Cash out refi before 1031... oops?

[Jackson Long]

Okay so here is the timeline...

I kick off a bunch of cash out refinances in western WA to purchase property in eastern WA.  While on the drive I listen to the entirety of the Get Rich Education podcast.  My brain explodes.  I back out of my deals in eastern WA and give up my earnest money.  I drive to Memphis.  I make deals.

Then after much thought and spreadsheeting I decide- **** Tacoma.  I am going all in on Memphis.  And I put the first of the Tacoma properties up for sale.

I *OF COURSE* want to 1031.  I know they frown on cash out refi right before.  But A) I had a compelling business reason and B) I actually did redeploy the money into real estate even if it wasn't in the 1031.

How much trouble do you think I am in?