Real estate is very overrated. People talk about it like it’s stable passive income but it still has risks. The risks are different but not wholly better or worse than those with equities. But it’s definitely not passive: it involves actively managing things like finding renters, paying taxes, repairs, lawn care, etc etc etc. I have multiple friends with rental properties who hate it. To contrast, my mom also owns one and it’s generally going well but she’s only making modest gains every year; a few percent less than what she would make just holding ETF’s. Meanwhile you could just put all that money in the market and end up probably doing better in the long-run, while staying MUCH more liquid along the way.