REI084: Investing In Oil Wells Like Rental Properties w/ Grant Norwood

On today’s show, Robert Leonard chats with Grant Norwood once again, but this time they talk about the different strategies of real estate syndications and how they compare to what Grant does with oil; why there is pressure on Exxon and other big oil companies from governments and activist investors; what The Greenpath is and what impact it is going to have, and much, much more!  IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 21:30 - Where Grant thinks oil prices will end this year, why industry experts are expecting triple-digit prices by the end of 2021, and its indirect effects on the listeners’ everyday life. 36:49 - How an investor can find the right oil driller and the right well. 40:41 - How government involvement in oil production affects the success and future development of domestic oil production and the price of energy and basic materials. 43:42 - What tax benefits and incentives are available when investing in oil and how it is similar and different from real estate. 47:00 - What Grant sees as the right percentage of someone’s portfolio to be allocated in oil investments. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Get more FREE content from Robert. Read the 9 Key Steps to Effective Personal Financial Management. Related Episode: Listen to MI062: Investing in the Oil and Gas Industry w/ Grant Norwood, or watch the video. Reed Goossens' book Investing in the US. Chad Carson’s book Retire Early with Real Estate. Joe Fairless’ book Best Ever Apartment Syndication. All of Robert’s favorite books. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. 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