Brian Seidensticker, CEO of Tax Sale Resources, Inc., shares his transformation from aerospace engineer working on missile defense programs to founding a comprehensive data analytics platform serving the distressed real estate market. After experiencing burnout from government red tape and becoming involved in house flipping during the 2008 recession, Brian discovered the tax lien space when he found himself on the wrong side of one. He built an internal tool to track auctions and property data, which evolved into a full-fledged business serving tax lien and tax deed investors nationwide. Host Ken Baden (fresh off three weeks of new fatherhood) guides the conversation through common misconceptions about the tax sale industry, the difference between tax liens and tax deeds, and how these properties typically represent abandoned or severely distressed real estate rather than predatory takeovers. Brian discusses his company's evolution, including launching Mountain North Capital to provide profit-sharing partnerships for cash-limited investors. The episode also covers current market conditions, recession predictions, interest rate impacts, and opportunities in commercial-to-residential property conversions. Brian emphasizes the importance of persistence, dreaming big, and celebrating wins while building a business—advice particularly relevant for home service business owners and real estate investors navigating today's volatile market.
Host: Ken Baden - CEO of Baden Consulting and Potomac Custom Remodeling
Guest: Brian Seidensticker - Chief Executive Officer, Tax Sale Resources, Inc.
Key Topics Covered:
Resources Mentioned:
Business Metrics:
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.
0:00 - 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