Newbie Alert! Cash is King.

[Greg Reeves]

Hi Folks! Total noob here, just starting to educate myself about getting into REI. Currently, my family owns a nice SFH in the Los Angeles area (Glendale/Pasadena area). Both my wife and I are freelancers, making decent money but income is VERY erratic--always riding the wave. Currently, all of our investments are in the stock market (and a little crypto). We hope to learn how to invest in real estate in a largely passive way in order to generate cashflow to supplement our regular (or rather, "irregular") income. Any appreciation would be the "icing on the cake". Plus, we feel the need to diversify more and real estate sounds like the next thing we should be looking at (our financial advisor has us in some REITs in our current investment portfolio, but that's it, and not much invested in them at all). I've been listening to BP podcasts(just went through #200--very enlightening), exploring the forum, have just ordered one of the beginner-oriented BP books. It's pretty staggering the amount of info here. One day, I'm convinced we should buy and rent a SFH out-of-state, and the next, I'm thinking we should invest in notes, then it's Fundrise, then it's storage units, then...who knows? Anyhow, long story short, looking to get our feet wet, with a focus on generating supplemental income. Any thoughts or wisdom for a total noob greatly appreciated!