By Melissa Dorman, December 14, 2021
I’m so happy for and proud of thig guy! We put together a SMART deal – that got him into this AWESOME investment property for just 5% down!
Umpqua bank, a local lender, offers a portfolio loan for owner occupants that allows for borrowers to put as little as 5% down! They do not require the self-sustainability test AND they allow the borrower to receive up to 3% back from the seller in a credit for closing costs and prepaid costs. Another amazing aspect to this loan is they allow you to pay the PMI in a single payment upfront at closing, which can be part of that 3% credit from the seller. This allows most of my client’s to cash flow immediately on a 3-4 unit property with only 5% down out of pocket.
Reach out if you want to learn more by emailing me at melissa@livingroomre.com or calling me at (503) 567-4697.
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.
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Melissa Dorman
Broker | OR & WA
She/They