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In the old days, real estate transactions were sealed with a handshake, but now contracts are necessary to prevent sellers from cutting buyers out. Wholesalers must be cautious, as this situation may occur. This video tutorial by Jerry Norton covers wholesaling houses and the four steps to prevent being cut out of a deal when working with buyers or sellers. The three special moments in wholesaling include signing contracts with motivated sellers and cash buyers, with the best being the closing moment when receiving a significant payment.
