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The speaker shares their experience of getting a property under contract without knowing about Ron Legrand or terms. They initially planned to flip the property with funding from a hard money lender, but are now considering redoing the contract with terms. It is emphasized that anything is possible between two parties if it works for both, and the seller may consider a term deal at a higher price. The suggestion is made to get a private loan or wholesale the property due to the current market conditions.
