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Making A Quick Buck In Real Estate

Tuesday, May 24, 2005 @ 01:00 PM EDT Printer Friendly Page  Printer Friendly Page
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Contributed by: John Michael

John Michael Properties

Read more archived articles about Buying

In a hot housing market, some youngsters cash in

By Diana Olick
D.C. Correspondent
CNBC
Updated: 4:49 p.m. ET May 21, 2005

WASHINGTON - Chris Schartiger, a twenty-something in Washington, D.C., recently made $10,000 in six days — maybe not in paper money, but definitely on paper.
 
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He put down $5,000 for a condo in the D.C. area and a week later an identical one sold for over $15,000.

“For me, it was a no-brainer to go into real estate with the housing market as hot as it has been recently,” Schartiger said. “People are making 20 to 25 percent easily, so even if we make 10 percent, or 6 percent, that’s better than the market’s doing recently.”

Great story see at:
http://www.msnbc.msn.com/id/7922729/



Note: John Michael is the author of many guides that can help you become more successful as an investor. See http://www.thecreativeinvestor.com/ChanPart-JohnMichael.html


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