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You’ve heard the horror stories — wholesalers losing $20K, $50K, even $100K deals overnight because of bad contracts and lazy paperwork. In this episode of The Closers Club, host David Olds (founder of ezREIclosings) sits down with Keith Gillespie, an investor and deal structuring expert, to expose the real estate contract mistakes that can destroy your business — and how to protect yourself before it’s too late. Keith breaks down the exact clauses, memorandums, and contingencies that keep you from getting burned — and David shares the battle-tested systems ezREIclosings uses to help investors close hundreds of deals every month without drama, lawsuits, or lost profits. If you wholesale, flip, or invest in real estate… this is the legal protection playbook you’ve been missing. 🧠 In This Episode: • The #1 mistake wholesalers make in their contracts • Why you MUST use a “Golden Parachute” clause (and what it actually means) • How to file a Memorandum of Contract to secure your deal • What to do when sellers ghost or back out • How to protect yourself in Sub2 and creative finance transactions • Real examples of deals lost (and saved) by the right paperwork • Why “free contracts” from Facebook can ruin your business • The tools and systems top closers use to stay protected 💼 About Keith Gillespie Keith Gillespie is a seasoned real estate investor and educator who’s helped hundreds of wholesalers and creative finance investors lock down deals the right way. His no-fluff, legal-first approach ensures investors keep their profits and avoid costly mistakes. 🧩 About David Olds David Olds is a 20+ year real estate veteran who’s closed over 1,600+ personal deals and founded ezREIclosings, the nation’s #1 transaction coordination company for real estate investors. As host of The Closers Club, David brings in the best minds in real estate to uncover the truth behind scaling, systems, and closing deals with confidence. 🔗 Resources & Links 👉 Learn about ezREIclosings — transaction coordination for real estate investors: https://www.ezREIclosings.com 📅 Book a free strategy call ➤ https://ezREIclosings.com 📥 Get the Deal Closing Checklist ➤ https://ezREIclosings.com/checklist 🎯 Join our Private FB Group (Insider Tips) ➤ / ezreiinsiders 👉 Want to work with David or schedule training? 🔗 Follow David Olds & ezREIclosings 📸 Instagram ➤ / davidoldsrei 👍 Facebook ➤ / ezreiclosings 🎵 TikTok ➤ / davidoldsrei ✒️ LinkedIn ➤ / davidoldsrei 👍 Subscribe for weekly real estate strategies, raw stories, and tactical breakdowns. 🔥 Top Tools We Use to Close More Deals: 📦 Transactional Funding UNDER 1% ➤ https://form.asana.com/?k=cTxNWUu6USa... 🎯 Free Beginner Wholesaling Course ➤ https://davidoldsrei.com/product/real... 🚀 Dispositions Course (Next‑Level Dispo) ➤ https://davidoldsrei.com/product/disp... 📦 Instant Offer Pricing (LetsGoOffer) ➤ https://letsgooffer.com/?lmref=DCkk1A 🌍 Wholesale Marketplace (5M+ Buyers) ➤ https://get.investorlift.com/?fpr=ezrei 💥 Use code DavidoldsVIP for 10% OFF 📸 Nationwide Notary & Property Pics/Video ➤ https://EZREINotary.com 🛡️ Insurance for Your Deals ➤ https://ezreiclosings.arcanainsurance... 💬 Text Marketing That Converts ➤ https://launchcontrol.us/?ref=david46 🎓 Sales & Acquisitions Training ➤ https://go.theericcline.com/info?am_i... 📈 Credit Repair Blueprint ➤ https://www.skool.com/creditlift/abou... 📌 If this episode helped you, LIKE, COMMENT your biggest takeaway, and SHARE with a fellow investor. ⏲️ Timestamps 00:00 – Intro: Meet Keith Gillespie 02:15 – Why Wholesalers Keep Losing Deals 05:45 – The Golden Parachute: Your Legal Safety Net 09:20 – How to Use a Memorandum of Contract the Right Way 13:50 – Real Stories of Lost Deals and Lawsuits 18:30 – Sub2 and Creative Finance Protection Tips 23:10 – The Right Way to Structure an Assignment 28:40 – Avoiding Facebook Template Contract Disasters 34:20 – Tools and Systems to Bulletproof Every Deal 39:10 – Final Thoughts: Be a Pro, Not a Target #RealEstateInvesting #WholesalingRealEstate #RealEstateContracts #RealEstateTips #WholesaleRealEstate #DavidOlds #KeithGillespie #TheClosersClub #RealEstatePodcast #ContractTips #Sub2Investing #CreativeFinance #RealEstateEducation #RealEstateMentor #ezREIclosings #RealEstateBusiness #ClosingDeals #WholesaleDeals #RealEstateInvestors #RealEstateTraining #DealStructuring #LegalProtection #RealEstateLaw #InvestingPodcast #RealEstateStrategies