Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago on .
Need to move out of FHA house with roommate
Hey, Guys.
I just bought my house for 175k in tampa florida with 3.5% down with FHA loan and I have 3 roommate who's staying there to cover my mortgage. Now for some reason I can't be in that house that ofter and it's owner occupied loan and one of roommate can't be leave until end of july.
What is the best option for me right now, should I find some to assume my mortgage or Should I sell it with roommates living there.
I spent about 13k to renovate this house. If I really have to leave what is the best way to reduce my loss.