Property details

Oil Drilling Working Interests | 1031 Exchange Like-Kind, Southwest Region

Property Description

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.

Call for more information.

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Oil Drilling Working Interests | 1031 Exchange Like-Kind

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Highlights

Status:
Available
Price:
$6,000,000
Cap Rate:
20.00%
Rent Increases:
Inquire
 

Property Information

Property Type:
Oil Gas
Industry Type:
Oil - Gas - Alternative Fuels
Units/Spaces:
1
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
Oil Drilling Working Interests
Lease Type:
NNN
Lease Expiration:
12/30/2019
Lease Remaining:
20.0 years
Landlord Responsibilities:
Inquire
Options:
Inquire
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.