Originally posted by @Maikel Figueredo:Adrien Chabot well I know I can't put it under contract that's why I wanted to use a LOI.Thanks for the suggestions but I was looking for a little bit more specific answer as to how to wholesale a property which is listed, something I have yet to do.Of course you can put it under Contract, as Lenzy pointed out (at the price agreed by the Seller, with commission payable to the listing Agent on closing).

Financial Implications: The Commission ConundrumThe financial structure of realtors and wholesalers' earnings plays a significant role in exacerbating the discord between them.

Also make sure you know what you are responsible for.Will you be paying the property manager a commission as most people do?

Thanks in advance :) Also...1031Crowdfunding.com is a good place to find lots of deals to evaluate.Additionally I also know of one broker who offers most of the typically packaged 1031 deals but waives the typical front end commissions.

So this total purchase and job could go as low as $380,000 and as high as $450,000 not including sales  Commission.

In addition to commissions, you may owe damages to buyer.

Many times…..Based on nearly 40 years as an active broker…Investor friendly agent means “agent who will cut their commission rate

Also is it common practice to take the entire first month's rent for commission on new tenants?

Ive met with sellers who cant go on market because they cannot afford the commissions or don't have enough equity to cover the cash offers flip investors submit.

Aggressive marketingWe currently have a fairly aggressive marketing strategy but there is always room for improvement.With the current NAR settlement, we will no longer be able to market commissions to agents on the MLS.