I am new to the game as well and admittedly nearly fell for these traps.

We asked for a reduction in sale price for an AC not working and a clogged cleanout drain (concrete/construction debris fell in?).

It actually sold to someone else within the first few hours, but the deal fell through and the wholesaler reached back out to me a few days later and I locked it up.

Was the property under contract before and it fell through?

I moved here because it was a dream for 20 years as I came out here when I got clean/sober and fell in love with the place.It's not the same as it was 25 years ago and zero chance of me investing so looking forward...as I always am. :)

It didn’t work out for me because according to the formula my “coach” provided, this deal did not include at least a 10% profit, and I didn’t care that it was a 6% profit, it was a good profit, and it wasn’t going to be the only deal, but I pitched it to the private money partners I was given access, but It wasn’t jumped on fast enough before another investor snatched it up for $1.3 mil all cash within a couple of days of my walking it.This was the problem with this “coaching” program… all my potential deals fell through because there never was at least a 10% profit, so I couldn’t get attention quick enough from the private money partners before another investor came in with all cash.

This is what I fell in love with investing in real estate.The options,there are so many ways to play this game!

I've been under contract twice this year already but both fell through.

I wanted to wait until after I'd owned the property for a year (tax purposes), but after that time, the negotiations fell through with the buyer. 

I didn’t even know this existed until the worst-case scenario occurred and the entire deal fell apart.