Do your homework before you get involved in any type of partnership.
Jared Lichtin is a real estate investor and podcaster who previously worked as a lawyer for the oil and gas industry in Appalachia, near his home in Northwest Ohio. He realized the uncertainty of his work in titling and deeding properties for the volatile industry and decided to start flipping houses. His first few projects proved profitable so he has continued to buy and flip and then he podcasts about it. He shares insider information about what to watch out for when investing in the oil and gas industry.
Key Takeaways:
[2:37] Jared graduated law school, worked for a law firm for oil & gas industry and then started flipping houses after he noticed problems in the oil & gas market.
[7:14] How can you title, deed and will your oil & gas investments to others?
[13:30] Oil & gas investments are risky because there is nothing preventing the political landscape or environmental laws from changing.
[18:51] The exploration and production side of oil & gas companies is a seismic process which is technologically advanced and extremely volatile.
[24:21] It’s practically impossible to go wrong investing in real estate, if you do your homework.
[28:03] Summary and contact information for Jared.
Mentioned in This Episode:
Tweetables:
“The US will have enough energy from natural gas for the next 30-40 years.”
“If you do your homework, it’s practically impossible to go wrong investing in real estate.”