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In this tutorial, the speaker explains the concept of a land contract, also known as a contract for deed, as a financing alternative for real estate investors. They compare it to an installment sale, where the seller acts as the bank, receiving monthly payments from the buyer. In an installment sale, the buyer gains title to the property upon purchase, signifying ownership transfer. However, the video emphasizes how a land contract differs in ownership and payment structure, outlining its potential benefits for both sellers and buyers in real estate transactions. The speaker aims to clarify these terms for viewers unfamiliar with them.
