Florida 15-year-old buys second house
The fame from her first purchase may land her a reality show. In the meantime, she hopes to buy 10 investment homes by the time she's 18.
Remember that Florida 14-year-old who bought a foreclosed home for $13,000 back in March?
Now 15, Willow Tufano has closed on a second property and set a goal for herself of owning 10 homes by the time she is 18 and legally old enough to take title.
Not only that, but she also has put together a “sizzle reel” and may end up the subject of a reality show.
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Willow buys the homes in partnership with her mother, Shannon Moore, who runs a real-estate brokerage with Willow’s grandmother, Roxanne Moore. Willow developed her interest in real estate from looking at property with her mother and raised the money to buy her investment homes by selling stuff she salvaged from foreclosed homes.
Willow’s second property cost $17,500 and is in Port Charlotte, Fla., where she bought her first home. It was a short sale for which they submitted an offer last spring.
Since the story of the teen real-estate would-be mogul hit the news circuits last March, Willow’s life has changed dramatically. She was interviewed by National Public Radio and ABC News and appeared on "The Ellen DeGeneres Show." DeGeneres gave her $10,000 to spend at Ace Hardware and a new dryer. Willow was also invited to speak to 200 people at a college in Alabama.
If you’d like to see how she fixed up the first house she bought, The Huffington Post has a before-and-after slide show.
Willow has already learned a little about the realities of being a landlord: According to NPR, her first tenants skipped out in the middle of the night without paying their rent.
Willow likes the idea of a reality show, but notes that it will include her mother, her grandmother and her younger sister, Iris, all of whom have worked with her on her homes.
"I don't want to be fake," Willow, who attends an online high school, told NPR. "I'm going to be one of those people that loves their fans. If I have any."
About Teresa Mears
Teresa Mears is a veteran journalist who has been interested in houses since her father took her to tax auctions to carry the cash at age 10. A former editor of The Miami Herald's Home & Design section, she lives in South Florida where, in addition to writing about real estate, she publishes Miami on the Cheap to help her neighbors adjust to the loss of 60% of their property value.