ATLalts Navigating the Complex Landscape of Tax Liens and Deeds in Real Estate Investment
Jun 10, 2025
Brian Seidensticker and Kiah Hochstetler, co-founders of Mount North Capital, dive into the world of tax lien investments, blending their backgrounds in aerospace engineering and software. They explain how their platform supports passive investors seeking opportunities in distressed properties. The duo discusses the challenges of access to capital and the innovative capital partnership program they've designed. Listeners will learn about the complexities of tax lien auctions, property valuation, and the data-driven strategies that enhance investment decisions in this niche market.
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Use Portfolio Theory for Risk
- Apply portfolio theory to tax lien and deed investing to mitigate risk at scale. - Diversify across hundreds of properties to balance winners and issues for predictable returns.
Valuing Distressed Properties
- The key valuation metric is 'as-is value,' which accounts for repair and title clearance costs. - Mount North Capital buys properties at 65% or less of this discounted as-is value for margin of safety.
The Auction Bidding Rodeo
- Bidders travel nationwide to auctions carrying money orders and cashier's checks ready to bid. - Auctions can be chaotic events with multiple bidders and cash-only requirements, likened to a rodeo.