How to Fund the Purchase of Mineral Property
There are a few ways to fund the purchase of mineral property that I am familiar with.
Some people like to borrow money from a lender like a bank.
If you are buying real estate, you can hire an appraiser. They go to the property, take some pictures and measurements then write a report, or an appraisal, that you can take to the lender.
Mineral Property is a little different. We consider the monetized asset for mineral property the oil and gas in the ground. Until they figure out an easier way than hiring an engineering firm, the cost can be too high for an individual buying just a few acres at a time.
The good news is you can also use funds from a 1031 Exchange or with funds from a Self-Directed IRA. The most common method is with the good ol’ American dollar.
If you would like to discover how you can own a portfolio of income producing assets that can generate a monthly income for generations to come, feel free to give us a call.
If you would like to learn how to be part of the solution to the world's energy crisis and know how you can take advantage of a Royalty Income from a producing Mineral property, be sure to contact us at your convenience. Just visit our website for the contact information.
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This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA or financial advisor and I am not giving legal, financial or tax advice.
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