What is the best lender for a 1099?

[Jane Sosi]

Hi Bigger Pockets Network, 

I am currently an independent contractor, which means that my employment status/income looks a little wonky on paper. Considering I work from home for my business this leads to what seems like a costly expense. I wanted to know what are some alternative mortgages I can qualify for as an independent contractor. I am looking to buy an investment property in Philadelphia while living in NYC and have enough savings to do so. Let me 

All tips are welcome : ) Thanks! 

[Diana Muresan]

@Jane Sosi 2/3 of my borrowers are self employed, they buy more real estate than my W2 borrowers. Anyway, back to your scenario, if you purchase an investment property your income is not as relevant, it only needs to cover your current expenses, we use the net rent on your purchase and we added to your monthly income. Btw, if you are self employed for at least 5 years, only 1 y of tax returns is required. Ah, also, line 30 from Sch C, which is Use of Home as business is actually added to your income, hope that helps