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Most people don't know that thousands of Arkansas properties go up for auction every year at below-market prices. , Land Commissioner Tommy Land reveals exactly how the state's tax delinquent property sale process works - and how you can participate.
- How the 4-year tax delinquency process works (2 years county + 2 years state)
- The difference between live auctions and online eBay-style auctions
- Why some "cheap" auction properties aren't actually good deals
- The clear title process and hidden costs buyers must budget for
- Requirements for non-US citizens purchasing state land
- How the state sold 25,000 backlogged parcels through their new online system
- Who owns Arkansas riverbeds and mineral rights (hint: it's the state)
- The Arkansas River navigation project and why it matters for commerce
- 00:00:00 - Introduction and Tommy Land's background
- 00:01:15 - How Tommy became Land Commissioner at age 19 (buying his first property)
- 00:04:18 - Tax delinquent real estate overview (10-15,000 parcels/year)
- 00:04:51 - Live auction vs. online auction process explained
- 00:05:31 - Tips for investors buying through the Land Commissioner's office
- 00:06:11 - Non-US citizen purchase requirements and penalties
- 00:09:01 - The 4-year delinquency timeline explained step-by-step
- 00:16:00 - Due diligence: researching properties before auction
- 00:24:06 - Clear title process and budgeting for additional costs
- 00:32:44 - How online auctions cleared 30,000 backlogged parcels
- 00:37:06 - Arkansas waterways: who owns what
- 00:37:45 - State ownership of riverbeds and mineral rights
- 00:40:30 - Levy task force and flood protection
- 00:48:35 - Arkansas River navigation and economic opportunity
- 00:58:09 - Closing thoughts on principled leadership
Tommy Land has served as Arkansas Land Commissioner since 2019, bringing decades of personal real estate experience to the role. He bought his first home at 19 (requiring a court petition to be declared an adult) and has bought and sold property throughout his career. His wife previously served as County Assessor, giving the family deep expertise in Arkansas property systems.
Caleb and Jody Moore are Arkansas-based real estate professionals who host conversations with principled leaders in business, government, and faith.
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Timestamps:
00:00 - Introduction and welcome
01:15 - Tommy's origin story: Buying his first home at 19
04:18 - Tax delinquent property overview
04:51 - Live auction vs online auction process
05:31 - Key tips for property investors
06:11 - Non-US citizen purchase requirements
09:01 - The 4-year delinquency timeline
16:00 - Due diligence before bidding
24:06 - Clear title process and hidden costs
32:44 - Online auctions: Selling 25,000 backlogged parcels
37:06 - Arkansas waterways and state ownership
37:45 - Riverbeds, mineral rights, and ordinary high water marks
40:30 - Levy districts and flood protection
48:35 - Arkansas River navigation opportunity
58:09 - Closing thoughts and appreciation
The Principled Entrepreneur is where real entrepreneurs share the principles, values, and grit that carried them through the toughest seasons to their greatest successes. Hosted by husband-and-wife team Caleb and Jodi Moore, we uncover authentic, relatable stories that prove you’re not stuck and you’re not alone. Whether you’re in a body shop, behind a desk, or chasing a dream, each episode will fuel your hope, strengthen your grit, and remind you to keep going — no matter what.