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Posts for 2016

Non-Recourse Loans: What you Need to Know When Using your Self-Directed IRA

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 self-directed retirement funds (like a self-directed IRA) to buy investment real estate.
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Retirement Industry Trust Association bi-annual Conference in Las Vegas

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 estate inside of their IRAs. RITA is essentially the voice of those trust companies in the U.S. and provides a forum for companies to interact and exchange ideas, encourage “best practices” within the industry, and to project and protect their legislative interests to Congress, the IRS, and the Department of Labor, who regulates self-directed IRAs.

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Self Directed IRA Summit 2.0

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 assets. Topics included Maximizing Your Self Directed Retirement Contributions, Prohibited Transactions, Checkbook Control and how to properly structure an IRA/LLC or Solo 401(k)/LLC.

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Non Recourse Loan Lender in Denver Colorado

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 where I am financing properties for these IRA and Solo 401K Plan investors.

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Non Recourse Loan Lender in Chicago

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 and Solo 401K Plan investors.

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Self Directed IRA Summit

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 of self directed IRA's, 401K's and IRA/LLC and most importantly from our perspective, how to leverage an IRA with a Non Recourse Loan to purchase investment real estate. I will co-present this topic with Mat at the 3:15 afternoon session.

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Non Recourse Loan Lender in Houston

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 is free and clear, or has leverage on it with a non recourse loan. Debt service coverage remains positive in the Houston markets where I am financing properties for these IRA and Solo 401K Plan investors.

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Non Recourse Loan Lender in Dallas, Texas

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 has leverage on it with a non recourse loan. Debt service coverage remains positive in the Dallas area markets where I am financing properties for these IRA and Solo 401K Plan investors.

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Non Recourse Loan Lender in Los Angeles

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 returns and profits, whether the property is free and clear, or has leverage on it with a non recourse loan. Debt service coverage remains positive in the Dallas and Houston markets where I am financing properties for these IRA and Solo 401K Plan investors.

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Non Recourse Loan Lender in San Francisco

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 strong vs purchase prices, and cash flow is producing positive rental returns and profits, whether the property is free and clear, or has leverage on it with a non recourse loan. Debt service coverage remains positive in the Dallas, Houston, and Miami markets where I am financing properties for these IRA and Solo 401K Plan investors.

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Debt Service Coverage Ratio (and what it means for your investment property)

Debt Service Coverage Ratio (DSCR) is a simple way of measuring the ability of an investment property to pay all its operating expenses and any debt that may be against the property. When leveraging your investment property with a Non Recourse Loan it is important to know if the property is capable of covering all its expenses from the rental income produced. This is measured by taking the gross rental income minus all typical operating expenses such as taxes, insurance, vacancy (we use 7% annually) maintenance, utilities, HOA fees, and management costs. The figure left after subtracting these operating expenses from the income produced is called Net Operating Income. The Net Operating Income or NOI is then divided by the principal and interest payments and that equation is a ratio of the NOI divided by the Principal and Interest.

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