Raffle off your warehouse?
I saw a blogger suggest raffling off your home. Four thousand $100 tickets, for instance, would take care of a $400,000 house. Let a charity work as your partner, and they keep the overage (say you sell five thousand tickets in all).
Might be an interesting play on the commercial side, say for a smaller single tenant net leased investment (say a little $700,000 Dollar General with some assumable non recourse financing?). That could be marketed across the country, unlike a house.
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Tags: raffle
September 27th, 2008 at 8:35 pm
Yes home raffles re getting more popular and the way you described it is perfectly correct. When a home owner and a non-profit partner up to do a raffle, that makes it quite a doable option. The issue for most peole is how do they find Non-Profits organizations to partner with and then how do they sell enough tickets to make it profitable for the non profit. If you go to http://www.usaHomeRaffle.com you will see how some people are doing it.