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Byron Tuck, Simon Energy Associates and Kimberly Smith, TalkTexasOil discuss Like Kind Exchanges and trading real property.
1031 exchanges offer a two year window of opportunity where individuals and corporations can trade their oil and gas properties for producing income such as a beach house, a commercial real estate property, and receive revenue.
Tuck and Smith talk about the pros and cons when it comes to 1031 exchanges in oil and gas.
The bottom line is that in today’s economic conditions it is vital to understand how all the Arrows of Opportunity work in your quiver of ideas.
Spread the word. Support the industry. Share the energy.
If you have a chance, check out The Crude Life Podcast!
