Dirk Todd is regarded as one of the preeminent authorities on 1031 Exchange strategies utilizing energy royalty and mineral interests. His first book, Stomp the IRS Out of Your Capital Gains (2009), expounded upon many of his previously published articles on the subject.
Mr. Todd has been a key partner with various private equity firms, as well as oil and gas acquisition and divestment businesses throughout his career. In addition, he has spent his career specializing in passive income strategies, energy investments and 1031 exchange replacement acquisitions. As a nationally-recognized advisor on these subjects, he is often invited to speak at events throughout the U.S.
It was through these types of engagements that he came to realize there existed a widespread misunderstanding of oil and gas royalties, as well as a lack of awareness of their eligibility as “like kind” property for 1031 exchanges.
His latest book, The 1031 Solution, seeks to rectify this issue. Written specifically for real estate investors, it covers the basics of the oil and gas industry and explores the benefits and risks involved in investing in energy royalties. With the help of industry experts, he discusses the elements and tax implications of a 1031 exchange and outlines proven strategies for diversification and maximizing tax deferral using royalty and mineral replacement properties.
The author grew up in Brownwood, Texas and attended the University of Texas at Austin for 3 years before earning his bachelor’s degree from Ohio University where he lettered in golf and was team captain his senior year. He holds an MBA from Capital University in Columbus, Ohio. He was appointed by Governor Jim Doyle to the Wisconsin State Advisory Board for the Department of Financial Institutions where he served for 3 years. He currently splits his time between southern Wisconsin and Frisco, Texas.
Oil & Gas Royalty Expert
Robby Barnes is a partner in various entities involved in oil and gas as well as serving as acquisition manager for Oak Tree Minerals, LLC in Frisco, Texas.
Mr. Barnes has extensive experience in both royalties and alternative investments. He has been involved in the acquisition and divestiture of more than twenty private royalty offerings, which have raised in excess of $300 million.
A fifth generation Texan and son of a petroleum engineer, Mr. Barnes was introduced to the oil and gas industry at an early age and purchased his first royalty deal in 2002. He grew up in Plano, Texas and attended Texas Tech University. He now lives in Frisco, Texas with his wife and two sons.
Craig Brown, esq.
Craig Brown, Esq., IPX1031® vice president and regional manager, has overseen the facilitation of 6,000 plus exchanges of real and personal property with total values in excess of $3 billion.
He has trained over 7,500 Attorneys, CPAs, Realtors® and Escrow Officers on Like-Kind Exchanges and works with specialty divisions and General Counsel for Parking Title Exchanges and Multiple Asset Exchanges. Craig develops and teaches Like-Kind Exchange Continuing Education training in-house and is a frequent speaker for legal, real estate and tax associations.
Financial & Operations
Kim James is a senior financial & operating executive with experience in both publicly traded and entrepreneurial manufacturing companies ranging in size from $10 million to $3.2 billion. Mr. James has a broad range of industry experience in consumer products, beverage, pharmaceuticals, flavor, animal health, chemicals, and agribusiness and commercial and residential real estate. He has a reputation for developing solutions to complex financial and business situations and implementing initiatives that improve value and operating results.
Kim started his career with Arthur Andersen & Co in Chicago, Illinois. After leaving AA & Co. he held a variety of variety of financial and administrative positions for IMC Corporation, a $2 billion NYSE company. He played a significant role in IMC’s global businesses including acquisition integration, global manufacturing strategies and developing a R&D project ranking and planning system for IMC’s biotech & advanced materials research organization. Kim was VP of Marketing & Finance for SunPure, Ltd. where he developed and led the strategy that transformed SunPure from a commodity citrus processor into a global flavor and citrus products company. Kim was EVP & CFO of Saratoga Beverage Group during their going private transaction and since 2004 has played key roles in high profile corporate turnarounds including Walsh Healthcare Solutions, Pabst Brewing Company and Safe Script Pharmacies.
Mr. James has a B.S. in Business Administration with High Distinction from the University of Arizona, did graduate work at Northwestern University, and is a CPA.