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Oil & Gas Produce Independence, Cash Flow, and Tax Savings with Eric Rice
With the different passive income ideas out there, have you ever thought about investing in the Oil & Gas industry? If you want to know how to participate in this type of investment, this is your opportunity to learn from Eric Rice. He is the Chief Growth Officer at King Operating Corporation, an independent oil and gas operator with over twenty-six years of experience developing and producing oil fields in Texas, Oklahoma, Kansas, Colorado, and Wyoming. This episode is for you if you are interested in exploring a new investment strategy that offers cash flow and tax savings. At the same time, you get the chance to be a patriot and help fight the tyranny of the energy crisis we are in.
Top 3 Things You’ll Learn:
The benefits of investing in energy
How can you get involved in this type of investment?
What are the risks and the exit strategy?
About Our Guest:
Eric Rice describes himself as having a flair for the unconventional. He sees things differently and finds opportunities that create lasting impact. He is the Chief Growth Officer at King Operating Corporation, an independent oil and gas operator with over twenty-six years of experience developing and producing oil fields in Texas, Oklahoma, Kansas, Colorado, and Wyoming. Eric has a vast experience in business development and exploring new opportunities every day.
Connect with Eric Rice:
Website - https://www.wealthwithoutwallstreet.com/KingOperating or https://www.kingoperating.com/
Take Advantage of a Free Financial Strategy Call:
https://go.wealthwithoutwallstreet.com/free-financial-call
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2:26 - You used to work on Wall Street. Why did you decide to leave that and start the path you're on now?
7:01 - Can you label some of the things that happened in the last couple of years in the Oil & Gas industry from this administration?
11:23 - How does someone participate in being a patriot like you mentioned? Is there a way to invest in that area? Is it simply just by investing in groups like yourself, investing to not only receive the tax benefit and create passive income? Are there other ways to get involved?
16:40 - The real estate component being involved is a unique opportunity within King Operating. What does that actually look like for an investor? What is the exit strategy?
22:32 - You mentioned being able to sell part of the fund to an income buyer. Does that allow the investor to still participate beyond that, or do they return the capital?
23:25 - What is the history of King Operating, and how they've been able to do this in the past? What are some of the lessons you've learned?
26:01 - How do I get involved? What are the biggest risks I should consider as an investor, and are the tax benefits effective on my active or passive income?
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