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advantages-disadvantages of ownership

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.