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In the old days, real estate transactions were sealed with a handshake, but now contracts are necessary. However, just having a contract may not be enough to prevent a seller from cutting you out of a deal. Wholesalers face this risk, but there are ways to avoid it. The video discusses wholesaling houses and outlines four steps to prevent a buyer or seller from cutting you out of a deal. Three significant moments for wholesalers include signing contracts with motivated sellers and cash buyers, with the best moment being when the deal closes and a big check is received.
