way, way too hard. And but yeah, thats what Ive been up to. Oct 2004 - Nov 201814 years 2 months. His wife and three daughters wouldn't take too kindly to sharing their space. And you know, continue to love Bigger Pockets and love how its impacting peoples lives. and they hold the #1 real estate podcast on iTunes. For those of you that are truly curious, wait no longer . And I guess, you know, if you dont mind me throwing this in there, you know, if you raised money, or if you bootstrap, you know, its fighting for exit is, I think, one way to run a business, I think the other way to run a business is fighting to create an amazing business. 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? Dan Daugherty: And you have that almost daily and you have to have that type of growth mindset. I was making money, but I was still ready, you know, that desperate to just get out.

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