Newbie, could use a piece of advice.

[Cristian Castro]

Hello, Im a 21 year old newbie to this whole real estate investing. Located at Indianapolis, IN. I've got a good background of it from years of watching and learning from my father. So I currently own my own home it was purchased as a foreclosure and I did the rehab myself and now me and my wife and daughter live in it. My question is I want to redo that same cycle, look for a foreclosed home that needs repair to eventually live in it a couple of years to make it my primary residence. Then once I get it paid off, go on to the next one. While at the same time I'll be renting out my current home. And using the cash coming in from rent to pay for the home I'll be purchasing. And I wanted to know what you experienced investors had to say about that. Would it be a good way to get started in investing. What can I do to make getting a loan to purchase the next home. I've heard I can open a home equity line of credit but is that my best option. I appreciate all the tips and advice I can get. Thank you