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In this video tutorial, the importance of having a Proof of Funds for wholesale deals is discussed. The video explains what a Proof of Funds letter is and why it is important in the real estate market. It also provides tips on how to obtain Proof of Funds for free without using any software. The tutorial covers different methods to get Proof of Funds and emphasizes the need to have this documentation to show potential sellers that you have the funds to close a deal. Without Proof of Funds, your offers may not be taken seriously in the real estate market.