Updated almost 6 years ago on . Most recent reply
Brrrr or not in sweden
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!
Most Popular Reply
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.