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Should I sell the rights to my minerals below my property?
TrisJamesgp9135
I'd ask them what they plan to dig up and research it on the net. I have a cousin who has a few acres in Louisiana, and they drill oil on his land he gets 600/month, which after only 10 months he'll get 6K, so in less than 2 years you could potentially make more than that 10K. I'd ask and do some research. Even if you only got $100 a month it would take only about 8 years to get 10K. However, with 10K you could invest it. I know someone who invested 10K in a stock about 2 years ago and it has become 15K in 2 years, not a bad return.
Just think though if you give up your mineral rights, it may be harder to sell your home because you've given them permission to be there and whoever wants to buy it next may not like the arrangement, especially if they do not get royalties. Also, you'll have people and machines on your property all the time. Not so much people, but people will come by to do maintance on the machines etc.
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∙ 8y ago
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