If you can't find pre-approval.....

[Matt Lawrence]

I have been trying to get pre approved for almost 2 years now. I now have a credit score of 800, have enough money to cash buy 3+ homes & because of my job I cannot be financed.

I am a professional poker player & file taxes as a professional gambler. I have been doing it for 6 years now & have filed taxes every year to show for. My lender recently notified me that freddie mac & fannie Mae guidelines have changed that don't count gambling income as "income".

This puts me in a bad position as I want to invest in more homes, but without getting financed I'm limited on what I can do & at this moment I don't want to change jobs because of this change. I only have 1 investment property currently as I had to get a co-signer (my mom). I have thought about different ways I could purchase homes - continue to find a co-signer & pay them a fee? Find investors & put in their name & I manage it & we split the profits? Start to find bigger investors so I can cash buy homes? (which would be hard to find a way to pay back their investment $80,000 - 10% return on a 6 year plan would be $1482/month & I rent for approximately $1k/month).

In this situation I felt the BiggerPockets community could help. Are there options that I am missing? ( I'm sure there are :)) What would some of you do in my situation if you wanted to progressively obtain rental properties long-term to have 100+?

Any help is greatly appreciated!

Thanks,

Matt