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First Western Federal Savings Bank is a FDIC insured Non Recourse Loan Lender! San Francisco and Bay area real estate investors are using their self directed IRA’s, 401(k)s, and IRALLC’s to purchase quality rental properties with Non Recourse Loans in Florida and Texas. Dallas, Houston, Miami and other Florida area market rents continue to be…
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Buying a property with a non-recourse mortgage can seem like an exceptional way to generate some additional income. And truthfully, it can be! As we’ve talked about, purchasing a property with a non-recourse loan and turning it into a rental can provide you with a financial asset, and a way to generate some revenue through…
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First Western Federal Savings Bank has been financing “Vacation Homes” for rent all across the country. Because of our customer’s success and repeat business, I attended the Home Away VRBO, www.vrbo.com, and www.Homeaway.com, summits in Atlanta and Denver over the past few months. I was fortunate to meet many vacation owners and hear their success stories. I…
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Join Roger St. Pierre from FWFSB and Dimitriy Fomichenko of Sense Financial for an informative webinar explaining the details of leveraging your next real estate purchase with a Non Recourse Loan.
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The Retirement Industry Trust Association (RITA) held its annual conference in Washington, DC on March 23-24, 2015. I took the opportunity to sponsor this event and speak with the CEO’s of all the major self directed IRA Custodians, Administrators, and Facilitators of Self Directed IRA’s and 401K’s. This was a terrific event to hear from…
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Is there a retirement crisis looming? Many experts think so, given that “about 45% — or 38 million working-age households — have not started a retirement fund of any kind,” according to a May 6 article in the Huffington Post. This disaster-in-the-making can be easily remedied, with some definitive and smart saving. Other than not…
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Have you turned to a self-directed IRA for a smart real estate investment? Nearly all Americans have heard about the looming retirement crisis. Figures such as “53% of the civilian workforce participates in or contributes to a retirement plan,” according to U.S. News and only 48% contribute to retirement accounts in the private sector, are sobering. When…
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A few years ago, a famous violinist died and left his daughter a total of five million dollars in assets. According to Forbes, part what was left to pianist Laura Harth Rodriguez by her deceased father was two million dollars in retirement accounts. What Rodriquez wanted to do was purchase a three-story-building in an up-and-coming neighborhood…
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Presented by Mat Sorenson of KKOS Lawyers and Roger St. Pierre, Sr. VP First Western Federal Savings Bank Mathew Sorensen, Partner, KKOS Lawyers, and author of The Self Directed IRA Handbook and Roger St. Pierre, Sr. VP, First Western Federal Savings Bank, on Buying Real Estate with Your IRA and a Non-Recourse Loan. This webinar…
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The world of finances can definitely be a tricky one to understand, with so much confusing terminology and tiny differences between borrowing options and repayment plans. So, in hopes of clearing up some of the confusion, here’s a small guide to something called a non recourse loan. What is a non recourse loan? A non recourse…
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Working Americans almost all look forward to retirement, but the fact is, retirement these days isn’t as sure a thing as it used to be. In fact, almost half of retired Americans are considered to be economically vulnerable, and about one in four Americans think that they will have to work at least until the…
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The Solo 401K is a self directed retirement trust that allows the Trustee of the Solo 401K Trust to direct his or her retirement funds into investments that they know how to make money at. Whether that may be a real estate investment or business, the Solo 401K has several advantages over the typical self directed…
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