Any 1099 employees struggle getting financing?
Hey ya'll,
So I recently got a job that's going to be paying 100% commission after my training is over. I've read a bit on how its harder to obtain financing as a 1099 employee vs a W2 and how lenders typically want to see at least 2 years of earnings before they consider lending you out a loan. Are there any 100% commission based people here on bigger pockets that may care to share there experience with trying to go the conventional lending route while being 1099? Because I just started this job I don't want to have to wait 2 years before I'm eligible to aquire a conventional loan. I'm thinking I may have to be more creative with my financing if I want to invest by the end of this year.
Thanks Everyone!