The only listed cost is $455 for the taxes associated with recording the Deed of Trust/Mortgage instrument in the county records.

.; maybe you liked the same music, maybe you had the same sense of humor, etc.).

I am a licensed private pilot with instrument rating-- short story I aspired to one day become a professional airline pilot.

Your money is secured by a first trust deed against an equitable real property and you would put certain other safety instruments and agreements in place.  

Cool thing you guys both have the love for music in common. 

I don't remember the dollar amount, wasn't huge, but it was a lifeline I would wish later I had back.Then I breezed through the next 8 questions, only using my ask the audience for a question about Broadway or music producers, and since I don't follow pop culture much, and the show is taped 2 blocks from Broadway, I figured that was the time to use that lifeline.Come to question 10. 

Study the last real estate correction (and pretty much every one in recent history) and you'll learn what happened to investors that got in late in the cycle and used short term, adjustable instruments like HELOC's.

I also founded a record label in 2012 which has started seeing interest from the likes of Virgin EMI and Universal Music. 

They used their HELOCs for frivolous vacations and car purchases but when the music stopped and all of a sudden their payments (in addition to their first mortgage) increased (maybe even doubled), they were unable to pay them off and thus had to foreclose. 

@Logan Hassinger My SDIRA is used as a debt instrument and has a guaranteed return.