can you legally raffle your home or property?
Answers:
I believe that if gambling is NOT allowed in your state, you will have a problem. Also, I don't think you are allowed to make more money than it is worth as a result of the raffle. I could be wrong. Check with your local authorities.
Other answers:
hmmm
hmmm
you can't have a mortgage on it
UNFORTUNATELY YOU CAN'T DO IT. IN MOST STATES IT'S AGAINST THE LAW. I'M REALLY NOT SURE WHY.
IF YOU WANT $150000 FOR THE HOUSE AND YOU SELL 150 SHARES AND YOU PUT THE MONEY IN A SEPARATE ACCOUNT AND ALL MONEY WILL BE RETURNED IF THE 150 SHARES ARE NOT SOLD THEN YOU ARE GIVING MUCH BETTER ODDS THAN ANY STATE RUN LOTTERY. HOLD IT I'M GETTING A CLUE