By Mel Dorman, August 11, 2020
I first met Josh 2 years ago on the 4th of July. There were fireworks in the sky, but we were too busy getting acquainted over cocktails at a bar on Mississippi Ave. It wasn’t long after that, Josh and I became best buddies. From the get-go, I preached the gospel of real estate investing as a vehicle to build wealth. He knew I bought small multifamily properties in Portland myself, but he couldn’t see himself ever doing that.
Josh was sceptical at first but told me he did want to own his own home one day. I was delighted when he asked me to be his REALTOR® at the beginning of 2020. I knew we would have fun!
As the spring market heated up, even though the global pandemic, it was clear Josh didn’t want to compete with other buyers for a huge monthly mortgage payment. As a single guy, he couldn’t imagine furnishing 3 or 4 bedrooms home, let alone floating the monthly mortgage.
Then one day, he sent me a 4 plex link and said he changed his mind. He was finally into the idea of becoming a real estate investor. I was elated!
I quickly sent him the best 4 plex on the market. With only 5% down, he was able to buy a 4 plex in a great SE neighbourhood, walking distance from Revolution Hall. We even negotiated the seller to pay for a new roof. I timed the closing date right and he was left with a $9k check from the seller to boot in security deposits and prorated rents. He is already saving up for the next one!
To many more, Josh! Congrats.
Mel Dorman
Broker | OR & WA
She/They
Ten years ago, Melissa was living in a slum in Kolkata, India, helping over 200 women escape sex trafficking by providing alternative work at a social business...
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