Fifty Dollar House

Win a chance to own this million dollar home in Edgewater, Maryland for $50! For full details, visit http://www.fiftydollarhouse.com

Photography and Video Production provided by LifeScapes Photography and Video, serving the Annapolis, Baltimore, Washington DC, and NOVA area. http://www.LifeScapesPhotoAndVideo.com

Category:

Nonprofits & Activism

Tags:

• Non profit fund raiser
• photography
• real estate
• Edgewater Maryland
• MD
• Fifty Dollar House
• $50 Home

[xianstudio]

I live the MD area and YES -- houses this nice do sell for around $1 million --- As to being totally free --- yes OF COURSE you have to pay the taxes - which is a FEDERAL law and the people that are holding the drawing can't get around that ... It would be the same if you won $1 million in Vegas at the tables, you still gotta pay your taxes....

[jdunn2006]

What does everyone care about that taxes... If you win the House for $50, do a quick "Fire Sale" and sell it for $750,000 if it was truely appraised at $1,350,000 million then Half that price should find some buyers, then on your taxes it will be treated as a capital loss on Schedule D for around $600, that should more then cover your taxes on the winnings plus give you $750,000 in your pocket for $50 ticket

[ThEMiiZFiTZ]

How can they afford to do this????

[maryannwelden]

I believe folks that wondered how much taxes were planned to occupy the home if won. I also wondered about the taxes and talked w/ the home owner during the raffle.

Mary in Camden, MI

[SanaasMama]

A lady in Idaho Springs, CO won the house and a woman in WI won the $10K second prize. Congrats!!

[usrbin1]

is it over, did i win

[pdt66]

Finally some video and photos that show how nice this house really is. I saw it when they had the open house. With the 2-acres of land, the house is worth $1M+.