Please read through chapter 1 in the attachment and answer the following questions:
1. Joe inherited funds from his grandmother and decided to invest in real estate. Sam, a friend of Joe’s, is also considering investing in real estate. Joe and Sam decide to become real estate investors and decided to purchase 3 properties.
-Describe how you will acquire the properties and the type of properties.
-The name of how you will take the title.
-What are the advantages and disadvantages of the type of acquisition you decided on?
2. You purchased a property with your son or daughter.
-Describe how you will take the title of the property?
-Explain the advantages and disadvantages of this type of ownership.