Understanding Tax Lien and Deed Investing with Brian Seidensticker

In this episode of Mission Matters Money, host Adam Torres welcomes Brian Seidensticker, founder of Last Best Partners LLC and Mount North Capital, to discuss tax lien and tax deed investing—a niche yet powerful alternative investment strategy. Brian shares his journey from being an aerospace engineer to falling into the world of tax liens after a property flip gone wrong in Montana during the 2007–2008 financial crisis. He explains how tax liens work as secured loans to governments, offering investors returns of 10% or more, with the potential to acquire property through foreclosure if taxes remain unpaid. He then details the evolution of the space, highlighting how lack of accessible data once made it a fringe market dominated by institutional players and self-proclaimed gurus. Brian recounts building TaxSellResources.com as an internal tool that eventually became a public platform aggregating thousands of tax sale auctions annually, democratizing access to this information. The conversation shifts to tax deed investing, which offers higher potential returns due to the possibility of acquiring real estate at auction, especially after Supreme Court rulings that closed loopholes in earlier systems. Brian discusses launching a $62 million fund in 2020 to provide accredited investors with a hands-off way to participate in this asset class, balancing risk and return while leveraging his 17+ years of experience. He emphasizes that while the space is not risk-free, proper due diligence and education can significantly reduce pitfalls.