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In this video tutorial, the speaker explains the land contract, also known as a contract for deed, as an alternative to the installment sale in real estate investing. In an installment sale, the seller functions as the bank, allowing the buyer to make monthly payments. The key distinction is that in an installment sale, the buyer receives the title to the property upon the sale. The speaker emphasizes how the land contract differs from the typical installment sale process, noting its terms and implications for both buyers and sellers. The video aims to clarify these concepts for real estate investors.