I found this very cool template:
But I don't know how to recreate it. Any ideas on how to have the video start and stop like it does in the template. Also how do you create the colored effects at the start and stop of the video.
Any tips would be appreciated or if there is a similar tutorial that would be perfect.
Precompose, nest, and, most importantly, enable time remapping.
Search the help system and yoru favorite onine tutorial sites for those items. That will get you started.