Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

25
Posts
10
Votes
Tom Waddell
  • Portland, OR
10
Votes |
25
Posts

New guy currently living in Portland, OR

Tom Waddell
  • Portland, OR
Posted

Hi everyone. My name is Tom Waddell. I feel very fortunate to have learned about this site this summer while doing some REI research in my childhood hometown in Tennessee. I'm a bit delayed in coming onto the forums, but better late than never, right?

A bit of backstory on me. I'm self-employed and am part owner in a marketing firm that focuses on the forest products industry. I've only ever owned one home before and ended up selling it in 2008 for a relatively decent return.

As a new RE investor, I plan on focusing on multi-family buy and hold for now. I have a 6-month goal to buy at least a duplex (and hopefully as large as a 4-plex) at 80% of value and that will cashflow at around $200 per unit after the 50% rule. This may change as I learn my market better and as I become more educated, but hopefully this is a good start.

I look forward to meeting and getting to know many of you!

  • Tom Waddell
  • Most Popular Reply

    User Stats

    129
    Posts
    24
    Votes
    Alex Anderson
    • Real Estate Agent
    • Milwaukee, WI
    24
    Votes |
    129
    Posts
    Alex Anderson
    • Real Estate Agent
    • Milwaukee, WI
    Replied

    Hello and welcome!!!

    Tucker Merrihew is a BP member and also from Portland. He has a great podcast with a lot of information. If there is anyone who knows the Portland market, it would be him! Check out the podcast below

    http://www.biggerpockets.com/renewsblog/2013/06/13/marketing-new-construction-tucker-merrihew/

    Loading replies...