Posts by madwire

With a self-directed IRA, you are able to invest this money into a number of different types of assets. One option is to purchase real estate, which can be used as a rental property. First Western Federal Savings Bank can help you get started with this process by providing you with a non-recourse loan to…

If you own farmland in the United States, you may have heard of CRP (Conservation Reserve Program) payments. It’s a government subsidy reserved for America’s farmers that aims to conserve land and protect the native environment. At First Western Federal Savings Bank in Rapid City, we believe that farmers are this nation’s backbone. You work…

If you’re a farmer, rancher, or landowner looking to cash your CRP (Conservation Reserve Program) payments, choose First Western Federal Savings Bank. Established in 1979, our Rapid City bank has a history of helping agricultural producers receive a lump sum payment from our CRP purchase program. You’ve worked hard to earn this money and deserve…

If you have a self-directed retirement account, you may wonder how to diversify your portfolio. This particular type of IRA allows you to invest in non-traditional assets, so there are a surprising number of industries and other areas to put the money towards. Today, we’ll discuss all the ways you can invest your self-directed IRA.…

Self-directed IRAs are becoming more and more popular every year. This is because they offer a lot of flexibility and control to the investor. With a self-directed IRA, you can invest in a variety of assets, including real estate, precious metals, and private businesses. In this blog post, we will discuss how to get the…

When it comes to growing your real estate IRA investments, there is a common strategy used that can have immense benefits and high returns. First Western Federal Savings Bank is proud to let investors and everyday folks across the country learn more about this BRRRR strategy, also known as “Buy, Rehab, Rent, Refinance, Repeat.” Our…

When it comes to generating profits for your future, owning income-producing real estate property within your IRA (individual retirement account) is an excellent means of doing so. Real estate is a type of asset that can fluctuate in value based on the nation’s ever-changing stock market; but nevertheless, renting out a home, apartment, or commercial…

Do you plan on applying for a loan and still have many questions in your mind? Do not be concerned. First Western Federal Savings Bank has the answers to your questions about non recourse financing.   How Do You Qualify for a Loan? If you’re confused about applying for a non recourse loan, there are three…

Farmers being a core part of a country, deserve access to an easily navigated banking system. As a farmer, you shouldn’t come across any kinds of hassles, particularly when getting your CRP payments. CRP payments are a way of providing you with income in return for the conservation of environmentally sensitive land. First Western Federal…