From Renters to Homeowners: How the Lopez Family Built Wealth
- By Jim Blackburn
- on
Client Profile:
- Names: David & Carla Lopez
- Ages: 36 & 34
- Occupations: Delivery driver & part-time receptionist
- Goal: Break the renting cycle and create generational wealth
- Location: San Bernardino, CA
The Situation
David and Carla had rented for over 12 years. With two kids and a third on the way, they were feeling stuck. They earned decent income but didn’t have much savings — and felt like homeownership was out of reach.
After attending one of our first-time buyer webinars, they were introduced to The Wealth Gap Roadmap and had a new perspective:
“We realized it’s not about where you start — it’s about the decisions you make next.”
The Strategy
With coaching and a strategic lender, we helped them:
- Get preapproved through a 0% down USDA loan
- Receive a $9,000 local homebuyer grant
- Find a $347,000 3-bed home just outside the city
- Close with under $1,500 out of pocket
The Numbers
Detail | Value |
Purchase Price | $347,000 |
Down Payment | $0 (USDA) |
Monthly Payment (PITI) | $2,215 |
Prior Rent | $2,045 |
Appreciation After 18 Months | ~$26,000 |
Equity Paid Down | ~$5,800 |
Total Wealth Gained (18 mos.) | ~$31,800 |
The Results
- They now own a growing asset instead of paying someone else’s mortgage
- Built over $30K in wealth in under two years
- Have a new savings plan to buy a second property within 5 years
- Their children talk about “owning homes” — not “renting apartments”
What the Lopezes Said
“Nobody in our family had ever owned a home. We always thought it was for ‘other people.’ Now our kids are growing up in a house that belongs to us — and we’re planning for more.”
Takeaway for Readers
The wealth gap isn’t closed by luck. It’s closed by knowledge, action, and the courage to take the first step — even if it’s small. Real estate makes that possible.
Ready to Take Your First Step?
Skip the guesswork. Take our quick Discovery Quiz to uncover your top financial priorities, so we can guide you toward the wealth-building strategies that fit your life.
- Takes just 5 minutes
- Tailored results based on your answers
- No credit check required
Need a Pre-Approval Letter—Fast?
Buying a home soon? Complete our short form and we’ll connect you with the best loan options for your target property and financial situation—fast.
- Only 2 minutes to complete
- Quick turnaround on pre-approval
- No credit score impact
Got a Few Questions First?
Related Posts
