18: Direct Investing in Oil & Gas Wells with Mike Mauceli - like BFFs featuring Josh Richards and Dave Portnoy & The Peter Schiff Show Podcast
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 13 February 2015
⏱️ 53 minutes
🧾️ Download transcript
Summary
#18: Cash flowing real estate is not confined to residential, commercial, industrial, office, agricultural, retail, and storage. Consider oil & gas wells.
Mike Mauceli, CEO of Reef Oil & Gas Companies in Richardson, Texas, explains this direct investment opportunity in producing oil & gas wells.
Monthly cash flows and terrific tax benefits are typically provided to investors.
Listen to this week’s show and learn:
02:03 What is a real estate “syndicator”?
09:08 The minimum amount one needs to invest with Reef. An investor does not need a certain credit score, liquid reserves, debt-to-income ratio, nor accredited investor status.
11:00 The difference between investing directly in Reef Oil & Gas Companies vs. oil & gas stock.
13:35 Today’s drilling techniques may reduce the risk of “hitting dry holes”.
22:03 Interests in reducing environmental impacts of oil & gas extraction.
25:44 Does Reef have “skin in the game”, investing alongside the individual investor like you?
28:14 How Reef’s teaming with a large investment company helps them acquire larger projects.
31:45 How the recent drop in oil prices affects investors.
35:35 World geopolitics and the price of a barrel of oil.
39:43 Why you are an oil & gas investor already.
40:25 How Reef is paid and how you are paid, and your potential tax benefits.
44:52 Minimum investment amount, rate of return range of past funds, liquidity, tax advantages, and possible multiple returned to you on your initial investment amount.
Please listen to the disclaimer at the end of the show. Investing involves risk and you can lose money.
Resources mentioned:
www.Reefogc.com
www.Reefogc.com/drillingandincomefund/
Reef Oil & Gas Co. phone number 1-877-915-7333
www.TomWheelwright.com
Transcript
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| 0:00.0 | Get Rich Education is brought to you by Refoil and Gas Companies, Partners in American Energy Production for World Consumption. |
| 0:12.0 | Welcome to Get Rich Education with Keith Winehole, giving you information and ideas on the investment that |
| 0:22.9 | has turned more ordinary people into millionaires and billionaires than anything else, |
| 0:29.1 | and can provide you with more wealth and happiness than you ever thought possible. |
| 0:33.8 | Now here's your host, investor, entrepreneur, business owner, and educator, Keith Weinhold. |
| 0:45.1 | Welcome to Get Rich Education Show 18. I'm Keith Weinhold. |
| 0:49.9 | With listeners in 97 countries, it's the show where I've been giving away my best investment, knowledge and experience, and I've even been hooking you up with my contacts, sometimes bringing them onto the show like I've done today. |
| 1:06.4 | Hey, you can listen to our show on iTunes, where most people have been finding us, or for Android |
| 1:12.6 | users, Stitcher Radio is probably the most popular option. Do people even call Stitcher Radio anymore? |
| 1:19.8 | I don't know. It's Stitcher, the Stitcher app. Then there's all those aggregator apps you can |
| 1:24.8 | use for learning to build your wealth through Get Rich education like |
| 1:28.9 | Pocketcasts. |
| 1:30.6 | We can be found too on Overcast, Downcast, and Instacast. |
| 1:35.7 | But hey, it's pretty cool to be heard in 97 countries across those platforms. |
| 1:40.5 | I'm grateful for that. |
| 1:43.1 | A couple of those countries only have one listener checking in, |
| 1:46.3 | like Azerbaijan and Laos. So I appreciate that listener in Azerbaijan, just like all the other |
| 1:53.6 | listeners. Maybe I'm even more grateful that I'm not in Azerbaijan. Sounds like a happening place. So, hey, I'm freshly back from |
| 2:05.0 | the real estate syndication seminar in Las Vegas. And you probably wonder what's a syndicator? A syndicator is a |
| 2:13.1 | person that goes out and finds the real estate deal, oftentimes that's a large multi-family apartment |
| 2:20.0 | building, but that syndicator does not have the money for the down payment his or herself. |
| 2:25.9 | So what that syndicator does is they pool other investors money together to make the down payment |
... |
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