Oil Drilling Working Interests | 1031 Exchange Like-Kind
Rarely found, hidden 1031 exchange secret reinvestment historically reserved for friends and family.
Most 1031 exchange buyers seeking these rare investments and knowledgeable about these hard to find investments prefer direct working interests in designated wells to be drilled as they get a write off of their intangibles and eventually 100% write off on their total investment. Most of these investments payout in under 4 years and a transfer to heirs on a fully written off investment swells inheritance nets.
Up to $6 million in working interests available on a first come, first serve basis.
These investments are ideal for cash investors or for the cash available in 1031 / 1033 exchanges.
These working interests qualify for 1031 and 1033 exchanges as "like-kind" property.
Huge depreciation advantages - write off 65% of your investment in the first year of investment, then the balance of the investment over the next 60 months. This is the portion related to intangible drilling expenses.
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