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 houses, appraisers can’t appraise, and any closings that are …Read More
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 you do with your bank, a brokerage firm, or a mutual fund company. Furthermore, you can even…Read More
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 we don’t know when they’re coming doesn’t mean we shouldn’t prepa…Read More
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 successful in it. Real estate is a challenging business that requires organization, networ…Read More
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 to know more about self-directed IRAs before they get their feet wet. In…Read More
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 invested in, you may be v…Read More
You may not be surprised to find out that seasonality does affect the real estate market, and these effects differ from season to season. Real estate is cyclical, so if you’re prepared, have done your research, and are a little more flexible, then you may be able to take advantage of these predictable indicators. In addition to the time of the year, when it comes time to purchase a rental proper…Read More
The industry of self-directed IRAs is a changing field, making it necessary to learn valuable insights about the shifts in the field, the trends, and best practices. This information is even more necessary if you are new to investing in real estate or are a prospective investor. This specialty information can be difficult to find, and finding the right lending options to invest with can even be mo…Read More
Looking to open up your investment opportunities or bring in some additional revenue streams? Investing in real estate is a great way to do just that. Here at First Western Federal Savings Bank, we can connect you with the financial resources you need, like an IRA non-recourse loan to start investing in real estate. But how do you get the most out of your investments? Once you’ve purchased a pro…Read More
During any discussion of finances, someone will inevitably mention credit scores. Credit plays a major role in finances these days, and depending on the state of your credit score, it can help or hinder you in making major decisions like investing in real estate. As a non-recourse loan lender, we’ve worked with clients to get them the financial support they need to invest in real estate option…Read More