All Forum Posts by: Guy Mulanax

Hello everyone, I have a question about 1031 exchange. Is it possible to do a 1031 into a new property, then a year later do a cash out refi and get my money back without paying capital gains?

2 Votes

Originally posted by @Kyle Parks:

I just found Luke Carls' enemy method. Its pretty solid imo.

with that said - I would assume the issue would have something to do with rising home prices, and STR rates not pacing the market.

For example - I bought my double for 110k 5 years ago. Renovated and started STR (self manage) a year ago. A home down the street sold for 235k last year, they hired a PM. we went all out and spared no expense. To make their numbers work they had to buy cheaper furnishings.

fast forward 9 months. We are at 100% occupancy on both units. They are at 35% or so. They simply cannot compete with us. They have to charge more for an inferior product.

Try using a tool like AIRDNA.

Thanks for the advice. I think his enemy method is spot on but I’ll try Airdna. Maybe I need to look in a little larger cabins.

1 Vote

Originally posted by @Paul Sandhu:

Try Wynnewood Oklahoma. The refinery there is converting their hydrocracker for renewable diesel sources. It's a $110,000,000 project. If it is successful, they are going to do it in my town on a larger scale. The contractors doing the work need a place to sleep, cook and do laundry.

Thanks I’ll look into that. I noticed that we are neighbors I’m from Baxter Springs, KS

0 Votes

I am currently working on a cash out refi on one of my rental properties, and I'm looking to use the money to get in to short term rentals. Everyone seems to have nothing but good things to say about Gatlinburg/Pigeon Forge market. But I have been using Luke Carl's enemy method researching properties on Airbnb and Vrbo and having a hard time finding deals that make sense. I don't know if I'm making a rookie mistake analyzing these properties or maybe there's just not any that will cash flow to be found on the MLS. Is anyone else running into this problem?

1 Vote

Thanks for the advice. I had forgotten about state income taxes. My other properties are in TX so no state income taxes.

0 Votes

Memphis, Tennessee

Thanks for the reply. I may be wrong about the crime. I use the Trulia crime map I’m not sure how accurate it is.

0 Votes

Memphis, Tennessee

Anyone familiar with investing in West Memphis, AR? I moved to Memphis, TN a couple of weeks ago, and I have started looking for my next investment. While doing my research of the area I came across West Memphis. There doesn’t seem to be a lot of rentals there and the crime appears to be lower than most areas in across the River in Memphis, TN. Am I missing something?

0 Votes

Memphis, Tennessee

All Forum Posts by: Guy Mulanax

Guy Mulanax has started 3 posts and replied 7 times.

Post: Cash out refi after 1031 exchange.

Post: Analyzing properties in Gatlinburg/Pigeon Forge.

Post: Analyzing properties in Gatlinburg/Pigeon Forge.

Post: Analyzing properties in Gatlinburg/Pigeon Forge.

Post: Rentals West Memphis, AR

Post: Rentals West Memphis, AR

Post: Rentals West Memphis, AR