1. All About Roth IRAs

    With a self-directed IRA, you can apply for a non-recourse loan, which can be used to purchase a property that will be turned into a rental. It might seem simple, and to many in the financial world, it is, but some of that jargon can make understanding IRAs and non-recourse loans a bit more difficult. First Western Federal Savings Bank is here to explain how Roth IRAs work, and how they can be use…Read More

  2. Which IRA Is Best?

    It doesn’t matter how old you are, it’s never too early to start thinking about your retirement savings. Interestingly enough, however, your retirement savings don’t need to solely be used for retirement. With the right circumstances and the right IRA, you could actually use your IRA for investment opportunities — if that’s something you’re interested in, of course. The non-recourse le…Read More

  3. Pros and Cons of Property Mangement Companies

    Pros And Cons Of Property Management Companies

    Once you’re approved for a non-recourse loan, you can truly begin thinking about your rental property. You’ll start thinking about its purpose, who it’s going to serve, and all the ways that you’re going to prepare it. The list of things to get your rental property ready is a mile long to say the least, but it’s fun and exciting all the same. At this point, many people start wondering if…Read More

  4. Why Is Marketing Your Rental Important?

    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

  5. Vacation Rental vs. Tenant Rental, Part II

    Welcome back to our blog series on the pros and cons of choosing the right type of rental property to invest in. In our first blog, we looked spent a lot of time looking at setting up a vacation rental property — one that’s solely used for guests on vacation, looking for a place to stay on their trip. With a long-term tenant rental, this is a property that’s leased out to renters as their pl…Read More

  6. Vacation Rental vs. Tenant Rental Properties

    You want to own a rental property, and there are plenty of reasons why. You want the added income that comes from renting out a home or a vacation property. You want a tangible investment, one that appreciates in value over time. You want all these things, which is why you want to work with the non-recourse loan lenders at First Western Federal Savings Bank to get a rental property loan to make th…Read More

  7. Rental Properties by Location

    Applying for a non-recourse loan is essential to purchasing a property that can be turned into a rental. You can own a rental property (and use a non-recourse loan to help obtain it) in any of the 50 states, but many people wonder: What kind of rental property should I set up? Do I want to have a vacation rental, or a long-term tenant rental (such as a property where tenants pay rent and partake i…Read More

  8. Benefits of a Self-Directed IRA

    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

  9. How To Set Up A Self-Directed IRA

    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

  10. Why Are Fewer People Buying Homes?

    As we stated in a previous blog, fewer people are buying homes than in the past 50 years. On top of that, many people are having some serious buyer’s remorse — in fact, nearly 70 percent of millennials who have bought their home regret doing so. We’ve started to touch on this in prior blogs, but this presents an incredibly unique opportunity for you, as someone who invests in rental properti…Read More