How much time do you spend on diligence before submitting an LOI?
How much time do you typically spend on diligence before submitting an LOI, and how do you balance speed with thoroughness?
Post a question, deal, job, etc...
Make a post...
by a professional
from University of California, Berkeley - Haas School of Business
in New York, NY, USA
in New York, NY, USA
8mos ago
Share
1 Like
217 Views
Loading...
reply
by a searcher
8mos ago
in Las Vegas, NV, USA
in Las Vegas, NV, USA
Thank you ^redacted. You NEVER want to replace thoroughness with speed, or try to balance them out. You and your team need to be thorough in due diligence, combing through every fiber of your target, and re-checking your risk assessment. Take your time. No need to rush it before submitting your LOI. I've heard horror stories from others who rushed it and then later regretted it.
reply
by a searcher
8mos ago
from Columbia University in Miramar, FL, USA
from Columbia University in Miramar, FL, USA
A few hoursredactedincluding talk time with broker and seller and temp check discussions with potential equity partners and lenders. Assuming good docs of course
More on Searchfunder
Loading...