@Rich Chen, You could do what's called a diversification exchange and use all of the tax and depreciation recapture you would normally pay and reinvest it into multiple investment properties, just like you're thinking to do.

My other modifications from The Oracle of Omaha's advice is diversification via "O" and "GLD".

I believe high diversification reduces risk.  

It offers better cash flow and diversification, but comes with less control and higher reliance on others.

Cash flow, long-term appreciation, generational wealth for kids, diversification, etc.

dutch mendenhall and amy vaughn radd diversifed Elon Musk’s X says it wants to shake up financial media with a reality TV showthat forms a key plank of its original programming initiative.

You don’t need to rush - wealth preservation is just as important as growth.Brokerage Accounts – Pros & Cons**Pros:*** Liquidity: Easily accessible funds when needed* Diversification: Exposure to stocks, ETFs, index funds, etc.* Long-term growth potential* Tax advantages (especially in retirement accounts or with tax-loss harvesting)**Cons:*** No cash flow unless you're dividend-focused* Market volatility: Stocks can drop 20–30%+ in corrections* Less control: You’re a passive participant vs. real estate where you can force appreciationReal Estate Investing – A Smart Supplement:Real estate, especially long-term rentals (LTRs) - could be an ideal complement to your brokerage accounts:* Monthly cash flow for lifestyle freedom* Tax benefits (depreciation, cost segregation, 1031 exchanges)* Appreciation and leverage options* More control over your investmentIf you want something more passive, turnkey rentals in the Midwest or Southeast are great entry points - low-maintenance, managed properties in cash-flowing markets with strong rental demand.You don’t have to choose just one path.

This ability to absorb extreme events is due to things other than my cash flow (diversification).if I offered $10 for rolling a 6 on a 6 sided die, but you had to pay me $1 per roll, you likely would be willing to do this as long as I was willing to do it even though your chance of winning on any one roll is one out of 6.  

Depending on your investable assets, placing $300k into a single loan might be lacking in diversification.  

It's essentially stepping into the bank's shoes for a real estate deal, like a fix-and-flip, for a few months, and earning double-digit returns.As a developer of 4.5 years (specializing in gut rehabs and new construction), plus an owner/manager of my own rentals (long and mid-term), I'm absolutely a fan of direct real estate ownership, but...I've also found immense value in private lending over the last 18 months, emphasizing diversification.