Claiming Cash income to a lender

[Thomas Forsythe]

Hey everyone, i'm currently trying to get my finances in order to purchase my 2nd rental property. I work as a carpenter and 40% of my income is paid under the table. I also do cash jobs on weekends and evenings. My lender won't finance the next mortgage with my current income. Is there any creative financing i can do to show them the cash income? I've only met with the one lender, have not seen another mortage broker. I've estimated my 1st property at $140 000 and currently owe $76 000. The lender said they could refinance and give me $30 000 in equity as a downpayment for 2nd property but my current income isnt suffcient. Any advice? They recommend someone to cosign the mortgage or taking out a 2nd mortgage on the equity in the property. Thanks!