How can I take out a mortgage on a property to start flipping foreclosures?

I have never had a job. I am self-employed with ample cashflow to make mortgage payments, but no bank I have asked will let me take out a mortgage without two years of tax returns.How can I take out a mortgage on a property to start flipping foreclosures?
Do you report your income to be taxed? If you're not playing by the rules I don't see why anyone would want to help you out in that respect. I have heard of others who were able to get mortgages on self employed income when it is provable and reported to the IRS, as income is supposed to be.How can I take out a mortgage on a property to start flipping foreclosures?
Don't read/listen to the news much,eh? Since you don't seem to have heard, there's what's being called a credit crunch, due to banks lending money to people who couldn't continue to pay their mortgages.


That leads to foreclosure (ie the houses you want to buy). Some of these folks couldn't document their income (via tax return). So why would the banks loan $ to you, if your issues helped lead to this collapse in the first place?
Many of those foreclosed homes have become that way because of speculators and ';flippers'; Now is not the time to try to flip houses unless you want to join the people who have bitten off more than they can chew.
that is the rule. sorry but self employed people have a greater risk in the market place as they are not proved to have sustainable income