Blog
When choosing a retirement plan that is right for them, many people scroll through the list of IRAs and may have trouble understanding the difference between them all. Each plan is governed by the same IRS rules and provides nearly the same tax advantages. However, a Self-Directed IRA is a traditional IRA, but it’s more…
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Fall is here, which means that the cold weather isn’t far behind. This means that you may need to get started on the list of maintenance tasks that you’ve been putting off all season. You want to make sure that your rental property is in tip-top condition so you attract renters, and also maintain the…
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What is Cash-Out Refinancing and How Can it Benefit Your Self-Directed IRA or Solo 401K? Cash-out refinancing is simply taking advantage of or leveraging the equity built up over the years on your rental property owned within your self-directed IRA, solo 401K, or IRALLC. Through either paying off an existing non-recourse mortgage loan on the…
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A non-recourse loan is a loan where the lenders are allowed to foreclose on the collateral pledged for the loan, if the borrower defaults on their obligations and fails to pay their debts. Lenders are allowed to take possession of any assets used as collateral to secure these loans, and unlike recourse loans, only the…
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Amid the COVID-19 pandemic, nearly every single industry has been affected and faced with the unique challenge of finding ways to overcome the obstacles that the pandemic and the stay at home orders are leaving behind. This is uncharted territory for everyone, which leaves the real estate industry specifically two options: adapt to the changes…
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With ambiguity still flooding the travel industry and people taking a break from vacationing, you may be pondering your current vacation property investment. COVID-19 has put a hold on many things, and vacation rentals have been no exception. People are concerned with their health and safety, as they should be, and are staying home due…
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The Housing Market Now 2019 showed a shortage of inventory in the housing market, and the trend for 2020 may only intensify that, especially when paired with the lockdown that the U.S housing industry is on. Construction for new homes has been halted nearly entirely and real estate agents can’t show homes. Inspectors can’t inspect…
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There are many beneficial ways you can save for retirement, and an IRA is one of them. An IRA, or Individual Retirement Account, is essentially a savings account with tax breaks. You are able to place your money in an IRA so you can invest it while saving for your retirement, and it’s typically something…
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When planning for retirement, the earlier you start saving and investing, the better off you are. Even if you start saving later, you are still contributing to a financial life vest that is going to keep you afloat when you face times of hardship or financial uncertainty. These times are often unpredictable, but just because…
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Purchasing investment real estate isn’t something you become a professional at overnight. As a matter of fact, it takes a lot of practice, a lot of research, and a good support team to do it right. The real estate investment industry is competitive, meaning that you will have to be savvy in order to become…
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First Western Federal Savings Bank has posted many blogs outlining what self-directed IRAs are and how you can utilize its advantages and the benefits of property investing. There is a wealth of knowledge within these blogs, but the facts may still be elusive to those who are starting out in their investment ventures and want…
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Buying real estate is a sound investment and a great way to get you ready for retirement. Purchasing a rental property ensures that you will continually get income while diversifying your investment portfolio. Whether you’re investing in residential property, commercial property, a multi-unit property, and agricultural property, then, depending on the area that you have…
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