Advice on finding funding

[Mike Bell]

Hello all,

I have came across a good deal that im having an issue finding funding for. I have looked into the FHA 203K and others like it but have yet to come up with my best option. The property is a semi distressed property for 125k, ARV 220K. I have 10K to put down and keep enough in savings for repairs. The home will not pass an inspection due to mildew/mold in the basement. I was uable to obtain at 203K due too already having an FHA on my townhouse. I plan to make this my primary residence so I could obtain money to make the original purchase, fix it to meet a lenders requirements and refi into a traditional or VA loan. looking for some advice before someone else picks up the deal. Thanks