#70: Create Passive Income and Save on Taxes Investing in Oil and Mineral Rights ft Troy Eckard

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Create Passive Income and Save on Taxes Investing in Oil and Mineral Rights

Troy W. Eckard is the CEO of Eckard Enterprises, a family-owned and operated energy asset management firm focused on the U.S. oil and gas industry. He has dedicated his entire career to the U.S. energy industry.

He has a wealth of knowledge and expertise they offer to private investors who seek to develop a successful energy portfolio.

He believes that owning tangible energy assets is one of the safest, long-term investment strategies available in today’s investment climate.

Now, let’s look at what we discussed in this episode:

  • How Troy started in the energy industry
  • What are mineral rights
  • How do these investments work
  • Do mineral rights qualify as a 1031 exchange
  • How are mineral rights taxed
  • Investment advantages of mineral rights

Here’s a breakdown of how this episode unfolds…

[17:08]

What has been on the books since the 1031 is that producing oil and gas wells or mineral rights are the same qualification as a traditional piece of real estate.

[21:32]

The three largest clients we have in our firm are engineers, doctors and lawyers. 20% of our clients are lawyers.

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