Made a Mistake Trying to House Hack

[Spencer Shapiro]

I had lived in a SFH for 4 years. Then, in order to generate more income and also move closer to work, I decided to sell my house and move into a 4 unit MF in a city where I live in 1 unit. I just moved in and 4 days in, I already know I have made a horrible mistake. The other tenants are very loud and the walls are thin. The space is way smaller than I thought once I put my stuff in and I can't even fit everything I need. It's only been a few days and I cannot bear to live here very long. A multi family is not for me and I have to move back into a single family home. I was completely wrong about being able to live with other tenants in the city and am really embarrassed and devastated with this situation.

I got a lower down payment loan (10%) and good rate for this property with the intention of me living in it but I already know I can’t and am honestly panicking in tears. I need to get another mortgage and get back into a single family home. I’m not sure what my options are here. I would want to keep it as a rental since I don't want to immediately sell it obviously and lose a ton of money on my mistake.

I obviously don't want to commit any mortgage fraud and that was absolutely not my intention at the start but I have to do whatever it takes to get out. I would want it eventually in only my name but my parents would help with any situation I need (cosign, coborrow, down payment, or even buy it maybe), however, I just need to get out ASAP. Please let me know if anyone has any ideas.