NJ Wholesaling Newbie

[Nicholas Generelli]

Hello BP, 

I'm apologizing in advance is this thread has been done before but I am still quite new to the site. I am a chef looking to switch careers to my next passion, real estate. Though I am still currently a chef, I would like to start wholesaling while I transition out of the kitchen. I have some super basic questions but it is sometimes the basic questions that are often overlooked. How do I get started? I would like to build a lender and a Investor sheet where I can contact when I have found a deal. Do you appraise the houses (I'm looking to start with single family properties first) yourself? Do you have someone go with you? Do you search online for what houses around it are going for, decide an ARV and then go to a private money or hard money lender? Ive heard of people only putting a downpayment of around 5k just to hold the house, can I do that? I would appreciate anyones input on this! Maybe that way I can have a more complete knowledge and finally get started! If anyone is reading this and would like to maybe do business in the near fate please message me and I would gladly add you to a list for myself to use. Thank you so much in advance!

Sincerely,

The Newbie From Nutley,

Nick Generelli