I appreciate the opportunity our key figures (Josh & Brandon) have done to create an opportunity for people like me and others to chase after the American dream!

@Kevin Tad-y I took the home inspector course from American Home Inspector Training (AHIT) and there are quite a few training companies to choose from (NACHI, ICA, your local community college etc - google home inspector training to find them.)

Ok.  Seriously.  I finally decided to get the AMEX Platinum card.   I like the perks that come with it.  Being a RE investor, I figure, why don't I put the downpayment on my Amex, and treat myself to a vacation once I...

Can't wait to see the whole thing and the upcoming American greed episode.  

My confusion is that after the 5 yr term, you have 25 years left and I am not selling the home, rather pulling the equity out and reducing the length of the amort period.This is for a Canadian based but Americans please chime in as I am interested in the USA market as well.

You may go out to a Garage sale or outdoor flea market and pick up a couple of great steals or you may run into a vendor who is trying to sell you crap for top dollar because you're the American tourist coming to town looking to spend some money. they think you are rich!

Because basically I will need him as an american to use a loan to refinance the house and the cash, I don’t know what should I give to him or what should be the deal?

All in all, it doesn't seem out of the ordinary, especially given their relatively low leverage.

Short-Term and Long-Term Capital Gains - Depending on the length of time that you hold the investment before selling it, those capital gains can be classified as either short-term (less than a year) or long-term (a year or longer).Short-term capital gains are taxed as ordinary income, so it depends on whatever tax bracket you’re.

@Kris CligThis method would potentially convert some rental passive income into ordinary income that is subject to federal, state and self-employment tax.You may need to file payroll tax returns.He may ask you to create an entity requiring an additional filing.With everything said, there may be tax savings, but there may also be things that popup.Most states will not require you to have a real estate license to self-manage your own properties.