Doing the 90 day challenge, but trying to figure out best loan

[Diana Rivera]

Hi there! I Live in California, but found a Single-family home that I want to make an offer on in Illinois. It's owned by the bank/ foreclosured And on the market for over 100 days. I did a short sale in 2015, so I cannot do a conventional loan as I had anticipated. From what I understand FHA takes too long to process and so I would hold the property for longer than I want… I know that there are other options like private money and portfolio lenders, but was Wondering if anyone had any advice? It would be my first time flipping a home, So I really appreciate anyone willing to take time and share some advice.

Thank you!

Diana