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In this video, the host introduces the concept of Novation agreements, which are primarily used in real estate for fix-and-flip strategies, rather than long-term investments. The speaker emphasizes that Novation agreements involve purchasing a property and then reselling it. They mention that there are three methods for executing a Novation agreement but do not elaborate on them in this segment. The host illustrates the concept with an example involving a seller named Eric, who wishes to sell his property at a high price. The overall focus is on how Novation agreements can be a strategic approach to acquiring and flipping properties.
