How to make $17 million running dream house raffles for charities - Los Angeles Times
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Real Estate

How to make $17 million running dream house raffles for charities

By Phillip Molnar
San Diego Union-Tribune
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Neal Martin Zeavy went from being a kindergarten teacher at a small school in Central California to earning $16.9 million in a decade, according to tax records. He did it by running dream house raffles across the West in which a home is given away only if a certain number of tickets are sold. Often, the threshold is not met. Efforts to reach Zeavy for comment have been unsuccessful. Charity watchdogs have criticized the raffles for setting ticket thresholds that are hard to reach.

Story: Consultant makes money on ‘dream house’ raffles, even if nobody wins a home

Real Estate
Phillip Molnar

Phillip Molnar covers residential real estate, as well as other business issues for The San Diego Union-Tribune. He is an award-winning New Jersey, California and national reporter. Before coming to the Union-Tribune, he worked for the Monterey Herald, The Express-Times and New Jersey Herald. He lives in Chula Vista.

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