To remain a 1099 contractor or become W2?

[Josh Miller]

Hello,

So I am seeking some advice on my employment status. I have recently entered the real estate game after watching on the side lines for many years. My wife and I own now 3 properties and so far it’s been great. About 7 months ago I accepted a position with a company that offers me a 1099. I have tried to refinance and pull my money out of the properties to buy more but unable to qualify for a refi since I don’t have a long enough time as a 1099 employee.

I am thinking of requesting my employer to offer me a W2 which I am certain he will if I requested. My question is should I request to be a W2 employer and easily be able to get financing or remain a 1099 with great tax benefits and struggle with traditional financing and ultimately slowing my real estate growth.

I appreciate the feedback and look forward to the responses.