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Summary

In this conversation, Mel Dorman shares her inspiring journey from being a social worker to becoming a successful real estate investor, focusing on the power of seller financing. She discusses how she built a six-figure income through creative financing strategies, the importance of community support, and the mindset shifts necessary for success in real estate. Mel emphasizes the potential of seller financing as a tool for social justice and accessibility in the housing market, encouraging others to think outside the traditional banking system. In this conversation, the speaker discusses the transformative potential of seller financing in real estate, emphasizing the importance of community and creativity in overcoming traditional banking barriers. They explore how marginalized groups can benefit from alternative financing methods, the significance of connection and mindset in achieving financial freedom, and the intersection of queer identity with wealth building. The speaker also shares personal experiences and insights on aligning one's purpose with financial goals, ultimately advocating for a paradigm shift in how we view home ownership and wealth creation. Find out more on Mel's course at https://melissa-dorman.mykajabi.com/seller-financing-academy

Takeaways

• Mel Dorman transitioned from social work to real estate after a personal family crisis.
• She built a six-figure income by utilizing seller financing and creative strategies.
• Seller financing allows buyers to pay sellers directly, bypassing traditional banks.
• The importance of community and networking in learning about real estate investing.
• Mindset shifts are crucial for overcoming fears associated with seller financing.
• Many sellers do not need all their money upfront, making seller financing viable.
• Creative financing can include partnerships and joint ventures with sellers.
• Understanding the math behind deals is essential for successful negotiations.
• Building wealth with purpose can create social justice opportunities in real estate.
• Mel advocates for a shift in how we view financing, emphasizing person-to-person relationships. Seller financing can create accessibility for marginalized groups.
• Shifting from banks to community resources can empower individuals.
• We can collectively redistribute wealth back to our communities.
• Home ownership has become increasingly out of reach for many.
• Imagination is crucial in exploring financing possibilities.
• The biggest mistake investors make is limiting their thinking.
• Surrounding yourself with the right people is key to success.
• Queer identity can provide unique advantages in wealth building.
• Aligning personal goals with community betterment can drive success.
• Mindset is the foundation for achieving financial freedom.

Connect on Socials:

• Podcast Instagram/TikTok
  @QueerAndSuccessful
• Hunter's Instagram
  @HuntHousesNC & @HunterJMcNair
• Mel's Instagram
  @mel_dorman