Ryan Cooley left a banking job in Chicago to be part of Detroit's
revitalization. Detroit's vintage but vacant buildings offered more
chances to be creative, find good deals and make an impact, he says.
According to the story:
"The idea of having these older kinds of buildings and rescuing them,
it's something that you just can't build from scratch any longer,"
Cooley says. Plus, the price was right. "The first building was
$45,000. You just couldn't find anything like that in another urban
setting."
He says patience is key to doing business in the city. "I think there
are endless opportunities here, but if you really think you're going to
jump into real estate and make a ton of money quickly, you're not doing
it for the right reasons. I didn't move here to come in for a few years
and then head out of town."
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