Close
Real Estate Investment News & Blog

14-Year-Old Real Estate Investor, Today a Few Houses, Tomorrow…

A girl named Willow [Florida Teen Buys Second Home] is now an inspiration to real estate investors all over the country. In January 2012, at the tender age of 14, she purchased her first property, a short sale in Port Charlotte, FL, for only $12,000.

Willow’s Realtor mother, Shannon, took title to the property (since Willow is a minor) and split the cost to purchase the property and the renovations. Once the rehab work was complete, they rented it out. In October 2012, they purchased a second property together for $17,500 with the same funding arrangement.

Where did Willow get the money and why did she want to get into real estate investing?

14 year-old real estate investor

Willow’s goal is to own 10 houses free and clear by her 18th birthday.

It began when she noticed someone giving away some furniture on the side of the road. She offered to sell it and split the proceeds, but the owner told her she could keep whatever she made.

That started an entrepreneurial venture that included her claiming free stuff on Craigslist, in abandoned homes, on the side of the road–even leftover yard sale items. She then sold those items at her own yard sales or on Craigslist.

She began to rack up the money, not saving up for anything in particular, just putting it in the bank.

Her mother is a real estate agent, so Willow was used to being around real estate, but she was bored by it. Then she watched her mom buy a run-down property, rehab it, and sell it for a profit.

A light went off inside Willow’s head, and she wanted in on the next deal. In January 2012, Willow poured the profits from her “free junk” flipping business into her first real estate deal.

Now at age 15, Willow Tufano has done more real estate deals than many of the people reading this article. If that’s you, I’m sure that comment didn’t feel very good. But it’s true, and if you want to be a real estate investor but haven’t done your first deal yet, perhaps you will take some lessons from Willow…

Lesson #1 – Get a Mentor

Willow’s mentor is her mom, Shannon. No man or woman is an island. Everyone has mentors. Get one.

 Lesson #2 – Do Deals You Can Handle

You may not live in an area where you can buy a $12,000 house like Willow, but when you use the right paperwork and you structure the deals correctly, you don’t need large amounts of money (or any money at all, in some cases) to acquire real estate. But don’t go after deals you can’t afford or handle.

For example, bank-owned properties listed on the MLS with an agent often require significant cash, credit, or both. If you don’t have cash, good credit, or the ability to qualify for an investor bank loan, don’t go after foreclosures. Go after “For Sale By Owners” and structure creative financing terms. Do deals that you can handle.

 Lesson #3 – Just Do It

Legally, Willow can’t own real estate until she is age 18. But that didn’t stop her. She overcame that obstacle and became a real estate investor anyway. What’s holding you back? Time? Money? Fear? Whatever it is, you can overcome it.

You may be thinking, well that’s easy for Willow because she has no responsibilities, no kids, no job, no alimony, no child support. Think about it. She was 14. You have far more advantages in getting started than she does. When I was first getting started, I went homeless. No matter where you are, you don’t have an excuse. You can do it. Just do it.

Although Willow has invested most of her money into real estate, she still allocates a few bucks to treating herself to some toys. She purchased an Xbox for $200 and later traded it up for a brand new $1,200 stand-up paddle board.

When asked if her friends ask her how she makes her money or how to invest in real estate, she quickly responds, “None of my friends have ever asked me that. Some people want me to buy them things, but none of them ask to learn how to make their own money.”

Unfortunately, I’ve found the same thing to be true in my life.

What are Willow’s future plans? Her goal is to own 10 houses free and clear by her 18th birthday. Then, she wants to trade up to some commercial real estate like she learned playing Monopoly, 4 green houses for 1 red hotel. As far as a career, Willow says, “I’m going to keep investing. Hopefully that will be the only thing I have to do to have a good income.”

Fortunately, I’ve found in my life that you can make all the money you’ll ever need investing in real estate.

If you have kids, or grandkids, or nieces and nephews, make sure you forward this article to them. Share this with your social networks. Entrepreneurship is one of the reasons why this country is so great. Spread the message.

