With dedication and hard work, 14-year-old Willow Tufano proves young people can be extremely resourceful. She has already become not only a homeowner, but also a landlord. How she did it is a true testimony of how thinking ahead will take you places. She started her journey by getting serious about a simple hobby. She loved finding free items either on Craigslist or on the curbs and selling them. One brilliant find after the next, she ended up saving $6,000. She didn’t know how she was going to use the money, all she knew was that she was saving it for something special. When the market went down and a property she loved went from $100,000 all the way down to $16,000, you’ll never guess what she did next.
Going to her parents for advice was not exactly the news she wanted to hear at first. Dad exclaimed, “When I was a kid, I had a paper route!” But when she was able to haggle the landlords down to only $12,000, she offered mom a deal. She would put down her $6,000 if mom would pay the other half, and together they would buy a house.
When Willow took action renovating the house all on her own, dad was so proud of her. She fixed it up into a rental home making $700 a month. When she talks with Ellen, she shares the full story.