BUYING INTO A PROPERTY FAMILY OWNED
Hello! My name is John and I've been poking around for a while and listening to podcasts. I've found myself in a position of possibly buying into a family owned building. The building is currently owned by my Mother, Aunt, and a 50% third party.
My Aunt and their 3rd partner are interested in selling while my mother is interested in holding the property. Its a multiunit building, with two store fronts, appraised at roughly 4 million dollars. So I have a few questions regarding buying out and buying in. If anyone can point me in the right direction of who to talk to first it would be much appreciated. I understand the gist of what would need to be accomplished. There is no lien on the property at the moment, which I would presume makes the dealings easier.