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In today's tutorial, the focus is on the promissory note, trust deed, and their significance in the house-buying process involving investors and lenders. Understanding the lending process is crucial for individuals involved in wholesaling or flipping houses, as it’s necessary for transitioning into an acquisition company. The discussion revolves around a case study where the investor identifies a house priced at $40,000, highlighting the need to present this opportunity to potential investors or lenders. Emphasis is placed on securing funding by demonstrating the equity in the property and the potential value post-renovation, illustrating the importance of these financial instruments in real estate transactions.
