In my personal opinion, when it comes to starting a new business, do whatever it takes (morally) to your business off the ground.

The moral of your friend's story is that even if you over pay, buying and holding, at some point in the future, makes sense.

In addition, for a YEAR before even having my license, they provided me moral support through my licensing process, emailing me and calling me weekly, and having me come to any and all Real Estate meetings they had for the brokers so I was familiar with the industry.

at the end of the day.. it comes down to your moral and ethical compass.if your comfortable telling someone your the buyer when in fact your not.. then I guess that's your call.although I believe the way wholesaling is taught that practice is not legal without being licensed.. 

If this was just to avoid the negative equity besides the morality issues with it I do not think it would end up well for the borrower

@Robin Morales, there are some lenders that will do what you proposed BUT is it the right thing to do?

@Leo Morales In my situation I'm in a mountain community and bought there knowing no one.

Moral of the story is that I'd rather use $60k on a property and learn as I go BUT I don't want it to be a losing proposition as soon as I buy.Thank you for the lesson on balloon payments and the land financing/collateral percentages.

To be boost energy, morale and motivation, in this super tough market, Would any BPers investing in the OKC market like to share your RECENT (with a year) success investment deals?

If I can help a family find a forever home, that helps me with my own ethical and moral values.