Trying to get a morgage without having a 9-5 job any advice?

[Joshua Mercado]

I make my income flipping liquidation pallets and make more than I did when working a 9-5. However, that isn’t how a lender would view it at all. To a bank I have no income. Anybody have any advice on how to get approved? I would love to get my first rental property this year!

[Bridgette Delva]

Hey @Joshua Mercado I'm not sure how long you've been flipping pallets but your tax return is the next best thing to proving income for non-traditional or unpredictable income streams.  That would mean, however, that you'd have to claim the sources of income and pay taxes.  I'm not a lender but they may also look at your bank statements to demonstrate a pattern of income so that could also support your income verification.  Essentially, they'd consider you self-employed so those are two ways that I know of for proving income.

Alternatively, you could look into finding a hard money lender but they'll cost more than a traditional mortgage and require that you have more reserves that traditional mortgages.  Plus they won't lend you money unless there is significant return for them.  The plus side is that most don't care about your credit or income source but your experience level may play a role.