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The key points from the subtitles are that Dante Smith's first deal was wholesaling a novation agreement, and he is also setting up servicing on his first deal. He mentions that starting with wholesaling novations, sub twos, and seller finance deals can be a better option than wholesaling cash deals due to high competition. Dante tried wholesaling with cash deals but found it to be very competitive. He emphasizes the importance of focusing on alternative wholesaling strategies.