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Real Estate UndergroundAuthor: Ed Mathews
Real talk from an operator who learned real estate the hard way.Ed Mathews analyzed 1,100 deals before buying his first property in 2011. Frozen in fear. He made every mistake, all while traveling 150 nights a year working for some of Silicon Valley's top companies. 100 deals later, he shares what actually works and what doesn't.Each week, Ed brings you candid conversations with experienced operators, investors, and syndicators. No hype. No theory. Just real deals, real lessons, and the street-level intelligence you won't find anywhere else.You'll learn and hear about:Deals that worked (and the ones that didn't)What we learned when contractors ghosted and we had to step inHow to vet opportunities when everyone else is sitting on the sidelinesConservative underwriting in markets that punish optimismSystems that protect capital when deals go sidewaysWhether you're analyzing your first deal or your hundredth, this is the conversation you'd have over coffee with someone who's been there, made the mistakes, learned the lessons and built the track record.New episodes every Tuesday at 12pm ET. Language: en Genres: Business, Entrepreneurship, Investing Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Tax Liens 101 from the Attorney Who Helped Rewrite the Rules: Stephen Morel
Episode 218
Tuesday, 27 October, 2026
Stephen Morel has spent more than 20 years as a Louisiana title attorney working in the messiest corner of title work: delinquent tax sale titles. He helped rewrite Louisiana's tax sale law, and after Hurricane Katrina he built a title insurance program that put abandoned, forgotten properties back into the stream of commerce. Now he runs JurisDeed. His opening point is the one most tax lien pitches skip. "This is not a private investment, this is a government investment... You have to play by their rule book." Stephen also explains why the Supreme Court took the gotcha out of tax liens. After Tyler v. Hennepin County, the investor who forecloses no longer keeps the owner's equity. What's left is an interest return, and a process you have to prove you followed. What Ed and Stephen get into: Why tax sales are a real problem in the Northeast, for owners who paid off their houses and still face big tax bills Tyler v. Hennepin, Pung v. Isabella County, and who gets the surplus when a property sells What a tax lien actually is, and why most redeem long before foreclosure Fifty states, fifty rule books: notices, clocks and the receipts you need to get paid Post-Katrina New Orleans, missing owners, and why title insurers wouldn't touch abandoned properties The Robinhood idea behind JurisDeed Build it and they will come, and the decision he'd take back Learning more from mistakes than from wins Also in this episode, Questions from the Underground, from Marnee in South Carolina: two years into a multifamily syndication, the sponsor sent a capital call for another 20% of her original investment, due in 30 days. Ed covers the three things a sponsor owes you before you wire more money, why you treat the call like a brand new investment, what the operating agreement says happens if you pass, and three things to do before you invest a single dollar. JurisDeed is in closed beta at jurisdeed.com. Stephen also hosts The Innovative Investor Podcast, or find him on LinkedIn. Got a question you want answered on the show? Send it to ed@clarkst.com. Recorded September 2026. Real Estate Underground with Ed Mathews. Find us wherever you get your podcasts, at clarkst.com/podcast or elevista.com/podcast Elevista - Speed as a Serviceā¢Elevista Connect is the first AI-powered lead conversion system built for real estate investors. š§ Subscribe to Real Estate Underground for weekly insights on building wealth through real estate, without sacrificing your sanity.Additional Resources:Clark St Capital -> Passive real estate investments for busy business owners and executivesElevista -> AI SaaS for real estate investorsClark St Academy on YouTube -> Learn how to invest in real estateSocial Media:LinkedIn -> Ed Mathews (President at Clark St and Elevista)Heads up: If you find this week's book intriguing and you buy using our link, we receive a small commission that helps support the show. Thank you!
