You spend months on end looking for potential deals and nothing worthwhile that meets your search criteria comes up. Yet, in a span of a week, you come across a couple of opportunities that seem to be a great fit. Good opportunities don't stay on the market for long and you don't want to lose either option, in the event one of them goes south during DD. Do you put both opportunities under an LOI with the understanding that you will have to walk away from at least one of them? Or do you place your bet on a stronger candidate? Is putting both opportunities under an LOI a act of bad faith or is it a generally acceptable approach? I would love to hear your thoughts.
More on Searchfunder
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.
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.
310 views
67 comments
Sign in to see all replies.
Create an account.