As reported by Chana Joffe-Walt of NPR - Amongst the land of Florida foreclosures, a young teen found an opportunity to capitalize on the bad housing market. Willow Tufano, 14, grew up in Florida with her real estate agent mother. She experienced the housing boom when home prices were skyrocketing and her mother's business was flourishing. Soon there after, the harsh reality of economic downturn hit her surrounding neighborhoods and her mother began working with flippers and investors to continue her business.
What started out as a Craigslist hobby of selling leftover furniture from flipped homes blossomed into the purchase of this 14 year old's first home. A two bedroom home was being auctioned for only $12,000 and Willow jumped on the opportunity. She purchased the home with her mother and now rents it out to a young couple, making her possibly one of the, if not the, youngest landlord in the U.S. She plans to eventually obtain full ownership of the home by having her name alone on the title when she turns 18 years old.
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