Is there a thing as too many LOIs at a time?

searcher profile

May 21, 2025

by a searcher in London, UK

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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commentor profile
Reply by an intermediary
from The Johns Hopkins University in Gainesville, FL, USA
Multiple LOIs is fine if and only if you have the resources to do due diligence and close on every deal that you propose. Otherwise you are wasting sellers' precious time and resources. As ^redacted‌ suggested, the Golden Rule applies. And as ^redacted‌ suggests, you should not be promulgating an LOI without appropriate initial diligence.
commentor profile
Reply by an intermediary
from Wisconsin Lutheran College in Brookfield, WI, USA
Let's turn this around - how would you feel about a seller asking to accept multiple offers on the business to see which one would win? The answer to that question should guide your answer to your first.
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