Has anyone successfully raffled any commerical business/property?

Specifically interested in business raffles, although I have calls for residential home raffles as well. Any information will be appreciated, thanks.
In Selling Property - Asked by Leslie S. - Jan 7, 2009
Report Abuse
Answer this Question


Chris S.
Coeur D'alene, ID

Check with your state law about this. Every state is a little different and for profit raffles can get into gaming laws and all kinds of legal BS. An auction is one way to go, a raffle can be a mess.
FYI - We checked into it here in Idaho for a client and it was not legally permitted.

Feb 6, 2009
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question