Blog
Too often, banks give clients the runaround. Large banks like to be vague. They don’t want to offend anyone, so when their officers decline a loan, they either rely heavily on policies and corporate speak or scapegoat the “loan committee.” This communication style leads clients to believe that something other than the stated reason is…
Read More
Let’s talk banking horror stories. I’ve heard more than a few from friends who’ve been ignored, manipulated, or flat-out lied to by their financial advisors regarding non recourse loans. The root of these toxic relationships is when banks care more about the products they’re pushing than the human beings who walk through their doors. Now,…
Read More
Many people are asking for a non-recourse real estate loan these days, especially those who live in states like California, which have consumer non-recourse real estate loans for personal residences. There is a difference between those kinds of non-recourse loans and the loans that First Western Federal Savings Bank provides for investors who use their…
Read More
First Western Federal Savings Bank sponsored the Retirement Industry Trust Association (RITA) Conference recently held on October 27-28, 2016 in Las Vegas, Nevada. The Retirement Industry Trust Association (RITA) is the formal association of regulated Banks and Trust Companies in the U.S. that offer self-directed IRAs to clients who want to hold alternative assets, such as real…
Read More
The Self Directed IRA Summit (www.sdirasummit.com) in Scottsdale, Arizona on May 7th was an awesome event. In case you missed it, Mat Sorensen of KKOS Lawyers put together a full day of comprehensive learning on Self Directed IRA’s, Solo 401(k)’s, and LLC’s as the structure for self directed plans investing in real estate and alternative…
Read More
Denver, Colorado and Front Range area real estate investors are using their self directed IRA’s, 401(k)s and IRALLC’s to purchase rental properties through a Non Recourse Loan. Rents continue to produce positive cash flow on well researched and purchased properties in the Denver Colorado area. Debt service coverage remains positive in the Denver area markets…
Read More
Chicago area real estate investors are using their self directed IRA’s, 401(k)s and IRALLC’s to purchase rental properties through Non Recourse Loans. Rents are strong enough to produce positive cash flow on well researched and purchased properties. Debt service coverage remains positive in the Chicago area markets where I am financing properties for these IRA…
Read More
Like all investments, taking out a non-recourse loan with your self directed IRA or 401k could be a financially regrettable or rewarding decision. It comes with its own set of implications, requirements, and risks, and the decision to invest in real estate using a self-directed IRA should not be a hasty one. So before you take…
Read More
Self Directed IRA Summit is an exciting learning event upcoming in Scottsdale, Arizona on May 7th, 2016. Mat Sorensen, attorney, author, and expert on IRA/LLC and Solo/401K plans is having a great day of learning on the topic of Self Directed IRA’s and Solo/401K’s at the McCormick Ranch in Scottsdale. The conference will cover all aspects…
Read More
First Western Federal Savings Bank is a FDIC insured Non Recourse Loan Lender! Houston area real estate investors are using their self directed IRA’s and IRALLC’s to purchase quality rental properties in Texas. With market rents continuing to be strong vs purchase prices, cash flow is producing positive rental returns and profits, whether the property…
Read More
First Western Federal Savings Bank is a FDIC insured Non Recourse Loan Lender! Dallas area real estate investors are using their self directed IRA’s, 401(k)s and IRALLC’s to purchase quality rental properties. With rents continuing to be strong vs purchase prices, cash flow is producing positive returns, whether the property is free and clear, or…
Read More
First Western Federal Savings Bank is a FDIC insured Non Recourse Loan Lender! Los Angeles metro area real estate investors are using their self directed IRA’s and IRALLC’s to purchase quality rental properties in Texas. With Dallas and Houston area market rents continuing to be strong vs purchase prices, cash flow is producing positive rental…
Read More