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In this video, Chris and his business partner Brent discuss three benefits of land contracts in real estate. They share their experience with acquiring properties using land contracts, emphasizing their effectiveness for certain buyers. Land contracts allow property owners, especially those who own properties free and clear, to act as the bank instead of relying on traditional financing through banks. When a buyer like Brent approaches the owner (Chris) to purchase a property via a land contract, they negotiate the terms of the sale directly. This method can benefit both parties, although many property owners prefer immediate cash transactions.
