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In this video, the host addresses the topic of novation agreements, highlighting their popularity among searches related to property acquisition strategies. Novation agreements are primarily used in fix and flip strategies, meaning they are not intended for long-term investments. The speaker emphasizes that there are three types of novation agreements. To illustrate, they provide an example involving a seller named Eric, who owns a house. The tutorial aims to educate viewers on effectively utilizing novation agreements in real estate transactions. Additionally, the host mentions their personal experience and expertise in the field, suggesting a deeper exploration of the topic in future content.