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In this tutorial, the speaker discusses novation agreements, a popular topic among those searching for strategies related to property acquisition and flipping. Although the speaker frequently teaches about novation agreements, they seldom cover it on their YouTube channel. The key point highlighted is that novation agreements are exclusively used for fix-and-flip strategies and not for long-term investments. The speaker plans to explain three methods of executing a novation agreement, beginning with a scenario involving a seller named Eric who owns a house. The focus remains on the purchase and quick resale of properties using this approach.
