LEARNin San Diego Challenge Week 6: How to Build Wealth Beyond Your First Real Estate Investment
WEEK 6 — How to Build Wealth Beyond Your First Real Estate Investment Region Focus: North Inland San Diego (Poway, Escondido, Rancho Bernardo, San Marcos)LIVE Date: Friday, December 19, 2025 @ 11 AM PST Top 3 Lessons for Aspiring Investors From Property to Portfolio Growth Learn post-purchase strategies — manage, refinance, or flip After acquiring your first property, the real work begins. This lesson focuses on deciding whether to hold, refinance, improve, or sell based on cash flow, equity position, market conditions, and personal goals. Investors learn how post-purchase decisions directly impact long-term wealth, risk exposure, and scalability. Reason for growing portfolio – cash flow, higher rate of return, leave a legacy for family, increase tax right offs. Do you have the personality to be an investory? 1st Personality is important it takes someone who is wiling to do the research and patience to acquiring the best investment property. Choosing the right real estate agent is key. Someone who has been in the business and a seasoned professional. They have their own investment properties and understand the benefits of buying more property. It’s sometimes looking for a needle in haystack to find the right property to fix up in todays market because thousands of people are looking for the same thing. Lots of competition. 2nd Are you a risk taker? Most small business fail within 2 years. Are you willing to take that risk? Are you willing to work hard. Do you the time, the personality, the patience and can you do your own maintenance? Are you a do it yourselfer? 3rd Economics must fit. Analyze each property meticulously! Will it generate enough money, PITI (increased insurance cost) Will there be enough rent to cover the mortgage so there’s no negative. Maintenance is key. You have slumlords who just don’t want to pay for maintenance because it’s too expensive and they don’t have the finances to keep up with deferred maintenance. Is the rate of return adequate? Will the money that I put in the property get the rate of the return that I need. Figure out your revenue, budget and expenses. Double the expenses on your estimate and make sure you have the funds to cover just in case there’s a slab leak, major roof repairs, HVAC, electrical, plumbing etc.