In my experience offering GAP loans, I typically charged between 12-15% interest and 3 points due to the loan size.

Dave must have screened out anyone who had debt before he interviewed them because I don't believe his experience could logically be extrapolated to society at large.

If you do decide to have a "partial" 1031 exchange and use some of your 1031 sale proceeds to pay off debt on other assets, you'll just want to make sure that the improvement in cash flow offsets the tax liability that you incur from your partial exchange AND the lower rents from potentially buying a less valuable property with your partial 1031 exchange. 

Hi Summer - here's my experience as well.

@Brian Williams what was your experience with Crestcore?

I have 20 plus years experience in sales.

Any experience in the DMV market or just with scaling in general?

Lacking the capital and building experience to develop it ourselves, we want to offer the backyard as a "Developer Special" on the MLS.We’d rather not risk demolishing our home at the front of the lot.

Thanks for sharing your experience with your place in Rehoboth! 

Phoenix area has a lot of golf courses, so they can experience humidity from the watering of those courses, and depending on where you are, it may smell like grass soup on a hot day (golfers' paradise).