All Forum Posts by: Magnus Wikström

Hi Richard, do you work with foreign nationals?

Honestly, if you need to do a reimbursement draw schedule on flip project, that is awful. Ask for advanced draws or that they pay the contractor directly. The lender takes basically zero risk otherwise. And it damages the IRR on your project.
It's not gonna matter that much if you have a short term project and pay interest on the drawn or full amount in the end. There are certainly more than a handful of lenders that charges interest only on drawn funds, I would say more than half do. Well, good luck.

Seems too expensive to make economic sense... Sorry

@John Riordan I could have gotten this through. Pity you didn't get any responses

Hard Money Company should do it. But expensive

Hi @Venkat Ravuri,

We could be interested. Have you got any deals?

Hi Gregory,

Have you got any interesting deals?

@Lesa Simonyi Good point. So you should be able to pick up about 20 of those with high leverage and net say $800/mo on average. You'll easily surpass your goal. Although it's probably not that passive to manage...

Good luck

@David M. I'm looking to do this in the US, but I'm still not sure if I will target Swedish/Nordic investors or US investors. Hence it would be interesting to hear thoughts. It wouldn't be possible to do anywhere else in the world and get those nr's other than the US, thanks to the financial market. Why I'm hesitant towards the Swedish market is because they're extraordinarily locally focussed, and very risk averse. I'm slightly afraid of competition, going towards US investors, and running a higher risk of investors trying to bypass the middleman.

@Carlos Ptriawan Not bad.