1. A Reference Guide For Non-Recourse Loans

    A non-recourse loan is a loan where the lenders are allowed to foreclose on the collateral pledged for the loan, if the borrower defaults on their obligations and fails to pay their debts. Lenders are allowed to take possession of any assets used as collateral to secure these loans, and unlike recourse loans, only the collateral will be taken if the borrower defaults. Recourse loans favor the lend…Read More

  2. Tips for Getting Renters This Season

    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

  3. The Housing Market Now, and How it Could Change

    The Housing Market Now 2019 showed a shortage of inventory in the housing market, and the trend for 2020 may only intensify that, especially when paired with the lockdown that the U.S housing industry is on. Construction for new homes has been halted nearly entirely and real estate agents can’t show homes. Inspectors can’t inspect houses, appraisers can’t appraise, and any closings that are …Read More

  4. Bolstering the Funds in Your IRA/Solo 401(k) and Maintaining Liquidity in Challenging Times

    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

  5. The Benefits of Property Investment

    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

  6. Building Up Your Retirement Savings

    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

  7. Why Your Rental Property Shouldn’t Allow Pets

    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

  8. Should Your Rental Property Allow Pets?

    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

  9. Dealing With Renter Turnover

    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

  10. The Downside of High Renter Turnover

    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