Obtaining a mortgage without verifiable income

[Account Closed]

So I'm trying to start my journey with rental properties but one big concern I have is the mortgage. I currently make a large portion of my under the table and is not verifiable income. I have $40k saved up for the down payment. I'm just curious to what my options are to obtain the mortgage. Thanks

[Brandon Battle]

I am going to assume you don't declare that income to the IRS on your tax return and pay the proper amount of taxes on it.If it is not on your last two years of tax returns,you will get no credit for it from the traditional banks and lenders which means you ability to borrow money will be based solely on what little you do declare and have taxed properly.Your savings and checking account s and stock holdings are irrelevant,only your verifiable monthly and yearly income.Your only choice would be a hard money lender at an enormous interest rate.