Is there a thing as too many LOIs at a time?
Is there a rule of thumb about issuing many LOIs at a time? Would you suggest limiting to one at a time until the deal pulls through?
Or would you suggest simultaneously?
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by a searcher
in London, UK
in London, UK
1yr ago
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by a searcher
1yr ago
from Harvard University in Philadelphia, PA, USA
from Harvard University in Philadelphia, PA, USA
Obviously there are varying opinions, and I know folks have had success closing a deal while under LOI for multiple. It helps you manage some risk. In my experience, I'd advise against multiple LOIs simultaneously and instead focus on closing 1 deal while sourcing others in the background. There's a ton of work to be done while under LOI and I wouldn't want to waste my time (or those of the seller, broker, etc.) if I wasn't 100% dedicated to getting that deal closed. But again, varying opinions on this one.
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by a searcher
1yr ago
from INSEAD in San Francisco, CA, USA
from INSEAD in San Francisco, CA, USA
Submitting multiple LOIs? Completely fine. This is a numbers game. Brokers are shopping your offer around looking for the highest $ - don't let them convince you otherwise.
Being under LOI for multiple companies? That's where I draw the line. IMO just pick the best opportunity and run with it. QoE is too expensive.
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