If they have a good interest rate it might be worth looking to see if you could assume their loan to take advantage of the lower rate.  

Did you use a hard money loan for this? 

@Brian Rocha It’s clear why most lenders insist on including rehab funds in the loan, and all of our partner banks follow this practice for fix-and-flip loans to minimize risk and meet securitization standards.

@Cody Caswell there's several things to ask about here that might not be answerable in a forum:- Why do you need an FHA loan?

If you have multifamily commercial loans, you will likely have to repay the loan in the near future instead of having the payments applied to the end of the loan. 

Hello everyone,I'm in the final stages of creating a free guide designed for foreigners interested in investing in Mexican properties.

Hello all,
I'm looking to buy my first multi-family. I have a large lump sum saved in an investment account for down-payment and any additional costs. I currently have no debt and make under $100k a year. Because of ...

The process of buying, getting a loan and settling to closing was extremely smooth.

As an update on what we have been doing, we have finally completed on the house in Peniche! 

A self-directed IRA or 401k can be a great vehicle for loaning money to others without getting hit with taxes on the interest income.