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You’ve been with us all along for parts one and two, and in our third installment on our rental property blog, we’re going to look at some final tips on owning a rental property. The team at First Western Federal Savings Bank is the group of people you need to get the non-recourse loan you’ve…
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Welcome back to our series on rental property tips! Owning a rental property can be a lot of work, and definitely a worthy challenge, but the benefits and advantages can be extremely worthwhile. We know that getting a non-recourse loan is the first step to getting a rental property, and our non-recourse loan lenders at…
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There are so many advantages to owning a rental property, and particularly, being able to acquire one through using your self-directed IRA in tandem with a non-recourse loan. With a rental property, you can receive an additional source of income, flexibility in how your income comes through, and a financial asset that could provide long-term…
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As the non-recourse loan lenders at First Western Federal Savings Bank know, performing proper due diligence is key to making any sound investment. Purchasing investment rental property using funds in your self-directed retirement account and non-recourse loan is no different. Having a strategy in place to evaluate the key metrics of an investment property can…
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When you think of a non-recourse loan, you, of course, think of mortgages and buying a house through a self-directed loan (who doesn’t?) The non-recourse lenders at First Western Federal Savings Bank are perfect for helping you on your way to getting a non-recourse loan, but there are actually many things you can do with…
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One of the things that the United States is known for and prides itself upon is found in the world of being a small business owner. The epitome of capitalistic ventures, small businesses employ over 56 million people across the United States, and actually comprise over 99 percent of businesses in total. Millions of Americans…
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Going to the bank, setting up an account, ATMs, it all seems so simple. We can get paid and hardly think twice about it with direct deposit, we can transfer money from accounts practically seamlessly, it’s 2017 and the banking system as we know it is about as easy as can be. Many of these…
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As we’ve discussed in a previous blog post, an IRA non-recourse loan (also known as an IRA loan) is a loan made to a self-directed IRA for the purpose of acquiring real estate assets. With this information, we know that a non-recourse loan is crucial for making an investment in real estate a reality. Though…
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The aspects and intricacies of the financial world come as naturally as breathing to some people. For many of us, however, the world of finances is practically its own separate planet, complete with a super confusing foreign language. However, there are some key financial terms that are important for everyone to know, even if they…
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One of the resources that First Western Federal Savings Bank is proud to offer comes in the form of CRP Payments. This is a resource available to many people across the country who work in one of the toughest industries, but these payments are relatively unknown to the vast majority of the country. In today’s…
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If you’re considering purchasing a property for rental income, there’s no doubt you’ve already asked yourself questions pertinent to the financial risk involved. For example, will the extra income cover the upkeep of the property and the cost of the loan? Will the property’s value increase over time? But have you also considered existing methods of…
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