Looking at making a purchase of a 3 family, was curious if anyone knew the section 8 process.

Hence, to reiterate the reason for adequate research before purchasing a property. 

But you have to purchase new investment property of at least as much as your net sale to avoid tax. 

It might not be the best method but it works for what I own because I only purchase performing notes. 

Quote from @Armani Diaz: Hello, I just purchased a rental property duplex through wholesaler.

I like to stay in the working class areas as they make enough to pay the rent and bills, but don't have the financial discipline to save enough to purchase their own home. 

Just wanted to introduce myself and enjoying the Bigger Pockets site and forums.

So if I’m understanding correctly, if you sell your home within 2yr of purchase, you don’t have to pay capital gains taxes? 

I have never purchased anything 'perfect' but all of my rentals could have been rented as they were upon purchasing them. 

Purchase price: $275,000 Cash invested: $275,000About this homeBeautiful 2 bedrooms 1 bathroom condo in the convenient location of Rowland Heights, close to bus stop, supermarket, schools, shopping centers etc. newer counter top in kitchen and bathroom. 2 parking spaces and storage room.