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In this video, the host introduces the topic of novation agreements, emphasizing their popularity and relevance in real estate, particularly in property acquisition and flipping. The focus is on using novation agreements specifically as a fix-and-flip strategy rather than a long-term investment. The speaker plans to outline three methods to execute a novation agreement. He explains that a novation agreement involves negotiating with a seller, represented in his example as "Eric," who owns a house. The tutorial aims to educate viewers on the intricacies of novation agreements and how to effectively implement them in real estate transactions.
