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In this video, the narrator explains the importance of having a letter of intent as a tool for real estate investors when making offers and securing contracts with sellers. The video breaks down what a letter of intent is, when and how to use it. The narrator also offers their own letter of intent for free at the end of the video. The video is sponsored by Flipster, a real estate software company. The narrator, Jerry Norton, is an experienced real estate investor specializing in flipping houses and helping new investors enter the market.