ANY TIPS FOR A NEWBIE ON HOW TO MANAGE MULTIPLE SIGNED LOIS?
It really wasn't my intention but one deal stalled and appeared to be dying, while another progressed surprisingly quickly. I then ended up with two signed LOIs on back-to-back days. Two questions:
(1) Would it be unethical to proceed with both for now (given that I realistically couldn't close both)? Should I just pass one of the two right now before even starting diligence? If no...
(2) Would appreciate any advice on how I should manage the processes, particularly with regards to the due diligence and financing processes, in order to best position myself to close a deal but still minimize potential dead deal expenses. Thanks in advance.
(Sorry I have to post this one anonymously)