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Making A Quick Buck In Real Estate
| | Tuesday, May 24, 2005 @ 01:00 PM EDT
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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.
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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