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Your vacation rental property could serve as an incredible asset. Not only can it provide you with an added source of income through renting it out to visitors and tourists, your vacation rental property stands as a real estate investment — one that could definitely appreciate in value over time. However, the non-recourse loan lenders…
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Welcome back to our blog series on choosing a higher value property! In our first blog, we talked about some of the myths behind buying a fixer upper. Fixer uppers have become a buzzword in recent years, in part due to their increased exposure and glamorized appeal from the many television shows that have graced…
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Welcome back to our blog series on vacation trends! As an FDIC-bank and the nation’s leading choice in non-recourse loans, we are dedicated to keeping a finger on the pulse of types of investing trends. In the world of real estate investing, this is an excellent time to act on turning a property into a…
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The approach of spring means lots of things: warmer weather is on its way, plants and trees are getting closer to start budding, and, of course, vacations are soon to be booked. From spring break to Easter weekend, airline prices and the frequency of traffic jams are sure to be on the rise. This is…
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At First Western Federal Savings Bank, we’ve talked about the Conservation Reserve Program to relatively great lengths. We’ve discussed some of the frequently asked questions regarding the CRP, we’ve talked about the reasons you should enroll as a farmer or landowner, but one thing we’ve yet to address is what the CRP looks like in…
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At First Western Federal Savings Bank, we’ve been known as being the nation’s leading resource for non-recourse loans. Since we opened our doors in 1979, we continue to serve farmers, potential home buyers, and virtually anyone in need of a quality FDIC. Yet one of the other things that we are known for is the…
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Welcome back to our blog series on maintaining and achieving a good credit score! In the first blog of our series, we broke down the essential pieces of having a good credit score, and why this is important. There are so many opportunities that can present themselves when you have a credit score that speaks…
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It’s a number that impacts so many parts of your life. Your method of transportation, your home, even your education are so heavily reliant on three digits. In the 21st century, having a good credit score is what sets you up for financial success—or denies you financial opportunity. Many are already aware of the importance…
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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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