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In today's tutorial, we examine the roles of promissory notes and trust deeds in the house-buying process, particularly for investors and lenders. Understanding this lending process is crucial for those involved in wholesaling or house flipping. The video uses a case study approach, illustrating an investor who finds a house priced at $40,000, indicating that there is potential equity. The investor needs to present this deal to a lender to secure financing. Emphasizing the importance of grasping these financial instruments, the discussion aims to equip viewers with knowledge to advance in real estate acquisition.