Just joined these forums so hopefully this is in the right thread.I work freelence and W2 work and I want to invest in real estate next year.

Really just depends on your goals and what you're looking for

Hey @Ann McleanI just switched all of my policies to a local agent with a major company.

Can I assume his note, for 1M and just borrow 1M from SBA in second position?

Yes sir we just 100% refinanced...Used the same credit union who had the original debt. 

Just drop it.

@Eric S. new britain. that is your answer. i invest there. i spent my whole life in CT besides the last few years. i know the area well. i own a few multi-family properties there currently. i went CCSU in new britain and lived in the town for 10 years. its an incredible source of cash flow and, in my opinion, the current mayor is doing all the right things. i actually see growth happening in that town, compared to the rest of CT that is struggling. happy to help in any way i can. just let me know!

I wouldn't fire the agent just because the property hasn't sold yet.

They apply, but you are just subject to gift tax at that point, which does not actually result in a tax bill for you, but a reduction in your total giftable allowance which is ~13M dollars. 

Do not put rental properties in an S Corp.Generally, you should have an S Corp for flips, property management operations, commissions and any other activities that generate ordinary income.Passive investments should be held in pass-through entities like partnerships.I'm not an accountant, but I have clients and personally had to pay taxes to move long-term holds out of S Corps just to change title (e.g. for refinancing).