Blog Community Homes for Humanity - Buyers with a Mission

Homes for Humanity – Buyers with a Mission

By Mel Dorman, October 29, 2024

 
Homes for Humanity, in partnership with Cultivating Initiatives will renovate this property to create housing for about twenty folks transitioning out of homelessness. Cultivating Initiatives is located on the same block, they house, provide jobs, and health care to folks transitioning off the streets.
The folks from Homes for Humanity purchased the property with funds from self-directed IRA accounts – and eventually Cultivating Initiatives will purchase the property from Homes for Humanity. This is their latest acquisition, and it closed Oct 11.
Thanks to Homes for Humanity for demonstrating how to turn capitalism into community development!

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. It was there she discovered her passion for financial education as a means of empowering people to move out of poverty. After graduating from UCLA with a Masters, Melissa spent 5 years working as a Social Worker; assisting clients facing homelessness, in jail, or at a psychiatric facility. As much as she loved the work, imagining saving for retirement on the meager salary of a social worker was becoming grim. That's when Melissa discovered "passive income." In no time, she fell in LOVE with real estate as a vehicle for wealth. Soon after, Melissa began locating off-market multi-family properties to purchase through creative financing strategies and win-win opportunities. Two years into investing, Melissa quit her day job as a Social Worker to become a full-time broker and investor. Initially, she was drawn to people in difficult circumstances, so she developed extensive experience assisting families facing foreclosure, short sales, and probate. Melissa is well versed in helping her clients overcome complex real estate challenges. Currently, Melissa is teamed up with Super Broker, Yascha Noonberg at Living Room Realty. Together they assist clients to achieve their real estate dreams, including how to strategically buy and sell a personal residence to maximize profits. Far from the slums of Kolkata, her greatest passion now is empowering other working professionals to develop passive forms of income through buying multi-family properties in Portland.
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