By partnering with a non-recourse lender, you can use your IRA to start investing in real estate. This is a great way to make passive income if you plan on renting out your new properties or selling them later. But investing in property isn’t simply a way to print money. Not every investment into a home, apartment complex, or agricultural lot will yield a high return on your investment. Indeed, …Read More
The 4th annual Self-Directed IRA Summit was held on June 8 in Chicago and First Western Federal Savings Bank was honored to be a sponsor of the event. Our very own Roger St. Pierre, Senior Vice President at the bank, was able to speak about non-recourse lending and self-directed accounts. The summit focused on helping new investors seeking to master the foundational concepts of the loan, as well a…Read More
Even though investing in a rental property can be a method of earning some passive income, anyone looking to invest in real estate has to dive deep into the responsibilities (both upfront and long-term) investment strategies, the real estate market, and the long-term potential for growth, or even the potential for a decline in the value of the property. When investing is simply approached from the…Read More
Whether you are investing in the stock market or investing in a friend’s business, there are tons of investment opportunities out there, all of which show potential in growing your financial portfolio. Why should you leverage your self-directed IRA to invest in rental property? Why should you apply for a non-recourse loan to make this happen? Our non-recourse loan lenders at First Western Federa…Read More
It seems like it was not that long ago that our non-recourse loan lenders were talking about prepping your vacation rental property for winter, but here we are, already thinking about summer! They weren’t lying when they said “time flies.” Summer is a big season for most vacation rental owners. You want to be sure that your rental is fully ready to withstand the heavy traffic of the season. …Read More
Our non-recourse lenders have talked about the different types of IRAs, we’ve talked about different types of retirement accounts, and we’ve talked about how you can use your self-directed IRA or solo 401(k) to invest in rental properties. But in order to retire or to qualify for a non-recourse loan, you need to have sufficient funds in your account. Here are some of the best ways that you can…Read More
Planning for retirement is a necessary financial step for every person to take. But how each person plans for retirement depends on their specific goals and what they’re looking for. Some might just want to be able to live comfortably, without having to work full-time, and get by without any lavishness. Others might want to invest and grow their financial portfolio, using their retirement accoun…Read More
Welcome back to our blog series on the pros and cons of allowing pets in your rental property. By allowing renters to have pets, you’ll likely have more renters to choose from, and could potentially see some financial benefits as well (check out our previous post for more details). But as is the case with everything in life, there’s always a catch. Our non-recourse loan lenders are going to ex…Read More
You apply for a non-recourse loan, you get approved, you purchase your rental property — you’re well on your way to becoming a successful property owner! As set up as you might feel, however, there are a number of details to consider before you start renting out the place. One of those is figuring out if you’ll allow pets on the premises. As your non-recourse loan lenders of choice, First We…Read More
Welcome back to our blog series on renter turnover! This can be an unfortunate downside of owning a rental property, but our non-recourse loan lenders have tips to make it easier. Learn more in our blog, and apply for a non-recourse loan with First Western Federal Savings Bank to turn your investment goals into a reality. Whether looking to refinance your current IRA loan, wanting to invest in a v…Read More