A HELOC is best used as a short term debt instrument.

Hard money is a short term debt instrument that is not a substitute for a new investor not having cash.

The home is walking distance to breweries, restaurants, music venues, the river, etc.

Any suggestions on how to find a similar investment opportunity being a first position lender with a security instrument as a trust deed or a morgage?

That time period is 6 years in Georgia for activity on the account, which includes mortgages.However, banks have argued and have won that statue of limitations is 21 years because the security deed is a sealed instrument under Georgia law, which has a separate statute of limitations.https://scholar.google.com/scholar_case?

He's just started at Quicken Loans as a mortgage banker and she works in the music industry.

A crying shame.Respectfully,GaryWe are not nothing but a nation of laws.I was just reviewing a deal I am going to fund on 25 homes in Ohio and my client signed some sort of note that I had never heard of and is Unique to the state of OHIO and its the most lopsided one sided debt instrument I have seen in 45 years of doing this I was just astounded. gives all rights to the lender and totally punitive to the borrower.  

You will make mistakes initially; however, they will be instrumental in growing your investment portfolio.

My guess is that if you do call them they could have some sort of protocol that might trigger some of that investment paperwork... but as far as I know, mortgages are sort of “at that time” type of instruments.  

The fact that the interest rate that had the highest number of bids this year was 5% vs. 7% having the highest number of bids last year - proved out that investors were settling for lower rates in 2014 than 2013.Until interest rates start ticking up for other low risk instruments I think we'll see these low rates in tax liens.