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In this YouTube tutorial, the speaker introduces Novation Agreements as a strategy primarily for purchasing, fixing, and flipping properties, rather than for long-term investments. They emphasize that Novation Agreements are considered a "ninja strategy" in real estate. The speaker outlines that there are three methods to execute a Novation Agreement, defining it as a process where a buyer, in this case, engaging with a seller named Eric, aims to obtain the property at a favorable price. The focus is solely on flipping properties rather than holding them for the long term, highlighting the deal's transient nature.
