Possible to lower tax bill?

[Kenny Tran]

Hi everyone, I recently sold a house and made 80k net profit. Can I defer paying taxes on the 80k if I bought an investment property with the earnings? I currently am in the process of buying 2 properties and putting down a total of 50k. I am using the proceeds from the 80k to purchase these 2 investment properties but I dont know if its possible to lower my tax bill by purchasing these.