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I am sorry, I am on my to work and typing to fast. I would need 400,000 people to respond with $1.00 each so that I could pay the mortgage off and pass on the property to someone who responded with $1.00 mortgage free.

Dear Starprince,

Believe it or not I saw a newscast last night, a guy out on Sebastian, Florida is doing the same and he is getting results. What you need to convey is the fact that this is a legit deal, check with an attorney and see what type of paperwork you must initiate before going public with this. People will invest $ 50. 0r $ 100 for a chance to win a property, they also need to know that someone will win, that is the clincher, don't give up just get it organized the right way.

Best,

Dan

Hello,

I am a small business owner based out of Miami, Florida. I represent television stations getting them advertising, I also sell television programming internationally., what about you guys?

Best,

Dan

Thanks for the advise but I do not own that property. Starprince is the person who posted.

Best,

Dan

Hello Starprince,

I have read your latest post and it occurs to me that if the area comes with a reputation it might be good idea for you to approach any of the community organizations and present your raffle idea. The concept would be for a member of that depressed community to become the owner of this 6 unit building. The $1 ticket price is appealing but unrealistic as you would need 400,000 people to buy into it, regardless of some who could buy more. I would say that utilizing the community resources (organizations, churches) it can really develop into a concerted effort and make it happen, one of the benefits of this is that it will make it even more legit as it becomes a public, community based event. As I said you need to think of increasing the price to a more realistic figure, you also need to realize that in this depressed economy we are in, this is the only approach.

Good luck,

Dan

Have you looked into a loan modification? I understand that you may want to sell, but it may offer some relief if the property is not selling quickly.