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In this video tutorial, real estate investor Jerry Norton discusses the importance of a letter of intent (LOI) when making offers to sellers and securing contracts. He explains what an LOI is, its appropriate use, and provides insights on how to utilize it effectively. Viewers are encouraged to stay tuned for a free example of his exact letter of intent. The video is presented by Flipster, a leading real estate software designed for finding funding and flipping houses. Norton, who has over 17 years of experience in the real estate sector, has helped numerous new investors successfully enter the flipping market, achieving significant incomes.