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Navigating the world of self-directed IRA investing requires a partner that truly understands the nuances of specialized debt. At First Western Federal Savings Bank, we specialize in providing the expert guidance and stable funding necessary for these unique transactions. Working with a dedicated portfolio lender offers significant advantages that traditional, high-volume banks simply cannot match.…
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As we approach retirement, many of us seek to diversify our portfolios beyond traditional stocks and bonds. For those in South Dakota, a powerful and often overlooked strategy is using a self-directed IRA to invest in real estate. This path offers a unique blend of stability and growth potential. At First Western Federal Savings Bank…
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Purchasing investment real estate isn’t something you become a professional at overnight. As a matter of fact, it takes a lot of practice, a lot of research, and a good support team to do it right. The real estate investment industry is competitive, meaning that you will have to be savvy in order to become…
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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,…
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When we’re looking into a bigger project or bigger investment, doing our research is crucial. Choosing a college, for example, means looking at the necessary requirements, as well as figuring out if it’d be a good fit for you. Buying a house means researching the neighborhood, completing an inspection of the house or property, and…
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When you’re applying for a non-recourse loan, there’s a good chance you’ve already looked at our online application (if not, view it here). The application itself can seem pretty detailed and even a bit complex, but we promise that our non-recourse lenders are here to help make everything a bit simpler and more transparent. There…
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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…
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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…
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Welcome back to our blog series on maintaining and achieving a good credit score! In the first blog of our series, we broke down the essential pieces of having a good credit score, and why this is important. There are so many opportunities that can present themselves when you have a credit score that speaks…
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