1. 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

  2. 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

  3. 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

  4. 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

  5. Preparing Your Vacation Rental Tip #3: Set Up Procedures

    Welcome back to our blog series on preparing your vacation rental property for the summer! In our first post, we discussed how it can be important to do a run-through of your appliances and air conditioning to ensure general maintenance is performed as necessary. Our second blog of the series discussed the importance of decorating your vacation rental property to ensure it has a cohesive look to i…Read More

  6. Preparing Your Vacation Rental Tip #2: Decorating

    Welcome back to our blog series on preparing your vacation rental property for the busy season! As summer rolls around, the vacations and trips and travel plans start to pick up. This is a time when families, couples, friends, and solo travelers alike all love to explore and see someplace new. With so many people capitalizing on the warmer weather and extra vacation time, this is an equally excell…Read More

  7. Qualifications For A Non-Recourse Loan

    With so many steps involved in the process of buying a property, it can be easy to lose track of everything. There are many qualifications that need to be met when applying for a non-recourse loan. You need to have a property in mind, but it also needs to meet the requirements. You need to have enough money, but there are other financial regulations that need considering. First Western Federal Sav…Read More

  8. Using Your Self-Directed IRA

    Oftentimes, people contribute to an IRA without much thought going into what they are doing. And, gradually, over time, it may slowly build and hopefully one day they can retire and have their money doing the work, while they rest. Many people fail to recognize that there are other financial opportunities available with their IRA.  We’re going to go over some of the many reasons that using a se…Read More

  9. Choosing a Higher Value Property

    Welcome back to our blog series on choosing a higher value property! In our first blog, we talked about some of the myths behind buying a fixer upper. Fixer uppers have become a buzzword in recent years, in part due to their increased exposure and glamorized appeal from the many television shows that have graced our channels. However, there’s no mistaking that a fixer upper is an extraordinary a…Read More

  10. The Myths of Buying a Fixer Upper

    You’re ready to buy a house to turn into a rental! This is an absolutely amazing, exciting, and thrilling time — and of course, a time that’s filled with decisions to be made. Do you want to turn this property into a regular rental? Or are you leaning more towards using your non-recourse loan to purchase this house with the intent of renting out to vacationers and tourists? Should you buy a …Read More