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In this video, the host discusses novation agreements, a key strategy for acquiring and flipping properties. The focus is on how these agreements work as a fix-and-flip strategy rather than a long-term investment. The host emphasizes that novation agreements are primarily used for purchases and flips. They briefly introduce the concept of a novation agreement by explaining how it involves negotiating with a seller—illustrating this with an example involving a fictional seller named Eric. The host mentions that they frequently teach about novation agreements but rarely cover them in detail on the channel, indicating the strategy's specialized nature.
