A brand new Mansion can be yours for just $100
Mar 18th, 2008 by admin
In the market for a new home in the Orlando, FL area? Have $100 to spare? Then you may be able to win a brand new Mansion for just $100. The mansion has a fair-market value of around $1 million, so you’d probably have to sell the house to pay the taxes, but wait. The reason the home is being raffled, is because there were no buyers. So how low would you have to drop the price to flip it? 600,000? 500,000? at what point does it become too much of a pain?
If you still want to enter visit 2008 Dream Home and if you win, make sure you invite me up for a tour before you flip it, or move in.
(via the Orlando Sentinel)
Source: John Frost