How to Buy a San Franciso House for $150

Yes, you read that right. One hundred and fifty dollars. And it's not a fixer-upper either. And it's not located in a bad area. What's the catch?

Well, first let me describe the house. The home totals over 4,300 square feet on three levels. The home features 6 bedrooms, 4.5 baths, gourmet chef’s kitchen and three car parking. The house is LEED Platinum certified with Cat-5 wiring. It is centrally located in San Francisco, in close proximity to Buena Vista Park, major shops and restaurants.

 OK, here's the catch. The house is being raffled off with each raffle ticket selling for $150 each. So all you need is to be the winning entrant.

However, even if you don't win first prize, there are plenty of other prizes, such as your choice between an Audi Q5, Mercedes-Benz C 250 Coupe, BMW X3, or $45,000 cash as second prize.

Other prizes include vacations to Paris and Maui, Apple (AAPL) TVs, MacBook Airs, Samsung Google (GOOG) Chrome Notebooks, Amazon (AMZN) Kindle Fires, and numerous others.

Proceeds from the raffle support the Yerba Buena Center for the Arts. More information about the raffle can be found at the San Francisco Dreamhouse Raffle website.