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Section 8 vs. Househacking a Duplex or Triplex
I am 23 and have saved up enough money to start my RE journey. I want to start out in househacking a duplex or a triplex but I am concerned with the interest rates on such a big investment for my first property. Alternatively, I have been researching going into section 8 to get my feet wet. This would require a much smaller downpayment & interest would not be nearly as big of a deal for these small single-family homes.
I am currently paying $1700 in rent and I despise paying rent, especially being in a financial position where I can afford to build equity in some manner or get a cashflowing asset to offset it.
My biggest hurdle with section 8 is finding a turnkey property that doesn't require a ton of renovations. I don't have a network of contractors or real estate investors in general to ensure the numbers make sense. Is it possible to find a single-family house for around 100k that is compatible with Section 8 standards? Everything I see online talks about required renovations to make the numbers work for these properties.