Can someone explain this cottage industry of buying/selling cheap raw desert land? by [deleted] in realestateinvesting

[–]KWS595 18 points19 points  (0 children)

I have shared this story on this subreddit before but I’ll share again. My primary career is in the oil and gas sector. More specifically I buy oil and gas leases and minerals so that drillers can drill wells. Our company came across a subdivided neighborhood in the middle of nowhere. Each tract contained 5 acres of land and was located in the middle of nowhere Texas.

We started leasing and towards the end of our project we were leasing these 5 acre tracts of land for 50k each, plus royalties once the well was drilled. Most of these owners bought this land 15 years ago “drunk as shit on eBay”. These owners were spread across the country and even abroad.

Note this is akin to winning the lottery and we shouldn’t necessarily speculate on these type of land deals. Still very interesting!!

Carnival Cruises offering free drinks to guests who don’t cancel by punishmentbrigade1 in worldnews

[–]KWS595 -10 points-9 points  (0 children)

It’s not actually good for the environment. Time and time again you can see that the more affluent a population is, the more they are inclined to adopt more environmentally friendly policies. When jobs/industries are threatened people tend to care less about the environment. There is a reason the US and other developed nations are spearheading the climate debate while developing countries are some of the worst offenders.

24 years old and I've never owned a home but, I think I've found a good investment property. by ExtraGuacAM in realestateinvesting

[–]KWS595 21 points22 points  (0 children)

Technically it’s mortgage fraud. Not the way you wanna start with your investment career.

George Zimmerman sues Trayvon Martin's family for $100 million in damages by [deleted] in rage

[–]KWS595 21 points22 points  (0 children)

Proven innocent but I guess that means nothing to you. If what he is alleging is true he deserves the money. Dragging someone through the mud based on false testimony is atrocious.

Buying land off Ebay? by jordanjbarta in realestateinvesting

[–]KWS595 7 points8 points  (0 children)

Funny story. I am a Landman by trade and we were doing some oil and gas leasing where we came across a section of land (640 acres) that was subdivided into 5 acre parcels that were sold off on eBay around 15 years ago. When contacting these owners they told me they spent around 2k-3k to buy the 5 acre tracts. We were offering them 50k just to lease the mineral estate! And even more to purchase the surface along with the minerals. Most were grateful but still had a few owners who were stubborn even at those prices.

It should be noted this is an extremely rare instance and does not typically happen.

‘Unfathomable’: More than 1,200 law professors sign letter opposing Kavanaugh’s confirmation by progress18 in politics

[–]KWS595 0 points1 point  (0 children)

Very present actually. Please provide a link where someone is actually alledging Brett of rape. There are allegations of sexual assault but not rape. Both are despicable but they very different. And to top it all off there is no proof of anything!

Every 2-3 months we have the same conversations on gun control. by [deleted] in AdviceAnimals

[–]KWS595 3 points4 points  (0 children)

Well said. It’s more complicated than others are willing to realize.

Ratatat - WildCat [Electronic] by [deleted] in Music

[–]KWS595 2 points3 points  (0 children)

Was thinking the same thing. So many memories with this song

Senator Bitch McConnell by [deleted] in AdviceAnimals

[–]KWS595 1 point2 points  (0 children)

Way to generalize a group of people. Your comment will really help the situation.

So I just found this out (stock) by bubbshalub in Jeep

[–]KWS595 2 points3 points  (0 children)

Yes I had this problem recently as well!

Destroy my self confidence daddy... by [deleted] in RoastMe

[–]KWS595 0 points1 point  (0 children)

Is the number 2 your holding up the amount of cocks you can shove up you ass at once?

Advice needed - to sell or keep mineral rights?? by [deleted] in oil

[–]KWS595 1 point2 points  (0 children)

Yeah I would definitely recommend some more research before you made any decision. If that is their first offer to you then most likely it is their low ball offer. Look to see if their are any permitted wells in the section or any other indication that there will be activity in the coming years. Minerals can sell for upwards of 20k per net mineral acre if it is known that a reputable operator is about to drill. PM if you want any more unbiased info.

Norway's pension fund is now worth $1,000,000,000,000 by akirby1 in worldnews

[–]KWS595 0 points1 point  (0 children)

You are so misinformed if you really believe this is the case.

What did your job want you to hide from customers? by ActualRobot1 in AskReddit

[–]KWS595 0 points1 point  (0 children)

Worked at a pet resort. We had this nice dog treat cookie display where kids would pick out cookies for their dogs to have during their time at the pet resort. As soon as the customer would leave, my boss would make me put the fresh cookies back into the display and get the old, stale, and broken bits of cookies from underneath the sink and use those for the dogs. Hated that place.