Homeless Samaritan buys home with GoFundMe money

Posted at 4:07 PM, Dec 05, 2017
and last updated 2017-12-05 19:07:40-05

(KGTV) - The homeless man who made headlines after he helped out a stranded motorist with his last $20 can now afford a home of his own thanks to a massive crowdfunding effort.

Johnny Bobbitt Jr. wrote on the GoFundMe page that raised nearly $400,000 for him that he's now a homeowner:

"Hey, guys this is Johnny. Sorry for the lack of updates but I’ve been pretty busy the last few days as you can imagine (Kate taught me about emojis this week). Just wanted to let you all know that thanks to all of you and with the help of Kate and Mark I was able to purchase my new home yesterday! The feeling is indescribable and it all thanks to the support and generosity that each and every one of you has shown. I’ll continue to thank you every single day for the rest of my life."

Bobbitt's act of kindness went viral after Kate McClure, of New Jersey, ran out of gas on Interstate 95 one night. Bobbitt was sitting nearby where he holds a sign every day and recognized McClure was in trouble.

"He saw me pull over and knew something was wrong. He told me to get back in the car and lock the doors," McClure wrote on the fundraising page.

Bobbitt, a former paramedic, then returned with a tank of gas, bought with his last $20.

RELATED: GoFundMe raises hundreds of thousands for homeless Samaritan

Two trusts will be set up in Bobbitt's name, one giving him a small, annual "salary" and the other as a retirement trust with the help of a financial planner. A bank account will also be set up to help him with daily expenses until he finds a job.

Bobbitt, his lawyer, and his financial advisor helped develop the plan for the money.

"And lastly, he will be donating to a few organizations and people who over the last couple of years have helped him get through this rough patch in his life," McClure wrote on the page.

The GoFundMe for Bobbitt took off soon after it was posted, going viral in a matter of days.