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In this video tutorial, the speaker explains the importance of having a Proof of Funds for wholesale deals. They discuss what a Proof of Funds Letter is and why it is necessary when wholesaling houses on the market. The tutorial also covers how to obtain a Proof of Funds for free, without using any software or paying for it. It is crucial to have this documentation to show that you have access to funds in order to close deals and have your offers taken seriously by real estate agents.