August 22, 2016
Have you ever looked at a sad-looking building in your town and thought...
"Man, it would be so neat to buy that, rehab it, and get an awesome community business in there... if only I had [money, know how, partners, etc.]"?
RCO Law Attorney Mike Olsaver along with three others thought it would be a good idea to pool some investment dollars and purchase a building in Downtown Adrian. We found 20 other people to invest a modest amount, purchased the building and have since spruced up most of the existing apartments and added two new apartments on the third floor.
Mike recently spoke on exploring Community Owned Commercial Real Estate at the Southeast Michigan Community Involvement Meetup in Ypsilanti along with the Economic Development Director, City of Adrian Chris Miller.