How can I lose fat and build muscle for body building?

After years or being beaten up and ignored by women I have decided that I am going to start body building but I am slightly chubby now and the last time I worked out in high school I gained lots of muscle and fat and then the muscle went and the fat never left. I am going to take protein and eat healthy, I am using the Dave Drapper workout. I want to know how I can lose fat while building the muscle is this possible. Thanks Im not obeast at all just slight chubby.

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