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In this video, the speaker discusses three benefits of land contracts, highlighting their effectiveness in real estate transactions. The speaker and his business partner, Brent Fisher, emphasize their positive experience using a land contract to acquire one of their two multi-family properties. They explain that land contracts allow property owners to act as the bank, facilitating sales without traditional financing methods. If a property owner has a property free and clear, they can negotiate terms directly with a buyer, as illustrated with a hypothetical example. The discussion underscores how land contracts can be advantageous for both buyers and sellers in real estate.
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