Investing in the stock market, 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 Federal Savings Bank …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
For as many perks as there are to owning a rental property, one of the biggest downsides is experiencing turnover. Not everyone who looks into owning rental property takes into account the hassle that tenant turnover can bring. The good news is that there are plenty of ways to deal with turnover, and even ways that you can try to prevent it from occurring in the first place. The non-recourse loan …Read More
In our previous blog, we talked about some key marketing strategies to implement for your rental property. Creating a web presence, figuring out your target demographic, and getting help where you need it are all essential to marketing. But if you don’t know why marketing is important, you might be less inclined to make it happen. Our non-recourse loan lenders have compiled several reasons why m…Read More
LeBron James is an exceptional basketball player, but if he hadn’t played in front of scouts, he would not be where he is today. J.K. Rowling is one of the most successful authors of today, but her name wouldn’t be recognizable if she hadn’t submitted her first “Harry Potter” drafts to dozens of publishers. It’s true for everything and practically everyone: if you want to be successful…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