02-16-2009, 03:04 PM
facelessvoiceme2 Wrote:6500 tickets x $50 = $325,000
So, a house they're having trouble selling for $265,000 could make them $60,000 MORE via this "raffle?"
Nice scam...
There is no scam. The likelihood of selling all 6,500 tickets is almost non-existent. In the $60,000 "profit" if all the tickets are sold, you have to take into account the real estate commission (approx. $16,000), the cost of advertising, the cost of printing the tickets, and soft costs (i.e. survey, title policy, attorney fees and closing costs, etc.).
Hey doc, do you know the address of that place?
Oh, you know, I do know the address. It's at the corner of go fuck yourself and buy a map!
Oh, you know, I do know the address. It's at the corner of go fuck yourself and buy a map!