Post reply

I need EVERYONE'S opinion please!! (by Mike N.):

kenh186 wrote:

I have a Wyndham ownership and I am looking to get rid it, but realize I would never get enough to pay it off, lol. So, I have an idea and want to get ALL opinions please.

I am thinking of doing a raffle for it. $50 per ticket. Here's the catch, I must sale a certain amount of tickets. If I don't, EVERYONE will receive a refund for their ticket. Also, ANYTHING over the certain amount of tickets set will go to my Church since it is really struggling financially. If i do this, I would put a vid of the drawing on Youtube or somewhere like that so that everyone could see that it was REAL and not just taking peoples money. I would also have a celebrity do the drawing. I would MASS advertise it, anywhere that I could. Flyers locally, classifieds, Ebay, timeshare forums, etc. What do you guys think? Is this a good idea? I mean, it would help me and my Church I think. How many tickets do you think I would sell at $50 each over 6 months??

First the bad news. I don't know where you live, but I'm guessing you'd be violating your state's gambling laws since you'd be receiving money from the ticket sales.

Now, let's assume that you are legally allowed to have the raffle. I don't know where you own or how many Wyndham points you own, but Wyndham is a pretty cheap buy on eBay. These days, someone could probably pick up a Wyndham for around the cost of a few $50 tickets.

Recently in our local church, a guy raffled off his TS, but he gave ALL the proceeds to the church. I never followed up on it so I don't know how it turned out. Items such as closing costs, etc were never discussed.

It sounds like you owe a LOT on the loan, so unless you were willing to bite the bullet and pay off the loan, then donate the TS to the church for the raffle, I don't think you'd have much success. Just my humble opinion.