14-Year-Old Girl Buys Short Sale Home!

Willow Tufano is a very industrious little lady. First she raised $6,000 of her own money by antiquing and selling various items on Craigslist, but that was just the beginning of her investment strategy. Next she asked her mom for permission to invest in 50% of a Florida short sale home! The home was selling for $12,000 but was valued at $100,000 when the real estate market was peaking.

Sharron Moore, Tufano’s mother is a broker and was herself considering buying the short sale home when her daughter asked if she could purchase half now and the other half later. Mom agreed and now Tufano is saving her half of the rental income on the property as a way to pay for the remaining $6,000 and obtain full ownership of the home.

In an interview with ABC news Stefano said “If there’s one thing I want people to know, it’s that your age does not matter. If I can inspire another person my age, younger, that would mean the world. Whether it’s buying a house, buying a car, or whatever. If you really work for it and put your mind to it you can do what you want to do.”

Tufano is home schooled and says she doesn’t like algebra because she is “really, really bad at math.”

Comments are closed.

These articles are not intended to give legal or tax advice, and you should consult your attorney or financial advisor for additional information.

  Copyright © 2007 The Blog That Ate Miami     Agent Login     Design created with Real Estate Tomato     Powered through Tomato Blogs