Finding loans with a 1099

[Christian Cody]

My fiance and I are looking to acquire our first REI. We are looking to do a house hack to get started in investing. The main problem we are facing is financing. We have the money for a down payment and the basic items needed (closing costs, fees, etc..). The problem we face is that we are both independent contractors and do everything through 1099. As the tax time comes, we are very good with our right offs. This makes our income seem far less on paper than it actually is. In turn, finding a financial institution that will give us a loan is extremely difficult. We are looking to buy and hold this initial multi-family property. I am sure with many investors it isn't unusual to have dealt with this before. I know many entrepreneurs are 1099. What advice can the BP community give in this situation?