Would you buy a property that was break even with 75% LTV?

[Alex Silang]

That's what the deals look like in my area. ~$800k for a triplex. With 25% down, you'll essentially 

breakeven.

BUT

* Approximately $600/mo principal paydown.

* Decent growing area (maybe 3% appreciation). I know that there are some people here (often in the Midwest) that hate to rely on appreciation. Well, anything on the coastal areas have been cruising on counting on appreciation.

* Rent raises

So I've never done this before - when I bought my previous two properties there was decent cashflow from day 1. Any thoughts on a break even property?

[Joe Villeneuve]

Define "break even" with exact numbers.  25% down isn't break even if it took the added 5% DP to get there.  It means you paid your negative CF up front in the form of the extra 5% DP in out of pocket cash, that you have to recover.