14y/o Florida girl buys house for $13K

[— Agent☣Orange —]

Link: http://realestate.msn.com/blogs/list...1-6e434176d7ce

In 14-year-old Willow Tufano's neighborhood, the real-estate crisis has meant living surrounded by vacant homes, in the foreclosure epicenter of Florida.

It has also meant a chance to earn some real money, selling items no one wants out of foreclosed homes handled by her real-estate agent mother.


Now, Willow has become a landlord, after buying her first house for $13,000.


Her two-bedroom, one-bath home is in Port Charlotte, Fla., where property is worth about one-third of what it was at the peak. CNN Money picked Port Charlotte, a town on Florida's Gulf Coast with a population of about 48,000, as one of the best places to retire in 2009. At that time, the average three-bedroom house cost about $170,000.

[The Driver]

Watch for that girl, she'll be a billionaire by age 30! I wonder if she has an older sister? You know like 23-24... ;)

[— Agent☣Orange —]

Heck with the girls. Where are these $13k houses?? Everything in Port Charlotte is still priced like before the crash.

[Tekel]

Her mom is a real estate agent so she probably had word of the foreclosure before it was on the market.

[The Driver]

Heck with the girls. Where are these $13k houses?? Everything in Port Charlotte is still priced like before the crash.

Statements like those make Thumper's allegations more real...


But if you are asking about the houses, you need to check at your Clerck Of the Court registries. That is public info, and I bet that was $13K on Auction, which means that you need to have liquid $$$ to finalize purchase.

[FooSchnickens]

Normally I'd break out my only in florida" shtick, but this is pretty badass. Good on her.

[adamvanxxx]

I'm about to move back to cape coral now.

[The Driver]

I'm about to move back to cape coral now.

Then I hope to GOD that you already have a job lined up, SERIOUSLY!

[Neocataboi]

Link: http://realestate.msn.com/blogs/list...1-6e434176d7ce

In 14-year-old Willow Tufano's neighborhood, the real-estate crisis has meant living surrounded by vacant homes, in the foreclosure epicenter of Florida.

It has also meant a chance to earn some real money, selling items no one wants out of foreclosed homes handled by her real-estate agent mother.

How does one do that?! You go into a foreclosed home take the stuff and sell it? How does that work, and what makes it okay? So much so, that she had 13k in cash?!

[The Driver]

How does one do that?! You go into a foreclosed home take the stuff and sell it? How does that work, and what makes it okay? So much so, that she had 13k in cash?!

Are you kidding? or is this a legit question? You can only sell (or give away) what you legally own. Once the girl took ownership of this house, she was free to dispose of any assets at her convenience.

[Neocataboi]

i didn't know foreclosed homes were furnished. So her mom would buy foreclosed homes, give the stuff to her daughter to sell so she can guy a house of her own?

sorry, but i seriously didn't understand, because there is a plural there. I doubt the little girl can afford multiple foreclosed homes and the stuff that is inside them. It make me think she goes into foreclosed homes and sells the stuff left behind. IE: Stuff no one wants.

[ChrisJuliano]

Mommys $ lol.

[fitftw]

I dont like rich people.

[The Driver]

i didn't know foreclosed homes were furnished. So her mom would buy foreclosed homes, give the stuff to her daughter to sell so she can guy a house of her own?

sorry, but i seriously didn't understand, because there is a plural there. I doubt the little girl can afford multiple foreclosed homes and the stuff that is inside them. It make me think she goes into foreclosed homes and sells the stuff left behind. IE: Stuff no one wants.

They are most likely refering to the appliances and ancialliaries that homes come with. This is just an ASSumption.

[adamvanxxx]

Is it seriously that bad down there?

I am a fueler at the IND airport, and our base is in Ft Lauderdale. I probably could do that but this is just a paycheck not where I want to be.