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Updated almost 5 years ago,
starting a 1099 job and also wanting to buy a home soon
Hey everyone, it is great to be part of this new community. I will mostly be asking a ton of questions as I am new to real estate investing and other types of investing however I hope that in the future I will be better able to be a source of information as well.
I am in the process of taking on a new job and as it is a 1099 contractor position (selling insurance) and I am unsure of how this might impact my ability to apply for a loan and/or be granted one for a mortgage. I know that with a normal W-2 type job you only need like 3-6 months of employment to qualify (or so I have always thought) but does anyone know how this will be different with a 1099 job?
I am not sure if it matters or not but I will also be moving state in the process of hopefully purchasing the property.
Any info/tips/suggestions will be greatly appreciated =)