Owner Finance deed of trust

[Austin Metzger]

I have two properties I bought cash then sold and owner financed out of them. One is a residential (~100K balance)  other is  awarehouse (~170K balance) Is there a way to borrow against these? 

[Rick Pozos]

You should be able to go to your local bank and let them know that you want to hypothecate your loan. OR you can tell them that you own a mortgage and that you want to borrow against it. Most smaller, local banks will lend up to 50% maybe even 60% of the loan balance. They may want a little seasoning. It is not much to be able to get back, but you can do another deal or two with the proceeds. Then you can add value and owner finance that one. Then borrow against that one.