All Forum Posts by: Marshall Easlick

Hey, @Gabriel Smith

I am in the same boat and, although I don't have answers for you, I'd like to hear what other people have to say. I have looked at getting a HELOC to pull equity out of my rental property and I recently had a forum thread:

https://www.biggerpockets.com/forums/86/topics/542...

It doesn't have the answers that you're looking for (which product is the best option) but it has some local bank recommendations in Fort Collins that you might want to check out for comparisons.

Also, regarding market timing, I am currently reading a book titled Timing the Real Estate Market by Robert M. Campbell. It was recommended to me by Dave Van Horn and so far it's pretty interesting and seems viable.

@Russell Gronsky, did you mean Boardwalk or Broadway?

Thanks for the recommendations, everyone. I'm going to start making phone calls today.

@Bill S., this would be a HELOC on my investment property, a rental SFH. Do credit unions provide these lines of credit on non primary residences?

@Jeff Zinsmeister, I am planning to pulling it out of my investment property if it would cashflow well enough after doing so. Why do you ask? 

I wouldn't pull it out my primary residence because I used a VA loan, borrowed 100% LTV, I barely have any equity in it, and now my mortgage payment is too high. I work in the oil fields and if I were to lose my job, I would be house poor unless I rented out the the second bedroom. It's not the best financial position but it was the first mistake I made and I wouldn't use a VA loan again without a better plan.

@Steve Shafer and @Matt M., I checked out First Bank and the internet said that they are the largest privately owned bank in the U.S. I don't have much experience in real estate but, from what I have heard in podcasts and read on the forums here, it seems like I want an even smaller bank.

I will give Blue CU a call. Thanks, Steven.

@Bill S., do credit unions work with folks in different cities? ie would Westerra work with me if I live in Wellington and invest in Larimer County?

@Bill S., I forgot to tag you in my response.

@Paul Valdes

Thanks, Paul. I actually put a phone call into a Fort Collins Branch earlier today and I'm waiting to hear back. Glad to know they're good.

Well, I have about $141,000 equity in my house and I want to pull it out to invest in property and pay off some private money that I used to help buy the house. 

I've done a little research on it and it sounds like a HELOC is the best option but I'm not sure. I wanted some recommendations so I could make some phone calls and compare options.

The title says it all! I have worked with Wells Fargo and Cornerstone lending so far but I want to work with a local bank for my next move. Does anyone have a good recommendation for a 'small' bank in Fort Collins, Colorado?

I'll be there. Thanks, Dave!

Google circadian rhythms. I forget what it's called but there is something right above where your optic nerves cross that detects light and is part of what determines sleepiness, which is why most people who work graveyard shifts have a hard time with their sleep schedule.

Typical circadian rhythms are about 90 minutes, plus or minus a few minutes depending on the person. The 8 hour sleeping period is not appropriate for most people and it was actually "invented" during the industrial revolution when they decided to divide the day into thirds: one for work, one for play, and one for sleep.

Sleeping is not entirely understood but there is a lot of research on it and it is widely believed that it helps with learning and physical recovery. Hence why people sleep more when they work out- their bodies need to rebuild that muscle. Also, students should sleep more because of all the learning they do. More sleep means more retention.

Another important thing is that as people get older, they generally need less sleep. There Are case studies of really old people who sleep 4 hours per week. This is all information I learned in college back around 2005, so there might be some changes or some downright inaccuracies here.

One more thing to check out (but isn't very relavent here) is adenosine versus histamine.

I try to make sure that my circadian rhythms line up with how much time I have until I have to wake up. I wake up at 5am and I try to go to sleep at 9:30pm in order to get 7.5 hours. However, if I miss that 9:30pm target time, I stay up until 11pm to avoid that groggy feeling (accumulation of adenosine in synaptic clefts).

If there are any neurologists out there or good Googlers who want to correct me, my feelings won't be hurt.

PS it's called the optic chiasm