Need loan for SFH

[Janet Taylor]

Hi,

I am moving to the Austin and surrounding area. I am closing on my house in Louisiana on Dec 4 which I paid cash for. I typically buy a house, live in the house while fixing it up and sell in two years. My credit is between 600-650. I bought my house I just sold for $44,000 and sold it for $125,000. I spent $35,000 on repairs. 

I am looking for a loan to buy another house and do the same thing. The house I am looking at is $135,000. It is a 2/1 that could be primarily rehabbed cosmetically with a kitchen and bath update. 

I can bring $50,000-$75,000 to the table but need the rest. So I need a private lender or traditional loan that will allow me to live in house while rehabbing. 

Thank you for your response,

Janet Taylor