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In this YouTube tutorial, the speaker introduces novation agreements, emphasizing their popularity and utility in real estate investments, specifically in fixing and flipping properties. They highlight that novation agreements are not meant for long-term investments but rather as a strategy for purchase and quick resale. The tutorial promises to explain the concept of novation agreements, which involve a seller, exemplified by a hypothetical seller named Eric, allowing the speaker to acquire and manage the property. The content aims to educate viewers on effectively using novation agreements within real estate transactions.