Blog
Navigating the complexities of retirement account investing requires a lender that stays by your side long after the documents are signed. At First Western Federal Savings Bank, we believe that “in-house” is more than just a buzzword; it is a commitment to our clients. By keeping our loans within our own portfolio, we provide a…
Read More
For many investors, securing a non-recourse loan is the key to unlocking new real estate opportunities within a self-directed IRA. While the process offers significant benefits, it’s essential to approach it with a clear strategy. At First Western Federal Savings Bank, we’ve guided countless clients through this journey and have learned valuable lessons along the…
Read More
When considering investing in real estate using IRA non-recourse loans, it’s crucial to understand the potential risks involved to make informed decisions. Let First Western Federal Savings Bank in Rapid City, SD, help you understand what can happen if you take out this type of loan for real estate investments and connect you with the…
Read More
When it comes to retirement planning, Individual Retirement Accounts (IRAs) offer various options for saving and investing. Two common strategies used by savvy investors are IRA non-recourse loans and self-directed IRAs, both of which are available through First Western Federal Savings Bank in South Dakota. But what are both of these and how do they…
Read More
What is Cash-Out Refinancing and How Can it Benefit Your Self-Directed IRA or Solo 401K? Cash-out refinancing is simply taking advantage of or leveraging the equity built up over the years on your rental property owned within your self-directed IRA, solo 401K, or IRALLC. Through either paying off an existing non-recourse mortgage loan on the…
Read More
With ambiguity still flooding the travel industry and people taking a break from vacationing, you may be pondering your current vacation property investment. COVID-19 has put a hold on many things, and vacation rentals have been no exception. People are concerned with their health and safety, as they should be, and are staying home due…
Read More
With so many steps involved in the process of buying a property, it can be easy to lose track of everything. There are many qualifications that need to be met when applying for a non-recourse loan. You need to have a property in mind, but it also needs to meet the requirements. You need to…
Read More
Our non-recourse lenders will dive into the debt service coverage ratio (DSCR) in today’s blog. Understanding the DSCR is instrumental in planning how to leverage your self-directed IRA with purchasing a rental property. Read on to find out everything you need to know about the DSCR. How Much Debt Will a Property Support? Purchasing real…
Read More