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In this video, the speaker, along with business partner Brent Fisher, discusses three benefits of land contracts in real estate. They share their experience managing a portfolio of nine units, emphasizing their first property was acquired via a land contract. The speaker highlights that many property owners prefer cash sales and thus avoid land contracts. However, if a seller owns property outright and is open to financing, they can act as the bank. The process involves negotiating terms directly between the buyer and seller instead of using traditional bank financing. This method provides unique advantages that they elaborate on throughout the tutorial.