It's trying to find that balancing act. 

You pay them down instead and usually around to the 25% to 30% credit limit to balance ratios for best results.

Here are the details:Assumable loan balance: $750k at 2.75%List price: $950kDownpayment needed: $200k to cover the differenceMy initial plan to make this deal work included a few options:Getting a loan for the $200k difference.Bringing in a partner.Asking for seller financing.However, when I discussed these options with my agent, I hit a few roadblocks:Second Mortgage: My agent said no bank would provide a second position loan for the $200k.Seller Financing: He mentioned that 99% of sellers would reject this, though we're asking anyway.Agent's Advice: He suggested I just get a conventional loan and put 5% down for the full $950k, but I feel this defeats the purpose of leveraging the assumable loan.Given these challenges, I’m trying to figure out the best way to raise the $200k.

His goal is to grow wealth through real estate investments with a balanced approach, minimizing time commitment, and maximizing returns.- He recently inherited a 3-bedroom single-family home in Fremont, CA, valued around $1 million, currently rented out for $4,000/month.Alex's main concerns are balancing his full-time job with the demands of real estate investment, managing cash flow effectively, and understanding the potential tax benefits.- What investment strategies should he consider?

After pm forwarded my case (tenant did not pay rent) to collection agency, the judgement claim balance is $7,569.33.

If you took out a separate loan secured by the second property, and that will be used as a second residence, then it is potentially deductible - subject to all of the other limitations of personal mortgage interest like the $750k balance cap.

Asking as a seller to keep track of payments, loan balance etc. 

Do some deals get some experience, make some money, and build your balance sheet.

BUT if it gets your deal done with less cash out of pocket, might be worth considering a higher rate until you can build some more equity/ pay down some of the balance, and the refi into something more reasonable in terms of rates.

So rent for now.Own the debt until that balances--yes the underlying house price may go up, but that's fine you're also more equipped.