14-year FL girl is a Landlord

14-yr old Florida Girl is a Landlord (…and maybe Fl’s youngest RE Investor) Willow Tufano was only 14 years old when she became a real estate investor. The Port Charlotte teen earned money to purchase her first investment home by taking out the neighbors trash and by selling on the website craigslist items she collected from the side of the road and thrift shops. Willow is not your typical teen that would have taken that money and bought the hottest new gadgets or the latest fashions instead she did something that many adults would have been too scared to do, buy investment property. She earned about $6,000 when she the – says she overheard her parents talking. “The idea came from out of the blue. I heard my mom and dad talking at the dinner table one night that there was a house on the market for $16,000. I said offer $12,000 and we can [split it],” Willow told a reporter at Knowledge @Wharton website. Willows mom and father in the real estate business. Willow brought her first home for $12,000 in January 2012 and then purchased another home in October of 2012 for 17,500. She was able to offset the repairs by using a $10,000 gift card she received from the Ellen Degeneres talk show host. Yes… her success has come with fame and landed her on the Ellen Degeneres talk show to tell the world about the adventures of this mini real estate mogul in training. Willow bought one of the through a short sale process. Willow is not only a investor but she is also busy being a landlord. She is now 15 years old and still collecting her items to sell and she wants to buy 10 more properties by the time she turns 18 years old. Willow’s mom, Shannon Moore is a Realtor and says, “I was skeptical in the beginning, partnering with a (then) 14-year-old, but she collects the rent, interviews contractors, tries to solve the problems,” says Moore. “She’s a great partner. She’s learning some great skills and it’s a good, practical education.” Originally posted to Blog on 12/5/2012

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