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In today's video, the importance of having a Proof of Funds for wholesale deals is discussed. A Proof of Funds can be a letter, bank statement, or screenshot of a bank account to show funding availability for closing a deal. This documentation is necessary for real estate agents to take your offers seriously. The video covers how to obtain a Proof of Funds for free without using software or paying for it, as well as explaining why it is crucial for successful wholesale transactions.