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In this video tutorial, the host discusses the concept of Novation Agreements, a strategy primarily used in property acquisition involving fixing and flipping rather than long-term investments. The key point emphasized is that Novation Agreements are exclusively for purchase and flip scenarios. The tutorial introduces the basic premise of a Novation Agreement, where the host uses an example of a seller named Eric who is looking to sell his property at top dollar. The host suggests that while they frequently engage in such innovative agreements, it remains a less commonly discussed strategy on their channel.
