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In this video tutorial, real estate investor Jerry Norton discusses the importance of a Letter of Intent (LOI) when making offers to sellers and securing contracts. He explains what an LOI is, when to use it, and how to effectively employ it in real estate transactions. Viewers are encouraged to watch until the end for a free template of his exact Letter of Intent. The video is sponsored by Flipster, a leading real estate software offering tools for finding funding and flipping houses. Jerry Norton, with over 17 years of experience as a full-time investor, aims to help new investors achieve significant profits in house flipping.