Hi Fernando.I'm an Iranian-American raised in LA for 25yrs.

@Chris Kendrick when you buy a house and sell it within one year you are taxed at your ordinary income tax rate which is usually the highest rate depending how much you make.  

Them:  housing is unaffordable and we need to do something to force costs down so that the average family can afford the American dream of ownership or at least affordable rent.Also them: let’s raise the costs to build to fund social justice.I see a real disconnect here.  

Contact your local Bar Association or the American Bar Association. 

. - A truckload of Americans were caught sneaking into Mexico. - A picture is now only worth 200 words. - The Treasure Island casino in Las Vegas is now managed by Somali pirates. - I called a car dealer to get the book value on my used car.

Hi all, My German company is trying to break into the american market. 

not realizing that the answer is "most people that are paid only a base salary or hourly wage, ie the majority of the American workforce, would NEVER have thought of that."

My policy is to charge them 4x the ordinary rent, prorated per day.

Yes, we have a number of solid, hard-working Americans.

The amortization schedule has nothing to do with the length of the loan, just the mortgage payment amount.My only thoughts if you take title and flip would be to 1) have enough time to re-position the property (ask for 24-months even if it is just going to take 6)...you can always reduce this if the seller hesitates, but you can't undue a 6-month balloon if the market turns and you can't sell and settle the balloon. 2) You'll have a lot of costs, so be sure your ARV and repair costs are there...you may have attorney fees for drafting the deed/mortgage, closing costs to close when you take possession, renovation costs, holding costs, and when you sell, you may incur many of these same costs again...if you use an agent or list, you'll have RE commissions to pay...and you'll be taxed under ordinary income rather than capital gains...maybe 30%+...just some things to think about.My approach is always to control even if the cash flow is not there because future equity is more important to me than cash in hand (but 99% of investors disagree)...it's all relative.It sounds like this one will be a good learning curve, so even if it doesn't turn out to be a stellar deal, you'll benefit from the knowledge of this transaction.