Gains within this account are tax-free if rules are followed, but avoid prohibited transactions to maintain account integrity.

✅ Pros: Lower costs, better cash flow, diversification, scalability⚠ Cons: Harder management, reliance on local teams, financing challengesTips:Visit the market first and build a trusted team (agent, PM, contractor).Choose landlord-friendly states with strong rental demand.Consider a low-maintenance property for your first deal.If staying local, you gain hands-on experience, but out-of-state investing can work with proper due diligence.2.

Yes, the city of Detroit has committed over $300 million to infrastructure and downtown renovations over the next several years, meaning long term appreciation gains should increase for the foreseeable future.........

*Look for properties where you can gain immediate equity by buying at a low price.

If you're just going in to learn, you could probably gain some value.

We kept and rented our primary residence for three years before selling it (and we didn't have to pay capital gains taxes).Thanks!

So at the end of the day, M1 has become a huge part of my life and I have gained best friends and upped my investment, horizontal income, and career. 

And while these groups help you a lot with the actual strategy, the best part is the network you'll gain which pushes you 10 times further then googling all the free stuff.

At the very least you will want to have some general foundations set because with time you will modify processes and the learnings via experience you gain.

I look forward to learning everything there is to gaining financial freedom and becoming an investor.