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In this third video of a five-part series on creative financing for real estate, Geryon, an expert in flipping properties, explains the land contract, also known as a contract for deed. The tutorial covers what a land contract is, its advantages and disadvantages, and how to effectively use it to generate income in real estate. Geryon notes that while mortgage states utilize land contracts, trustee states use contracts for deed, but essentially, they serve the same purpose. Viewers are encouraged to subscribe and click the notification bell for updates on new content aimed at helping them make more money and achieve their dream lives through real estate.