Commercial Building in WV

[Jose Sison]

I recently received an email from a seller in response to a craigslist ad. My ads are directed towards residential properties, but I guess it wasn't clear enough.

Now, I have a seller that claims that they have to sell the property immediately because his father his dying and needs to leave the area. The building currently designed and operated as a restaurant.

I'm not certain what I should do at this point.

Can I bird dog this to a commercial investor?

[Simon Campbell]

My first question is to find out what they are actually selling. Restaurants are not an easy sale. If they own the building, they may be selling just the real estate. Or they may be selling the business (also called the going concern). Then there is the equipment value.

Yes, I would definitely pass on the lead. You may want to contact some of your investors to see if they are interested or know of someone who is interested. Just find out exactly what they are selling first.