Usually these raffles are $100 or more per ticket. I've bought the St. Jude tickets in the past, and you just have to look at it as a donation to a worthy cause with a slim chance of winning something.
To: 2ndDivisionVet
Whoever wins will have a large tax bill. Still a good deal, but I don’t think I could afford the tax I’d have to pay on the 3 million “income”.
To: 2ndDivisionVet
3 posted on
09/01/2009 9:53:15 AM PDT by
Vasilli22
To: 2ndDivisionVet
Usually these raffles are $100 or more per ticket. I've bought the St. Jude tickets in the past, and you just have to look at it as a donation to a worthy cause with a slim chance of winning something.I thought about selling my house that way. Say I need to clear $160,000 to get out of the house and cover selling fees.
I'd charge $20/ticket, sell 16,000 tickets to cover twice what I need and stipulate that half the money collected on the raffle goes to a local charity. I would guarantee odds of 1 in 16,000 - better than most lotteries.
4 posted on
09/01/2009 9:55:14 AM PDT by
IYAS9YAS
(The townhalls were going great until the oPods showed up.)
To: 2ndDivisionVet
It looks nice and all, but $2300 a month in taxes is insane. You own the house ‘free and clear’, but have to pay an exorbitant rent to Florida to live there. No thanks.
5 posted on
09/01/2009 9:57:13 AM PDT by
perfect_rovian_storm
(The worst is behind us. Unfortunately it is really well endowed.)
To: 2ndDivisionVet
Doubt the home is still worth $3 million.
Still has a lot of value though.
(I’d have to sell it immediately if I won.)
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