You made a very good suggestion to have backup file saved. 

This is a good way to get underwater real fast.This is an unwise suggestion. 

I’d suggest you dig into the numbers, compare it to what a regular sale would give you, and talk to someone who specializes in this type of deal.

I would suggest keep learning and dig deep on the one real estate strategy you selected to pursue. 

However, inventory levels have decreased, with 1,191 homes for sale in December 2024, a 4.3% decline from the previous month, suggesting a tightening market.

I would suggest you getting on mailing lists of seller carry back notes and then market to those folks directly I get letters all the time on my seller carry backs that I do.

Considering recent market insights, reallocating your $300K brokerage account into a multifamily property while keeping your townhouse rented could be advantageous.Warren Buffett’s Berkshire Hathaway has accumulated a record amount of cash, suggesting a cautious stance due to potential market overvaluation.

So, Ray, what do you suggest we do?

I would suggest approaching the borrower on an accelerated pay out with an incentive.

Your scenario is possible but not probable...admittedly I have never done what you suggest I've been the seller financing sales in my IRA, but I have read several BP contributors that have substituted collateral.