All Forum Posts by: Cam Forrey

Hi Jonna and Linda. I know this post is a little old (4 months) but I am a new member here on BP that is in the Boise area.

My wife and I are looking to buy a tri or quad and live in for a year to take advantage of FHA financing. I would love to connect with either of you soon.

I understand that I need to do some research, I was just curious where I can conduct said research. I am having a hard time tracking down any reliable data on vacancy for anything other than apartments. Maybe that is the best data I can get my hands on?

In the meantime I will plug in 10% as a nice conservative placeholder.

Thanks so much for your guys' responses!

Hi guys, longtime bigger pockets lurker here.

I am looking to buy a 3-4 unit property in my hometown to buy and hold. A couple questions for everyone on building good pro forma analysis before I get in touch with a seller.

1) How do you determine a vacancy factor for a 3-4 unit property?
2) How much should I put in the cash flow analysis for repairs/maintenance?
3) I plan on living in one of the units, from a tax perspective is PMI a deductible expense?
4) In my analysis I have a vacancy loss, management fees, replacement reserves (repairs and maintenance), property taxes, insurance, PMI, and utilities. Any other expenses I need to be including in my analysis?

Thanks for any insight, looking forward to being a part of the community.