Purchase price: $15,000 Cash invested: $6,000 A currently dead oil rig, needs to be revived and put into service.

I use to work in the oil field and invested half my income into properties every year.

They leave oil stains by their garage without cleaning up. 

And, we all expect and respect that in investing, there is investing ADVISORS we consult, because there life is that specific kind of investments (oil, stocks, mutual funds, etc) and than even further into very specific niches inside of it. 

Many people get that designation, but you won’t be able to if you’re a high earning W-2 employee for the most part.Though I don’t like oil and gas investing, I believe the losses in that arena can offset W-2 income.

Too much risk for a 20-50yr lease/project life.We have similar issues here in West TX where the minerals are almost always severed from the surface estates and oil and gas development is constant.

And you've got to pay attention to those types of catches so to speak this business has been around for many years and at the end of the day those types of things are few and far between so you got to be careful of who the snake oil salesman or saleswoman is as a general rule these types of strategies are out there can be executed and done.So i'm not saying they can't be done it's just that they're few and far between for the average joe out there so the options out there are go with traditional type of financing i.e fannie mae freddie mac fha your normal mortgage lending and financing right that's one avenue where you're going to get your lowest interest rate with your least amount of money.

It's also not new remember my Dad dealing with material price escalations in the early 2000's due to oil pricing.

I would ask the owner for the age of the roof, age of utilities (water heater, boiler/oil tank), and ask if/when the most recent upgrades were made to the property.Of course, take the responses with a grain of salt.

And this is why I chose to work with you while we both burn the midnight oil!