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Updated over 3 years ago on .

Alexandra King's profile image
Alexandra King's profile image
Alexandra King
  • Real Estate Agent
  • from Santa Barbara, CA
  • Member since Nov 21, 2013
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User Stats

49
Posts
14
Votes
Alexandra King's profile image
Alexandra King's profile image
Alexandra King
  • Real Estate Agent
  • from Santa Barbara, CA
  • Member since Nov 21, 2013
Connect
Alexandra King
  • Real Estate Agent
  • Santa Barbara, CA
14
Votes |
49
Posts
California Real Estate Q&A Discussion Forum

How To Use A sweepstakes Home as an Investment

Alexandra King
  • Real Estate Agent
  • Santa Barbara, CA
Posted

Investors, I am curious about how you, as an investor, would handle winning a house in a sweepstake? Assume the house is valued at 1,100,000 and the FMV and AVR are close in value, and you live in California; The taxes would eat up a lot of the value of the prize, unless.....? Thanks! Alexandra King

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