Hello BP,

I am a 22 year old aspiring real estate investor located in Minnesota. Over the last several weeks, I have been speaking with lenders about getting pre-approved for an FHA loan to execute a house hack.

My problem is, since I graduated college last year, I have been working as a 1099 independent contractor. As many of you know, I keep getting the same push back - "You need 2 years of tax returns as an independent contractor to qualify." I have 7 months. 

I have a meeting set up with a tax professional to see if I can put my independent contractor income under an LLC and then pay myself with a W2, that would speed things up, but I want to move faster than that. And I am not sure yet if it is possible.

I would love to hear some feedback from people who have experienced this or have any ideas of how to get around it. I feel like this is a hurdle I should be able to get over, but I am running out of ideas.