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In this video tutorial, the speaker discusses the importance of having a Proof of Funds for wholesale deals and explains how to obtain one for free without using software or paying for it. They define a Proof of Funds as a document, like a bank statement, that shows you have access to the funds needed to close a deal when wholesaling houses. Without this documentation, real estate agents may not take your offers seriously. The tutorial covers what a Proof of Funds Letter is, why it's important, and provides two different methods to obtain a Proof of Funds for free.