House Hack with initial negative cashflow - any thoughts?

[Anders R.]

I am currently preparing to put in an offer for a 3-family property in a highly desirable neighborhood in Brooklyn, NY.  Based on my numbers, the property will have a slight negative cashflow for the first 3-4 years, after it is projected to cashflow.  Since I am doing a house hack, I am fine with that, due to that I can easily carry the negative balance myself.  Would love to hear any thoughts on this.  I've included a link to my analysis.

https://www.biggerpockets.com/...

Thanks in advance for any feedback!

[Joe Villeneuve]

Here's what I see.  You will never recover your cash until you sell the property.  That means you are always losing money every year until you sell.  It will take you 15 years to break even if you sell.  If you don't sell, you are counting on what to make a profit?  Appreciation?  You can't count on any forecasted appreciation for the next 5 years let alone 15.  You're banking on future events you have no control over...that's not investing, that's speculating.

Besides, you own the property, but the property owns the equity...not you.

I would hope you could find a much better financial situation than this one.