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In this video, the hosts discuss three benefits of land contracts in real estate transactions. They share their experience managing a portfolio of nine multi-family units, emphasizing their first property was acquired via a land contract. Land contracts allow property owners to act as the bank, providing an alternative to traditional financing through banks. The process involves negotiating terms directly between the buyer and the seller, where the seller typically owns the property free and clear. This method can be beneficial for both parties, especially when sellers prefer not to deal with conventional cash sales.
