Amid the COVID-19 pandemic, nearly every single industry has been affected and faced with the unique challenge of finding ways to overcome the obstacles that the pandemic and the stay at home orders are leaving behind. This is uncharted territory for everyone, which leaves the real estate industry specifically two options: adapt to the changes and get creative to stay competitive, or refuse to cha…Read More
There are many beneficial ways you can save for retirement, and an IRA is one of them. An IRA, or Individual Retirement Account, is essentially a savings account with tax breaks. You are able to place your money in an IRA so you can invest it while saving for your retirement, and it’s typically something you do with your bank, a brokerage firm, or a mutual fund company. Furthermore, you can even…Read More
When planning for retirement, the earlier you start saving and investing, the better off you are. Even if you start saving later, you are still contributing to a financial life vest that is going to keep you afloat when you face times of hardship or financial uncertainty. These times are often unpredictable, but just because we don’t know when they’re coming doesn’t mean we shouldn’t prepa…Read More
Looking to open up your investment opportunities or bring in some additional revenue streams? Investing in real estate is a great way to do just that. Here at First Western Federal Savings Bank, we can connect you with the financial resources you need, like an IRA non-recourse loan to start investing in real estate. But how do you get the most out of your investments? Once you’ve purchased a pro…Read More
When you first start investing in real estate using a non-recourse IRA loan, you might be looking for ways to streamline the process. Since you’re dealing with property and houses, you might start wondering if a real estate license would be advantageous to have. You’re not alone in these thoughts. Many who invest in real estate have the same thought process. But is getting your real estate lic…Read More
When you’re on the search for a source for an IRA non-recourse loan, you’re going to find a variety of options. But distinguishing a good lender from a bad one isn’t always easy, especially when you can work with lenders online. So once you’re ready to start investing in real estate, how are you supposed to determine which lender to work with? The easy answer, of course, is to work with …Read More
Once your tenants no longer occupy your rental property, it's up to you to maintain the property while it's empty. While your lease undoubtedly had a stipulation that the previous tenants had to clean the property before they left, the fact is that some people are more thorough in their cleaning than others. While some property owners may hire a cleaning service to care for their multifamily prope…Read More
In previous blog posts, we discussed the downsides of high renter turnover and offered a few ways you can deal with this process. Rental turnover can be a hassle for you especially if you're new to owning and maintaining rental properties. After all, for every minute the property remains unoccupied, you’re losing potential revenue. Fortunately, as one of the leading providers of non-recourse loa…Read More
By using a non-recourse loan from your IRA, you can begin investing in rental properties. This is a process that takes a lot of time, effort, and emotional energy. Of course, once you purchase the rental property, that time, energy, and effort doesn't end there. You need to find renters and tenants that show the same respect for your investment that you do. This isn't always an easy task, and find…Read More
By using a non-recourse loan from your IRA, you can quickly and easily invest in real estate. Of course, the properties that you own will not garner you any passive income if you don't have renters occupying the property. While this might sound difficult to do, you can be clever about which pieces of real estate you invest in. When it comes to investing in a property, be it residential or multifam…Read More