If the LTV is within the lnder's acceptable range, typically 75%-80% for commercial properties, the equity you've already built can satisfy the down payment requirement for the new loan.For example, if your property is appraised at $350K at the time of refinancing and the lender requires a 10% down payment ($35K), your existing equity ($50K down payment plus any principal reduction) would more than cover this, eliminating the need for additional cash outlay.

Principal reduction isn’t included.

Since the interest rates are lower, try the VA Interest Rate Reduction Refinance Loan (VA IRRRL).

Here's a snippet from our starter course on becoming a Local Real Estate Developer and it will help you understand where the value comes into a development project to see how to weight the equity and deal terms based on the experience of the partners in the deal. 

You could also ask the seller for a reduction, he's probably not happy about this either....

Otherwise it should 10-12% (it depends but if you add the leasing fee and weight it across 36 months then it will be more accurate than the flat fee)I'm not seeing 100-150$ per month for maintenance and I'm not seeing any similar amounts for capex reserve.Don't pay for utilities unless you have to for some reason.PP: 241kClosing costs: 3% is ~7.25k1-month vacancy: 1.8kLeasing fee: 1.8kImprovements: 5kAre you all-in for around 257k?

I do both real estate and stocks but my portfolio is heavily weighted towards real estate.

The weight of my failures bore heavily upon me, casting a shadow over every aspect of my life.In the midst of my darkest moments, when it felt like I was drowning in despair, I found myself at a crossroads, teetering on the brink of surrender.

Most sellers will agree to some price reduction or concessions in this market if the appraised value is low.

We should see a reduction in licensed agents.Of course, none of have a crystal ball but what I do know is that With Big Change Comes Big Opportunities.As always please feel free to reach out if you would like to discuss this further.