All Forum Posts by: Tom Waddell

Michael and Eric, thanks so much. Look forward to learning from everyone!

Thanks Cameron!

Thank you Alex. I really appreciate that tip!

John, thanks very much from a fellow Southerner. I'm really excited to be a part of this. I've been exposed to buy and hold investing through a real estate friend of mine for years now. However, it's about time that I started doing it for myself instead of just watching others profit. Good luck to you as you move forward!

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!