Making A Quick Buck In Real Estate

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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/

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