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In this video tutorial, the presenter explains the concept of a land contract, also known as a contract for deed, as a financing option for real estate investors. A land contract serves as an alternative to an installment sale. In an installment sale, the seller acts as the bank, allowing the buyer to pay monthly payments for the property, similar to a mortgage. In this arrangement, the buyer gains title to the property, meaning ownership is transferred to them, while the seller carries the contract throughout the payment period. The video aims to clarify these terms for viewers unfamiliar with real estate financing methods.