1. Joe inherited funds from his grandmother and decided to invest in real estate.

Sam, a friend of Joes, is also considering investing in real estate. Joe and Sam decided to

become real estate investors and decided to purchase a duplex in the downtown core.

a. Describe how you will take the title of the property and the reasons.

b. What name will you use to take the title?

c. What are the advantages and disadvantages of the type of acquisition you decided on?

d. How would this be different if you purchased a 20-unit multi-family building? Explain.

2. Your daughter graduated college and decided to purchase a condo unit on the

beach. She asked you to help with the down payment.

a. Describe how you will take the title of the property.

b. Explain the advantages and disadvantages of this type of ownership.

3. How does a Joint Venture differ from a partnership?