By Melissa Dorman, August 13, 2021
If you’re ready to think about an investment property, here are a few reasons to think about Portland:
Controlled growth
Yes – Portland has great proximity to the coast, mountains, forests…even wine country! But…protecting these assets has also put limits on outward growth. Existing housing is limited, new construction isn’t keeping up with demand and strong population growth have created a housing shortage…
…this is pushing rents up in Portland, and while rents may seem high to Portlanders, they are looking pretty good to someone moving here from…Silicon Valley, for instance.
And…increased demand for housing pushes up rental rates as well as property values. Compared to Seattle and San Francisco – Portland looks like a bargain to people looking to migrate.
Portland’s has a big demand for student housing
There is a strong Portland housing market for students in the vicinity of multiple major campuses – throughout the Portland area and extending down-valley to Eugene, as well.
Work-life balance is better in Portland, which in turn attracts businesses looking to recruit and retain employees
…which in turn increases the demand for housing. Add in the proximity of outdoor activities and a thriving music and art scene – it’s no wonder so many people are moving to Portland (and looking for housing.)
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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- T: 503-567-4697
- melissa@livingroomre.com
