How to finance my first investment

[Jerry Thompson]

Hello All,

I am very green to the Real Estate Investment industry.  Currently I am eyeing foreclosed properties in hopes of flipping them for a profit. 

I asked myself how would I finance the purchase of the home, and the renovations. 

I arrived to this idea: 

Apply for a home loan through a bank for the purchase of the house, and take out a business loan for the renovations.

Would this be the best route to take for a newbie with no personal connections?

Any thoughts/advice would be greatly appreciated.