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Samuel Leeds, a property investor, explains the concept of Lease Option agreements in this video. He discusses how he learned about this strategy as a teenager without having money for purchasing properties. In a lease option agreement, you buy a house now but pay for it later, allowing you to get a property without immediate funds. The key idea is setting a price today for future purchase, similar to buying a car. This strategy helped Samuel get started in property investment at a young age, enabling him to acquire properties without upfront capital.