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Updated over 5 years ago on . Most recent reply

Account Closed
3
Votes |
2
Posts

Brrrr or not in sweden

Account Closed
Posted

Hello, I am living in sweden and i have since 2013 bought 2 single family houses. I have renovated the two of them and also got them re-estimated. One of them is estimated the doubble it's bank loan. The other is estimated more then the doubble of its bank loan. I still can't qualify for a new loan in aim to re-invest in a third house. What do I do wrong? I want to brrrr but to qualify for having a new loan I need a regular job according to the banks that I have spoken to in order to pay off the loans each month. It seems like the banks don't care that I have tenants... Can someone tell my what Im doing wrong? In sweden it is not at all common to get a hardmoney lender eather by the way.  Thank you for a great forum!

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12
Posts
15
Votes
Ulf Mansson
  • Rental Property Investor
  • Stockholm, Sweden
15
Votes |
12
Posts
Ulf Mansson
  • Rental Property Investor
  • Stockholm, Sweden
Replied

This is an interesting subject, how to use taxes to your advantage. I can highly recommend the book “Tax free wealth” by Tom Wheelwright. You can apply almost everything in the book to Swedish tax laws. So much you can do tax free in your corporation, Sweden is actually a tax friendly country if you do it right.

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