Owner willing to sell way below market value

[Kenneth Moerschel]

Hello All,

I have a question or scenario. An owner is opened to selling their building way below market value. There is no mortgage on the building. What are the financial implications if the owner sells it to someone for a much lower price? What tax or downstream effects should the buyer be aware of?

How do you structure this deal to make it go off without any issues?

Thanks for all replies in advance.