New Home

[Corean Anderson]

Hi, I am new to Bigger Pockets and I am becoming very interested in real estate investing. I am pretty young and I just bought my first house and it went very smoothly. Now that I am considering investing, I am wondering if I should start with fixing up and selling the house I live in (but then where would I go from there after gaining profit?) or if I should just focus more on saving to buy another house that I can flip? I just bought my house less than a month ago for 78K and it is in a great neighborhood so I know I could easily make a profit since it has already been appraised for 5K more than what I bought it for without me having fixed or changed anything. Would I be able to borrow money for a second house to flip or would I have to save for most of it? I don't really know where to go from here. Also, would I be able to borrow enough with the new mortgage to rehab it or is that usually with borrowe money like credit cards and smaller loans?

What should I especially AVOID when looking for a house to flip?