Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago on . Most recent reply

Should i switch to 1099
Hello all,
I am currently looking to switch jobs and have been interviewing for BA type roles in corporate America. My question revolves around W2 vs 1099.
I am currently a W2 employee and i own one 4-unit property. I plan to buy 2-3 more by this time next year and im worried about what would happen if i became a contractor. Some of the best roles in my field are 1099 and I'm worried i would have a hard time getting conventional loans if i make the switch? (i want to max out conventional before going to portfolio)
What would you guys recommend?
Thank you