Extracurricular Tycoon

Had he been of a different temperament when he entered the University of Wisconsin in 1953, David Falk of Hampton, Va. might have been satisfied to stretch the $5,000 his father had given him to cover his next four years. But instead of making a budget, Falk decided to indulge in a bit of extracurricular tycoonery.

He spent his nest egg as down payment on a rooming house, which he remodeled in his spare time and soon had filled with students. With the profit he made, he bought 47 acres of land, cut them up into three plots, sold them individually. Having made more money on the first two lots than he paid for the entire 47 acres, he bought himself another thriving rooming house. Finally he traded his first house for a third, making a profit on the deal.

By last week, as he neared the end of his studies for a degree in dairy husbandry. Falk, now 21, figured he would have about $30,000 to buy a farm for himself and his bride, Coed Arlene Plotkin of Milwaukee. The only sour note in his academic career: the near-failing he received in a course on real estate.

This file is automatically generated by a robot program, so reader's discretion is required.