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In this video tutorial, the speaker discusses what to do when you sign a purchase and sale agreement with a seller but later realize it's not a good deal. They cover scenarios like not being able to secure funding for a fix and flip or find a buyer when wholesaling. The tutorial provides essential forms and guidance on canceling a real estate contract. The video is sponsored by Flipster, a real estate software for finding funding and flipping houses. The speaker, Jerry Norton, aims to help viewers make money through wholesaling and flipping real estate. Subscribe to the channel for more helpful tips.