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In this video, Simon Zutshi, author of "Property Magic" and founder of the Property Investors Network, explains lease option contracts and agreements. Having discovered the powerful strategy of purchase lease options in 2006, Zutshi highlights that many, including estate agents and investors, are unfamiliar with this concept. He emphasizes the importance of understanding how to properly use lease options to acquire properties, generate cash flow, and achieve growth without using one's own capital. The tutorial aims to clarify the use of these contracts and help viewers leverage them effectively in their investment strategies.