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In this video, real estate investor Jerry Norton explains the importance of a letter of intent for making offers to sellers and securing contracts. He provides a breakdown of what a letter of intent is, when to use it, and how to utilize it effectively in the real estate investment process. Viewers are encouraged to stay until the end for a free access to his exact letter of intent. The video is sponsored by Flipster, a leading real estate software designed for finding funding and flipping houses. Jerry, with over 17 years of experience, shares his expertise in house flipping and aims to assist new investors in achieving significant financial success.