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In the tutorial, the speaker explains how to obtain a Proof of Funds for wholesaling deals without using any software or paying for it. They define a Proof of Funds as a document showing access to funds for closing a deal, necessary for real estate transactions. The video covers why it's important, what it is, and how to get it for free through different methods. Wholesalers need to provide proof of funds to show their capability to purchase properties and be taken seriously by real estate agents and sellers.