Real Estate Underground
Real Estate Underground
Ed Mathews
From X Games Gold to 3,300 Multifamily Units with Dan Brisse
42 minutes Posted Jun 2, 2026 at 4:00 pm.
Cold open
Welcome and intro
Becoming a pro snowboarder
Aspen Open and the 15-year run
Watching peers go broke: the wake-up call
Buying 70 units while still on tour
Granite Towers: DFW, Nashville, Minnesota
RE professional status and depreciation
The buy box: 140-300 units, 1985+, 95%+ occupancy
Cleburne case study: $6.75M to exit
Cap rate vs. cost of debt, market cycles
Inflation thesis and the 84-unit deal
Capital stack, 80/20 splits, GP skin in the game
Purpose, belief, and the lightning round
Where to find Dan
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Show notes
What does it take for a professional snowboarder, six X Games appearances, gold and silver medals, fifteen years on tour, to land in real estate? For Dan Brisse, the answer was watching the guys five and ten years ahead of him lose their houses, their cars, and worse. That was the wake-up call. While most of his peers spent every pay raise on the biggest house they could buy, Dan was reading books and buying apartments. By the time his snowboarding career ended, he had 70-some units already p...