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Podcast: Wealth Formula Podcast
Episode: 239: Should You Invest in Oil and Gas?
Description: I am not an oil and gas investor. That’s because I am not incentivized to do so by the tax code. The only time I was really incentivized to do so was before I became a real estate professional. Now with bonus depreciation, every time I invest in real estate, I can deduct the majority of my investment off my yearly income. That’s the beauty of having the real estate professional designation. Unfortunately, most people don’t qualify and that’s where oil and gas becomes a very attractive option. You see oil and gas has a unique advantag...