Blog Stories Just Sold: Albina Duplex (Sometimes You Have To Get Creative)

Just Sold: Albina Duplex (Sometimes You Have To Get Creative)

By Melissa Dorman, October 27, 2023

4024-4026 N Kerby Ave
Portland, OR 97217

In this tough market for investors, interest rates are too high for a lot of investors looking to finance a property and “cash flow”.
For this buyer, Melissa Dorman put on her thinking hat and got creative.
Melissa negotiated:
  • Seller financing, with
  • Interest only payments
  • (5 yrs with a balloon payment)
  • payments low enough for the buyer to have positive cash flow
  • Terms that also worked for the seller. Win-win!
Melissa specializes in investment properties and creative solutions – if you’re looking to invest but can’t get the numbers to work – give her a call!

!


2 BEDROOM | 1 BATHS | 855 SQFT
2 BEDROOM | 1 BATHS | 855 SQFT
Sold  10/24/2023 | $625,000

Melissa 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.
Read More
  • T: 503-567-4697
  • melissa@livingroomre.com

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