You can borrow 50% of the balance or $50,000 whichever is less.

I have a commercial property free and clear (land and building) and want to borrow against it.

I use my extra money and borrowing ability to buy cash flow rentals out of state that actually really cash flow as opposed to a maybe break even asset that my only hope is for the market to trend up and is based on what someone in DC decides to do that effects the economy as a whole, or what 1 million other people in my local metro suddenly decide that pushes value one way or another.

There is also the possibility of a loan agreement being draft as non-recourse or recourse (when the law allows).So, if the debt exceeds the value of the property and the state is a non-recourse state, the bank will not be able to pursue the borrower personally (barring a separate agreement like a personal guaranty).

@Mark Ferguson- They don't tell you were blacklisted, they just stop paying attention to your bids since they think you won't come through.

A good teacher never stops learning, some need a review that's all.Ben, I have seen your stuff, I've read some posts and heard a podcast, but I have no idea what you're teaching.

Work this plan and you will never borrow money from a bank again.

The lender becomes aware that you, the borrower, has been deceiving them.

Stay committed to your goals and don't let anything stop you, especially naysayers!

New investors sometimes think "if I get investors to kick in $200K, and I borrow $800K from the bank, then I'll own 80% and they own 20%".