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What would you do if you won the lottery?

Well as some of you know, the MEGAMillions prize is up to $168M. I have a very simple yet complex question for you.

Would you pay down or off your client's homes?

And if you do pay off their homes,

would you let them have it free and clear or
would you put the house in your name and grant them a life estate or
if they choose to sell split the equity?

Sound off. My husband, myself and my team are debating this topic. Funny what money does to normally quiet people!!!

Posted by Vangie Williams - Real Estate with Personality on 12/17/2007 10:22 PM

Comments (6)

lottery and real estate

Post is included in group: Real Estate with Personality

6 Comments on What would you do if you won the lottery?

DEC

2007

Vangie, I would buy a bunch of homes and sell them (on some sort of affordable purchase contract) to needy families and first time homebuyers.

I would help the Katrina victims by building as many homes as I could and giving them free of charge to these people who lost everything they owned materially as well as their livelihood. Many lost loved ones too which can never be replaced. I can't even comprehend all the loses those people suffered.

We all should do our part now without waiting to win the lottery and make it right for those people in New Orleans.

http://www.makeitrightnola.org/

Thanks Brenda and Carol, I definately would take of the needy.

DEC

2007

Vangie, I would give 90% away right off the bat to a variety if charities, And keep the rest in the bank.

Merry Christmas!

Ginger

Wow. I estimated I would give away close to 45% and still have enough for my husband and I to put 6 daughters through college, pay for weddings and have enough invest and also enough to retired young and travel the world in comfort.

DEC

2007

I like to work! I just don't like to stress about money - so if I were to win, I would also just keep enough for my family (including parents, siblings and theirs and of course my in-laws) and then I would set up charity foundations, invest for them, and donate to a variety of local charities. I have a very long list of who I would want to help..... one day I hope I can make all those people very happy.

Merry Christmas everyone!

Surina

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