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Updated over 10 years ago on . Most recent reply

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298
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261
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Nnabuenyi Anigbogu
  • Chicago, IL
261
Votes |
298
Posts

Should i switch to 1099

Nnabuenyi Anigbogu
  • Chicago, IL
Posted

Hello all,

I am currently looking to switch jobs and have been interviewing for BA type roles in corporate America. My question revolves around W2 vs 1099.

I am currently a W2 employee and i own one 4-unit property. I plan to buy 2-3 more by this time next year and im worried about what would happen if i became a contractor. Some of the best roles in my field are 1099 and I'm worried i would have a hard time getting conventional loans if i make the switch? (i want to max out conventional before going to portfolio)

What would you guys recommend?

Thank you

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