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In this video tutorial, the host discusses novation agreements, a strategy primarily used for acquiring and flipping properties. He highlights that novation agreements are not intended for long-term investments but are specifically for fix-and-flip scenarios. The host mentions that there are three methods to implement a novation agreement. He plans to explain the concept using an example involving a seller named Eric, who has a house. Although the host frequently works with novation agreements, he notes that this topic is rarely addressed on his YouTube channel, indicating its significance in property investment strategies.
