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In this video, the host discusses the concept of Novation Agreements, primarily focusing on their role in property acquisition for fix and flip strategies. Novation Agreements are not intended for long-term investments; they entail purchasing a property and then flipping it. The host mentions there are three methods to execute a Novation Agreement and provides a practical example involving a seller named Eric, who is looking to sell his property for top dollar. The video aims to clarify this "ninja strategy" in real estate, emphasizing its specific use case and mechanics in the context of innovation agreements.