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15 February 2016 | 5 replies
I really don;t care how many calls I get as a long as the ones I do get are deals.I'm middle aged and looking to retire from traveling in the oil and gas industry so I'm doing the BRRRR method.
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17 April 2016 | 10 replies
I have heard some rumblings about the markets in areas that have recently been impacted by oil are doing well.
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17 May 2016 | 10 replies
Graduated last August with Finance Degree and went into oil and gas.
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5 June 2016 | 6 replies
Here's a snippet about this subject I wrote some time ago: Two-family owner occupied Rental income from 2 BR: $650 per month or $7,800 per yearTenant pays electric, you pay heat, water, and sewer.Expenses: 8% each for vacancy, repairs and management (even if self-managed) Vacancy$593 (based on national avg 8%)Repairs$593 (based on national avg 8%)Management$593 (based on national avg 8%)Capex reserve$390 (5% set aside for "big" repairs like roof, heating system, etc.)Sewer & Water$520 (avg for area)Oil$2,800 (avg for area)Insurance$700 (avg for area)Taxes$1,750 (avg for area)Mortgage$3,891Total Expenses$11,830Cash flow negative $4,030 per year or -$335.83 per month So your total out of pocket for housing expense is about $350 a month.
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31 July 2016 | 12 replies
You can 1031 vacant land to oil and gas rights.
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28 September 2016 | 1 reply
I currently work rotating 12hr shifts at an oil refinery.
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28 September 2016 | 5 replies
It would be great if there were no snake oil salesmen and you could trust everything you read online, but it just isn't the world we live in, so due diligence is the price you pay for a successful passive investment.Steer clear of anything that guarantees tenancy terms (can't be predicted or promised) or excludes any expenses in their ROI calcs.
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8 March 2016 | 2 replies
Then the snake oil sales man tells me he closes in less than 3 days!
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25 April 2016 | 5 replies
Last, what is your take on the slowdown/loss of the oil jobs and how that has affected the market.
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4 August 2016 | 31 replies
Thomas S.Sorry for such a late response to your post, I work in the Oil Field and have very spoty cell service.