Creating Wealth Real Estate Investing with Jason Hartman CW 659 - Jared Lichtin - Oil & Gas Investments
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 continues to buy and flip and then podcast about it. He shares his insider information about what to watch out for when investing in the oil and gas industry.
Join us in Jacksonville for a property tour before the Jekyll Island Venture Alliance trip.
Key Takeaways:
Jason’s Editorial:
[2:36] At 16, Jason decided to create abundance in his life through investing in income properties aka packaged commodities.
[7:36] Are the Saudi’s or the US behind the current artificially low oil prices? Here are 2 theories.
[12:45] Agency financing, through Fannie Mae and Freddie Mac, allows you to finance more than 10 properties at a great interest rate for 30 years.
Jared Lichtin Guest Interview:
[18:40] Jared graduated law school, worked for a law firm for the oil & gas industry and then started flipping houses after he noticed problems in the oil & gas market.
[23:15] How can you title, deed and will your oil & gas investments to others?
[28:01] Oil & gas investments are risky because there is nothing preventing the political landscape or environmental laws from changing.
[34:53] The exploration and production side of oil & gas companies is a seismic process which is technologically advanced and extremely volatile.
[37:18] It’s practically impossible to go wrong investing in real estate?
[44:03] Summary and contact information for Jared
Mentioned in This Episode: