W2 to Self Employment: Creative Financing Options

[Mitch Foster]

Hey Bigger Pockets, back in April I switched from a W2 job I had for 5 years to self employment. I've talked to about 30 lenders and get the typical response of "you need 2 years of verifiable self employment income". Did anyone else buy a primary residence while in a similar situation? I'm looking for creative deal ideas, good private lenders for single family, primary residences, and whatever you think may help me achieve my goal in the short term. Are there any good resources for owners offering seller financing or is this something I need to start asking every seller? 

[Jason Wray]

No you cannot use DSCR for Primary but you can use (1) year 1099's or again the 12 months bank statements to use teh gross deposits div/12 for a monthly income.