I have no idea how your cable works. I have Time Warner and the cable dude who came out here wired this up for me as follows:
Cable comes from the wall jack to a 2-way splitter. One goes to the cable modem, the other went to my tv.
After dude left, I switched the 2-way with a 3-way splitter and hooked the two non-modem lines to my dual-tuner card.
I have no idea if it'll work for yours, but if the cable dude split it with no problems, and I split it further, I can tell you if you're living in WI, you can do it.
Since you live on the east coast, that's just a recommendation.
Why do you need to buy tools? Just get a premade 3' cable and give it a shot.