Need some advice on obtaining second property

[Tyler Carpenter]

Hey all, sorry its been awhile since I have been on in awhile. I just wanted to say that this place has helped me a lot and wanted to thank everyone who helped me get there. I finally just got done rehabbing my first purchase in which I am currently living in with a roommate renting the other room for extra income. I purchased my townhome for 74,500 here in Aurora IL, and have put about 10k in it rehabbing it. The house has came back after appraisal at about 140k. I am really pushing to get another property in the next few months (possibly a flip), and not really sure how to move on doing so. I had an investor invest $40,000 with me in which I plan topay him back in about a year or so. Im planning on using a home equity line of like 30k to fund a down payment and rehab process for this next property but not really sure if there is seasoning regarding me only owning the home for about 2 months. Did know if anyone had any ideas or suggestions or real world experiences of what they did to get to the next level. Any input is appreciated greatly as always. Thanks again