How frequently do you submit LOIs?

by a lender

1 year ago

Please submit your response on my Twitter poll (link below).  I'm very curious to see the results and would like to get as many responses as possible.  In my experience with many searchers, I have noticed that some are much quicker to move to an offer than others.   What is the optimal velocity?  What do you think and why?

https://twitter.com/EndresenHeather/status/1567159864060956673

4 likes
232 views
13 comments

lender

Results are in: https://twitter.com/EndresenHeather/status/1567885938222833664

1 year ago | like reply | 1 like

searcher from Northwestern University - Kellogg School of Management

Thanks Heather. This is very helpful because I am wrestling with this issue at the beginning of my self-funded search. I know the LOI is non-binding but I am reluctant to spend my money on diligence until I am pretty confident in my understanding of the business. I'm still trying figuring out the right level of knowledge before an LOI, and this poll will be useful.

1 year ago | like reply | 0 likes

More on Searchfunder

Just Closed on My First Deal! Reflections and Takeaways for other Searchers

45,152 transactions are available on Searchfunder (now searchable by keyword)

Now everyone has unlimited IBISWorld access

Family office looking for traditional searchers

Examples of self-funded searcher websites

Investor seeking Self-Funded Search Deals

What are market terms for Seller Notes?

2 Best Ways To Find Motivated Sellers, Off-Market Deals

Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.

We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.