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In this third video of a five-part series on creative financing in real estate, Geryon discusses land contracts (or contracts for deed), explaining their structure and application in buying real estate. He covers the definition, advantages, and disadvantages of land contracts, illustrating how they can be leveraged to generate profits in real estate transactions. Geryon also clarifies the terminology, noting that 'land contracts' are used in mortgage states while 'contracts for deed' are employed in trustee states, emphasizing their functional similarities. Viewers are encouraged to subscribe for insights on maximizing profitability in real estate flipping.