I was just wondering if this is legal because a lot of states have strict lottery/raffle laws.Thanks

Barring a highly improbable, fortuitous change in circumstances for the homeowner (how many of us win the lottery?)

It's hitting the lottery, literally as most rent regulated apts are given out by a lottery system!

(though maybe not, you may be the next Mark Zuckerberg, or have won the lottery, I don't know your background) The point is, you have to look at where YOU are going, and plot a strategy on how to get there.

Become a musician/actor, professional athlete, get lucky in the stock market or win the lottery.

@Bill Leonard  HORRIBLE deal  @Charlie Fitzgerald   return FAR to low..Gap funder should get 50% of upside minimum... not a measly 12% apr on accrued basisyou guys really need to take a step back.you should go see a local HML... check out Norris group in LA they take investor funds.Not sure if Charlie takes on investors on a one to one basis or through a PPM.. but someone with his experience is the bow you need to shoot your arrows.Again this is a HORRIBLE Risk/Reward scenario and the person advocating it has just hit the lottery if he or she can suck investors into that scenario.

Should I buy lottery tickets with the money instead?

In 2 years I'll be playing that lottery.

Guaranteeed.If you really want this house, the only realistic route to success is:1) Move someplace cheaper2) Save3) Increase your income4) Buy the house at full market value when you can actually afford itShort of that, I suppose you could always win the lottery or just put it on a credit card.

Do you mean factually a good return based on the risk/reward in comparison against stock market, start ups, the lottery, CDs, etc.