Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago on . Most recent reply
![Andrew Tucker's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/972827/1621506579-avatar-andrewt124.jpg?twic=v1/output=image/cover=128x128&v=2)
How do I leave a w2 job and remain bankable?
I'm a BRRRR investor looking to leave a W2 in the relative near future. My goal is to fill my time pursuing my investing career and working as a 1099 contractor.
I have been finding that conventional banking proves difficult until I’m able to prove two years of income on tax returns.
What are some good strategies in the meantime as I prepare to make the jump to be bankable in the early stages of my transition. As a BRRRR investor the refinance portion is crucial to keep pushing forward.
I am willing to set up up entities and have cash that I can trickle into them but need suggestions on good methods of creating the right paper trail.
Thanks
Most Popular Reply
![Joe Norman's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/178314/1624366248-avatar-josephnorman.jpg?twic=v1/output=image/crop=1125x1125@103x0/cover=128x128&v=2)
Second @Will Fraser - its all about having 2 years of tax returns. Some portfolio lenders make exceptions, but be prepared to pay higher interest rates for those loans. My advise, which probably isn't what you want to hear, is to keep that W2 income while building your 1099 income in parallel for the next 2 years. That way you can continue to get favorable refinancing terms while building the 1099 paper trail.
Good luck!