Updated almost 3 years ago on . Most recent reply
Investing as 1099 employee
Question: How can I invest as a NEW 1099 employee (Ex. independent insurance agent commission only)? My last two years of taxes are from a different W2 job. How can I prove to the bank I can afford a property? I would like to house-hack FHA on a duplex, but if that's not applicable based on my new employment, I would purchase a single with 20% down. Is that my best option to get started? What are some strategies 1099 employees use to avoid waiting on the sidelines while they don't have 2 years of taxes to show? - Dina Joseph
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Try a local credit union! I'm having success with this right now.