Do I need a proof of funds letter?

[Peyton LaBarbera]

Just to make it known I am still in the research phase and I am not in the middle of a deal, remember I might be new to learning this but I am not that stupid ;)

Anyways I have been doing lots of research on wholesaling and I came across a article that briefly talked about a proof of funds letter and I just have a couple questions about it. First off I was wondering as the wholesaler doing assignment contracts do I need a proof of funds letter and if so how do I go about getting one?

The reason this confuses me so much is because as the wholesaler doing assignment contracts I am bringing in other investors to close the deal with their money so should I tell the seller that once I get a cash buyer I can get them to send over a proof of funds letter?