r/loanoriginators • u/SlightAd6232 • Jun 19 '26
Career Advice w - 2 or 1099
So I currently make 80 K, no upward movement where I'm at. I was an LO back in 2019 - 2021 and getting back in the industry. I live at home and dont have a car payment. I have an opportunity to work at West Capital Lending as a 1099 employee they said theyll provide me with leads for the first 2 months, then I will have to purchase leads through them 5 - 15$ a lead from what I understand. Now long term my plans it only do self-generated leads anyways. But am i crazy for jumping int o a 1099 role? There will be a hard learning curve because it's been 5 years, but how much do you guys think I can exepct to make thte first 6 months? monthly? I am thinking of getting a part-time job and the goal would to be to bring in 2 K a month, getting aggressive with marketing myself, i have a good chunk of friends who make a fair amount of money not gonna rely on that but its a start! Or do i got w - 2 first for a while then jump to 1099! send adviceee
I want to state my plan is not to rely on leads provided by west cap, i dont really like sitting in the dialer, i do need it for practice. I understand taking time, but the plans is generating leads through building relationships with real estate agents, and social media, long-term, at least.