Best first investments to begin cashflow? Downpayment, rent etc.

[Andrew S.]

Have a few questions and would love some suggestions!

Couple quick facts about me:

28 years old.

Living in Los Angeles.

Renting where I live for $1700.

Currently stay at home dad.

My schedule is fairly open / flexible (some acting and restaurant work part time).

Wife works full time.

Have about 90K that we'd like to begin investing (real estate etc.)

Our families live in Virginia.

Wife is dual citizen in Colombia & U.S.

I would like to make our money work harder and create passive income. The end goal would be to have this be our primary / only source of income.

1. Buy a home first or invest money?

As far as the 90K, should we focus on buying a house first? Or just continue paying for our rented apartment while we put that 90K into real estate that can generate income (then later potentially buy a home)?

2. Any suggestions on what kind of real estate / investing I should start with given my circumstances / goals? LA is a unique place... just saying!

Would love some tips and creative ideas!