Buying a Commercial Property with a Jerry Springer Story

[Ryan White]

Hello Everyone!

I am knew you this and I am really looking for advice on what to do. I have stumbled upon a commercial opportunity with quite a story.

Without too much detail here are the short facts.

It is a commercial Plaza with 8 units that has been owned by two families that are not related. One side of the family did the business related day to day and the other built the commercial property. The commercial builder has died and this left his side to his family. The accountant family still ran the property and dealt with the day to day operations.

The widow of the commercial builder has now passed and the family is learning that property taxes, income taxes, and basically everything has not been reported for the last 20 plus years.

The family that inherited the building wants out of the situation but is not sure what the best approach is and I think it could be a opportunity to get a great deal but do not understand all the up front things that have to happen before I can buy.

Can anyone give me some guidance on what to do?

Thanks,

Ryan