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In this video, JP shares insights about a new letter of intent being utilized in his wholesaling operation. He notes that while it's not extraordinary, it has proven effective, evidenced by a recent unexpected deal that generated approximately six thousand dollars. JP reminds viewers that he previously shared four letters of intent in a past lesson, which had been less frequently used at the time. However, the current letter of intent has become a consistent part of their business practices, indicating its growing importance in their operation. The video aims to inform viewers about this updated approach and its practical application in closing deals.