Recent story about ownership of mineral property

During a recent conversation, a sophisticated investor told me about a large company that said they were selling him mineral property but offered him an assignment to the mineral property. They refused to have his name recorded at the County Courthouse which means he would not have a Deed to the property (no ownership) and that the royalty income from the property had to go thru the sellers accounting. He could not understand why they wanted him to pay for the property but not give him ownership of the property.

I tend to agree with his assessment. There are all kinds of red flags in that situation.

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This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA or financial advisor and I am not giving legal, financial or tax advice.