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In this video, real estate investor Jerry Norton explains the importance of a letter of intent when making offers to sellers and securing contracts. He breaks down what a letter of intent is, when to use it, and how to effectively incorporate it into your offers. Viewers are encouraged to stay until the end for a free template of his exact letter of intent. The video is sponsored by Flipster, a top real estate software tool designed for finding and funding house flips. Norton, with over 17 years of experience in the industry, specializes in flipping houses and has helped many new investors achieve significant income through flipping.