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In this video, the hosts discuss three benefits of land contracts in real estate transactions. They share their experience with land contracts, noting that they are a valuable option for buyers when property owners are willing to act as the bank. Land contracts can be particularly advantageous when dealing with property owners who own their property free and clear and prefer not to use traditional financing methods. The hosts emphasize the flexibility of negotiating terms directly between the buyer and the seller without involving a bank. They highlight their own success, having acquired their first multi-family property through a land contract.