Topic Title: Quick/Painless tax ? TIPS

First Post:

Hi! First off, Happy New years everyone!
I am new to the real estate community. I have been studying and researching for the past 3 months as well as talking with more experienced people. I recently heard from a friend about a 250k tax break when buying your first piece of r/e. I was wandering if anyone here knows anything about this or where the resource would be to look it up. fwiw, I plan on working in Texas.

The reason I ask is because I have a fairly large amount of liquid assets that I am interested in putting to work. I am both considering owning a quadplex or flipping some lower priced homes.

I am semi-educated in both topics but if anyone would like to throw in any tips/advice/info or other investing ideas I would also be interested to hear.

Thanks a lot, in advance

-Regards

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