my wife inherited oklahoma mineral rites in OK.buyers give$2000 an acre. sell now or wait for oil boom?
439564
Unless you need that money bad I wouldn't sell.  You can receive a nice monthly income from a gas well.  They will need a lease on the land as well as the gas.  It is also tough to buy any land with mineral rights.  I'd strongly recommend keeping the rights.  Think about which company or utility would need the gas and approach them directly and try to negotiate a deal with a nice lease for the land.  You should have more negotiation wiggle room with the mineral rights.
284418
look elsewhere\nthere is still land in pa for less than 1,000\njust got 63+ acres for 55,000 in n central pa (no house)
346413
It's pretty expensive (for Texas), being that about 9.30 acres are going for around 2.6 million.  I don't see anything close to 35 acres selling around there.  Good luck!
439974
Don't be the first to talk s*** about drilling for oil, and then drive your mommy's SUV to the mall.  Your question has two conflicts, you can't have cheap oil prices and not drill for it somewhere.
678842
Sounds like you should go to CO. If the wife and kids want to go and your going to make a lot more money there should be no question. As far as your house goes, you have a couple options. You could put it on the market, but as you said it will most likely sit for a long time. Or you could lease it out and apply the money you make to a new investment in CO. Whichever way you look at it you need to realize that your house in AZ is most likely less desirable a location than where you would be living in CO. If you stay in your house in AZ and the market continues to go down (which it will), you can kiss your 90k goodbye (when the market goes down , salaries do not go up especially double) and you can kiss your nice life in CO goodbye because you will be sitting on a house that is not worth what you owe on it and you will be trapped. It's going to be a hard decision, but if it was me I would definitely go. You don't want to get stuck in blazing AZ especially when you come from beautiful CO. Good luck with your choice.
492831
I WOULD TRY AND INVEST IT. POSSIBLY TRY AND GET REALESTATE PROPERTY. I WOULD WANT TO SEE WHAT REALESTATE  THE GOV. HAD FOR SALE. FORCLOSURES GOOD DEALS ON THAT KIND OF LAND
783606
The maximum federal tax on long term capital gain is 15%. I don't know what the New Mexico rates are. Generally real property is not subject to a sales tax like buying a shirt would be.\nUnder current law the 15% gains rate is set to go back to 20% after 2009.\nTo lower your gain you would have to spend money on iimprovements. This is generally a bad move unless you can increase the sale price of the land by what it cost to improve it. \nAssuming the NM tax rate is 5% I would suggest not doing anything to laower the tax since you are already keeping 80% of each dollar you get for selling. A great deal compared to a similar amount of wage income.
207299
Lease the land if you want an immediate begin to profits. Otherwise, depending on the economic development of the area, it may be best to just keep the land cleared and wait. It's value may increase greatly and you can then sell. The best thing would be to talk to a real estate developer.
559877
The Indian market is booming right now and the Real Estate is doing the BEST. So I would put my money on some property in India. \nGood Luck!
178546
I wouldn't say it's risky but you will pay a pretty penny if you buy in lands or beaches already developed such as tamarindo in guuanacaste. if you look to areas that may get more infrastructure in the future then you can probably get a better deal but will be a little off the beaten path for a little while.
126698
Its always a good idea to have oil and energy stocks in your portfolio.  Its best as an asset allocation.  It just depends on the percentage you should put in your portfolio.  I wouldnt put any more than 5-10 percent in it.  I dont think now is a good time to have a large percentage of oil in your portfolio.  Oil is a business of boom and bust cycles.  And I think we are about at the end of this boom part of the cycle.  Inventories are going up and drilling is still pretty strong.  I think oil will drop significantly in the next few months.  The only thing thats holding it up now I believe is politics, and this business with Iran.  Once that's over with I think the price of oil will go down.  Although the US doesnt get any oil from Iran right now.
1134210
I agree with previous answer.  Copper has come down from its recent peak but should maintain a historic high value.  To stay up to date on current U.S. copper prices go to http://demolition1.blogspot.com
557321
Sell it for half a mil
418956
my thoughts exactly. i heard him say today that he is opening up the wildlife for more oil drilling. i thought yeah you would since he would make a profit off it because of the family oil business
445377
hi. I kind of do this for a living in Texas and don't know where you are, so the rules could be different.  I would suggest that you contact the contact person at the state and real-friendly-like start there by asking if you could get a copy of the "title work" they "ran" (conducted) to arrive at their ownership information.  This would be the easiest way to determine what the actual percentages owned by each person are under the two lots.\n\nIt sometimes happens that when land is deeded or willed out even to a group of people, the percentages of ownership can be unequal. For instance, if your grandparents passed the lots by their wills to their 10 children thusly,"I want my 5 sons and four daughters, Cindy, Amy, Sarah, and Sue to share and share alike in 75% of the lots, but I want my remaining daughter, Jean to have an undivided 25% of the lots b/c she took care of me in my old age."  Thus Jean would be entitled to 25% of the money from the state, and the others only divide up the remaining 75%.\n\nThis could happen if the 5 who deeded to the other 5 said it similarly, "We deed our interest 75% to our siblings Joe, John, Cindy and Sue, undivided, but deed the remaining undivided 25% to Jean, who took care of Dad."  See?\n\nHowever, if all the transfers were made equal and undivided amongst all 10, then the same way amongst the 5, then that one Aunt is out of luck. She may have gotten "ripped off" by having paid more to her siblings than the others did, but tho that would stink, it wouldn't get her more.  The deed wording controls.\n\nSo for you to be able to help: You have to see the documents that put the title into your uncles and aunts the way it stands today. If the state can't or won't help you, then go to a title company in the county where the land is and tell them you will pay for a title check, or a title insurance commitment.  Or go to a reputable real estate lawyer who can go to the county records and check them for you. It is a little expensive, but will shut Auntie up.\n\nGood luck. Remember--she may have a reason for thinking as she does, that goes beyond just greed. Old people often remember things that happened. I find talking to them very useful in my work.
691600
Either buy one key of the white stuff down south and move it up North then flip that double your money in 5 days or Bet 10K that San Antonio will cover against Dallas on Sat. Ha ha that's the risky side. Or just watch the news if they say gas will get MORE expensive just put it all on EXXON stock and wait for their profits to come out get your residuals then sell. It should get you at least 5K. 1 or 2 yr period to double your cash you have to be risky though and watch whats hot on silicon Vally jump on that early
280947
Its not cheap but gold is very bullish right now. Im guessing it will hit $1600 an ounce by the end of the decade