Aspiring Real Estate Investor Just Starting Out

[Julez Seino]

Hey everyone, I'm very excited to start this journey in real estate investing. The 1st thing I know I have to do is get the funds. I'm shopping around for a Life Insurance policy to take out a loan against the policy for the funds. I've learned Whole Life is better Than Term Life for real estate investing. Please correct me if I'm wrong. So I live in NYC & looking to start out in the tri-state area. Being New York, New Jersey & Connecticut. And maybe Pennsylvania. I'd like to start out flipping single family homes and rental properties. I'm looking at homes under $200,000. Some of my questions are 

How much of an life insurance policy should I get?

What are those very 1st steps?

Do I start a LLC or a S Corp?

Any & all input is much appreciated. I'm coachable and want to learn this business. 

[Julez Seino]

Yes I realize now that life insurance option is crossed out. Lol I guess for funding I would have to take a loan out.