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In this video, Chris and Brent discuss three benefits of land contracts, based on their experience with a real estate portfolio of nine multi-family units. They explain that land contracts allow property owners, who own their property free and clear, to act as the bank, enabling potential buyers to negotiate terms directly without traditional financing. This can be advantageous for sellers who prefer not to go through banks and buyers who may have difficulties obtaining conventional loans. By using a land contract, both parties can structure a deal that suits their needs, highlighting the flexibility and opportunity these arrangements can provide in real estate transactions.