Welcome back to our blog series on the pros and cons of choosing the right type of rental property to invest in. In our first blog, we looked spent a lot of time looking at setting up a vacation rental property — one that’s solely used for guests on vacation, looking for a place to stay on their trip. With a long-term tenant rental, this is a property that’s leased out to renters as their pl…Read More
You want to own a rental property, and there are plenty of reasons why. You want the added income that comes from renting out a home or a vacation property. You want a tangible investment, one that appreciates in value over time. You want all these things, which is why you want to work with the non-recourse loan lenders at First Western Federal Savings Bank to get a rental property loan to make th…Read More
Applying for a non-recourse loan is essential to purchasing a property that can be turned into a rental. You can own a rental property (and use a non-recourse loan to help obtain it) in any of the 50 states, but many people wonder: What kind of rental property should I set up? Do I want to have a vacation rental, or a long-term tenant rental (such as a property where tenants pay rent and partake i…Read More
We’ve mentioned it a number of times: you can use a self-directed IRA to apply for a non-recourse loan, which can then be used to purchase an investment property. We’ve focused nearly exclusively on the non-recourse lending side of things (which makes sense, considering that’s in our wheelhouse), but we’ve yet to spend some time discussing self-directed IRAs. A lot of people want to get in…Read More
A self-directed IRA is a necessary financial tool for all adults to consider. There are plenty of benefits that come from this type of retirement plan — all of which we’ll cover in an upcoming post — but in today’s blog, we’re going to address how to set up a self-directed IRA. With this retirement plan you have the freedom to invest in other types of investments such as real estate. Whe…Read More
As we stated in a previous blog, fewer people are buying homes than in the past 50 years. On top of that, many people are having some serious buyer’s remorse — in fact, nearly 70 percent of millennials who have bought their home regret doing so. We’ve started to touch on this in prior blogs, but this presents an incredibly unique opportunity for you, as someone who invests in rental properti…Read More
When we’re looking into a bigger project or bigger investment, doing our research is crucial. Choosing a college, for example, means looking at the necessary requirements, as well as figuring out if it’d be a good fit for you. Buying a house means researching the neighborhood, completing an inspection of the house or property, and figuring out the financial impact that this will have. In addit…Read More
Welcome back to our blog series on debt! In our first blog, we covered some important ways and strategies that can help you better manage your debt. Debt can feel very singular, but nearly all of us are affected by it. Today, our non-recourse lenders are going to examine some of the current facts and debt trends in the United States. When we have more information on a topic, we’re more equipped …Read More
There are a number of requirements you need to meet in order to qualify for a non-recourse loan. From the correct documentation to the correct type of rental property you’re looking to purchase, you need to have all your ducks in a row when you start the application process. But even before that happens, you need to make sure your credit’s in a good place — and for that to happen, you need t…Read More
When you’re applying for a non-recourse loan, there’s a good chance you’ve already looked at our online application (if not, view it here). The application itself can seem pretty detailed and even a bit complex, but we promise that our non-recourse lenders are here to help make everything a bit simpler and more transparent. There are a number of things that you need to include with your appl…Read More