Thursday, May 26, 2005

Invest in Real Estate; No Money Down

Improving your cash flow in Norway:

OSLO, Norway -- An enterprising Norwegian found a way to turn a tidy profit on Oslo real estate by renting out a nice apartment in a popular part of town.

What the renters didn't know was that the 29-year-old man, whose name has not been released, had broken in to someone else's apartment and rented it out to 11 different people, national news media reported Tuesday.

....Eleven people were so eager to rent the space they each paid a $2,340 deposit. A total $25,780 was transferred to the swindler's bank account.

Ingrid Christensen, of the Oslo police, told Norway's largest newspaper, Verdens Gang, that the money was found in the suspect's bank account and he would face fraud charges.

The real renter was traveling at the time of the showings and has now changed all the locks.

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