Host: Ken Baden - CEO of Baden Consulting and Potomac Custom Remodeling
Guest: Brian Seidensticker - Chief Executive Officer, Tax Sale Resources, Inc.
Key Topics Covered:
- Transition from aerospace engineering to entrepreneurship
- How the 2008 financial crisis led to discovering tax liens
- Building a SaaS platform to solve industry inefficiencies
- The truth about tax sale properties and foreclosures
- Difference between tax lien and tax deed investing
- Mountain North Capital's profit-sharing partnership model
- Current economic outlook and recession indicators
- Commercial-to-residential conversion opportunities
- Federal Reserve rate decisions and housing market impacts
- Overcoming negative industry perceptions
- Entrepreneurial advice: persistence and dreaming big
- Celebrating wins without losing drive
Resources Mentioned:
- Tax Sale Resources platform (tracks 9,000 auctions annually)
- Mountain North Capital (profit-sharing fund)
- Supreme Court cases affecting tax deed regulations
- Leap (contracting software comparison example)
Business Metrics:
- 9,000 auctions tracked annually
- Couple million properties in system
- $8-9 billion in assets processed yearly
- Revenue from platform exceeded tax lien investing within 2 years
Episode Context: This is Ken Baden's first episode back after the birth of his first child (three weeks old at recording). Ken jokes about being in "zombie mode" throughout the episode.
Timestamps0:00 - Introduction & Welcome Back "Post-Baby Baden"
0:46 - New Dad Life: Zombie Mode & Unpredictable Sleep Schedules
2:04 - Parenting Advice: Everything is a Phase
3:44 - Introducing Brian Seidensticker & Getting Started
3:53 - Brian's Background: From Aerospace Engineer to Real Estate
5:20 - The Breaking Point: Government Red Tape & Six-Week Vacation Epiphany
6:22 - Getting Into House Flipping (2005-2008)
6:44 - Discovery of Tax Liens Through Personal Experience in Montana
7:28 - Building the Original Tax Sale Resources Platform
8:17 - Transitioning from Investor to Platform Provider
9:15 - Business Model Comparison: Similar to Leap's Journey
10:08 - Solving Industry Inefficiencies
10:20 - Understanding the Client Base: Tax Lien vs Tax Deed Investors
11:30 - What Tax Sale Properties Actually Look Like (HGTV Reality)
12:28 - The Foreclosure Process Explained
13:42 - The Platform: "Zillow for Distressed Real Estate"
15:12 - Mountain North Capital: The Profit-Sharing Fund
16:35 - How the Capital Partnership Structure Works (Not a Lender)
17:17 - Current Market Conditions & Tax Lien Property Trends
18:00 - Are We in a Recession? Economic Analysis
19:15 - Finding Opportunity in Market Volatility
20:20 - Commercial to Residential Conversion: The Next Big Opportunity
21:56 - Current Economic Outlook & Federal Reserve Decisions
23:20 - Inflation vs Housing Demand: The Fed's Dilemma
24:12 - Predictions: Rate Cuts & Housing Market Impact
24:56 - Interest Rate Discussion: Quarter Point Drops
25:42 - Growth Plans & Supreme Court Case Impacts on Tax Deed States
26:47 - Growing Pains as "Fun, Cool Problems to Solve"
27:03 - Biggest Industry Challenge: Negative Perception & Media Coverage
28:26 - The Truth About Tax Sales & Community Benefits
29:22 - Contact Information & Real Human Support (No AI Yet)
30:30 - AI Discussion: Tool vs Replacement for Humans
31:23 - Final Advice for Entrepreneurs: Be Persistent & Dream Big
33:12 - The Importance of Dreaming Big to Achieve Big
34:25 - Bonus Advice: Celebrating Wins & Avoiding Burnout
35:42 - Closing Remarks & Baden Consulting Services Information
36:14 - Outro