A career as a professional athlete is exciting, and if you’re among the best, you can make a lot of money in a short amount of time. But what do you do when your career is over?
Dan Brisse was a professional snowboarder for over a decade, participating in the X Games four times and winning gold twice. But he noticed that older pros were suffering as their careers wound down, struggling financially and in their personal lives.
And that inspired Dan to make his money work for him with multifamily real estate.
Today, Dan is the cofounder of Granite Towers Equity Group, cohost of the Keeping It Real Estate Podcast and coauthor of 4 Steps to Successful Passive Investing. He and his partner, Mike, are GPs in 1,414 units worth $74M across five states, and he owns another 589 units as a passive investor.
On this episode of Financial Freedom with Real Estate Investing, Dan joins cohost Garrett Lynch and me to discuss his transition from snowboarding to real estate and describe the steps he took to become a multifamily investor.
Dan explains how his investing strategy has evolved over time, encouraging us to seek out a high-level mentor early on and avoid shiny object syndrome.
Listen in for insight around the values alignment that makes Dan and Mike’s partnership work and learn how to make the leap from YOUR current career to full-time real estate investing.
The pros and cons of a career in snowboarding
- ‘Trick high,’ earn up to $2M if one of top guys
- Injury and travel once started family
Why Dan got into real estate investing
- Older snowboarders suffering at end of career
- Maintain freedom with passive income
What inspired Dan to pursue real estate
- Introduced to idea of ESBI in Rich Dad…
- Desire to control own destiny
The first steps Dan took to become an investor
- Get educated through books on multifamily
- Hire high-level personal mentor
- Invest in small deals with own money
What compelled Dan to make offers on his first deals
- Snowboarding career coming to end
- Action required to maintain freedom
Dan’s approach to taking money from friends and family
- Blunt about fact that numbers are projections
- Describe investing as risk we take together
How Dan’s investing strategy has evolved over time
- Start off doing small deals with own money
- Now focus on >100-unit value-add syndications
- Underwriting more conservative today
How Dan and his partner Mike define their roles
- Dan specializes in relationships and vision
- Mike focuses on numbers, underwriting
What makes Dan and Mike’s partnership work
- Open communication, mutual respect
- Alignment of values on money
What Dan would do differently if he could start over
- Get deeper training from mentor earlier
- Take massive action
Dan’s advice for aspiring multifamily investors
- Get educated (learn by investing passively)
- Be willing to put own money in deals
Connect with Dan Brisse
Email [email protected]
Email [email protected]