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In this video, the speaker and his business partner, Brent Fisher, discuss three benefits of land contracts. They share their experience with a real estate portfolio consisting of nine multi-family units, emphasizing their first property was acquired through a land contract. Land contracts allow property owners, who own their properties free and clear, to act as the bank and provide financing to buyers directly, bypassing traditional bank sales. This approach can offer unique opportunities for both parties, especially if the seller prefers not to sell for immediate cash. The speakers encourage exploring this financing option for real estate transactions.