Don't worry about the purchase price of a buy and hold?

[Frankie B.]

I've seen this comment floated around a few times, especially when I was in the market to purchase my first investment property.  I've seen it thereafter and I'm curious what is the logic behind it?  In my mind, if I want to pay $200K for a property, but it's listed for $225K then it's in my best interest to negotiate the price down to the price that I'm willing to pay, correct......because if I don't, then I will need a larger down payment, pay higher closing costs, it will reduce my cash flow and it will take longer to pay off the loan.  Is there something else that I'm not considering where paying a higher cost may be in my best interest?