Should I clear my debt ($8000) or save up for a down payment?

[Vanessa Lago]

Well, I currently live in a rental property and the lease will be up end of June. I am torn between renting for another year or saving up for the next few months (especially since tax season is near) for a down payment on a duplex (house hack) and FHA will require a 3% down payment ($12,000). My credit score is between 647-650, I know FHA's minimum credit score is 580. I'm thinking save up and only pay minimums until I can purchase a house and then pay off the remainder of my debt or clear my debt, renew my lease, and wait until the year is up? Help!!!!

[Michael Heisterkamp]

If you have CC's definately pay that off before you start to save for a property.  The cost of capital on your credit cards is far higher than what you will make in real estate.