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In the past, real estate transactions were sealed with a handshake, but now contracts are essential. However, even with a contract, there's a risk of being cut out of a deal. As a wholesaler, it's crucial to prevent this. In this video tutorial, the focus is on wholesaling houses and providing four steps to avoid being cut out by the buyer or seller. Special moments in wholesaling include signing contracts with a motivated seller, a cash buyer, and receiving a big check when the deal closes.