You’ve read my thoughts on the matter. What are your thoughts on this story?

CLICK here to subscribe to our mailing list and get unique, fresh content like this delivered right to your inbox.

Loading subscribe form...

About the Author...

Phil Pustejovsky is a real estate investor, mentor and coach that has been a part of over 1,000 real estate investing deals over the past decade. He has also trained investors from all over the US and Canada to new levels of financial freedom through his innovative and real world investing techniques and strategies.

His new book “How to be a Real Estate Investor” recently became a #1 best seller on Amazon. You can also learn more about Phil at: http://www.freedommentor.com

Comments

  1. charlotte says:

    Kudos to you Willow! Love your attitude and ambition may God be with you in your endeavors! I’m sure you will go far!!! It’s good you surround yourself with like minds. Keep going forward.

  2. Debra says:

    Willow you are awesome! just to think I have too have picked items from here and there. But never have I thought of selling like you have, my family and friends call me a pack rat. What a great idea. Thanks Williow for sharing. Should you ever get the time to share notes there is my email address.
    Keep doing what your doing.

  3. jonathan carrie says:

    Good information about the real estate.I read the blog some important information collect about the real estate thanks for sharing

  4. Greg | REOreseller.com says:

    I love reading this article. Many people will get some information in Real Estate investing while reading this article. You will be a best Real Estate owner someday, by following the rules in investing. This is a great post. Thank’s for sharing your ideas.

  5. Brandon | Equara.com says:

    What an incredible story. I was pretty proud of myself for getting going in my early 20’s…but apparently I was 10 years late to the party! Kidding, of course :). This girl is going to do very, very well in life. Frankly, I wish I could invest in her!

  6. Melindam says:

    What a great article !! If she keeps going–this girl will be a millionaire before she is is 21 !! My husband and I are real estate investors– and–we have been trying to get our 13 year old daughter interested in learning the business. I will definitely share this inspirational article with her and will that she joins us !!

  7. frank ramirez says:

    wow awesome story I cant wait to start investing in real estate good job willow

  8. Chris Dosier says:

    What an inspiration you are Willow, especially to the younger generation, but for anyone who is interested in real estate investing. I am in the learning process and have not taken any steps yet to start investing, but I want to very soon. Wholesaling has really caught my eye and that is what I really want to concentrate on as a starting point. Any thoughts on wholesaling? Any suggestions of websites or resources where I can get all the necessary education and training needed for the wholesaling business? Do you suggest or recommend any real estate software available that would help me get into real estate wholesaling? I certainly would appreciate any suggestions I can get. Thank you!

  9. Derek Smith says:

    That is real creative thinking by Willow, she just inspired me.

  10. Michael says:

    Handle your business young lady, I am proud of you and help your friends to seek their own business and don’t spend your money unnecessary. Take care, God bless, and keep investing.

  11. Abreascia lucas says:

    Wow…..that’s awesome.

  12. Great job young lady. You are an inspiration

  13. I was about to have a switch go on that yells, “bogus” at the inferred claim that a minor not married and under 17, could enter into a legal binding contract. Thanks, for not insulting my contract law education and intelligence. And, thanks for the other comments also about do the deals you can do now and taking up to other types later. I love your videos Phil! Unfortunately, I’m constantly bombarded to download your book. I thought I already did that! Also, I’ve been trying without getting a paycheck job ( against your advice) to continuing in my tips/service job..unsteady…. And still trying to do deals.. Ugh.

  14. Darren says:

    Any update on Willow? Did she meet her goals of 10 houses by the age of 18?

  15. Owner Finance OKC says:

    Great Post. It is very informative. Thank you for sharing

  16. Sooner House Buyers says:

    Excellent read.

  17. Karen says:

    I’m inspired!

What do you think? We would love to hear your opinion.

*

Hide me
Let Us Help You Achieve Better Results. (IT's FREE!)
Name Email
Show me