Get out of a bad deal

[Sean Canada]

Hello, 

     I have kind of a newbie question but want to get peoples perspective. I was wondering what others do when they make many offers and have more than one say yes and need to let one offer go. How do you set up a way to back out of the deal? Also what if you make an offer and during the due diligence you find out information that is a "deal breaker" for you, what do you do then? I am just trying to get as much information on this before we start to send out multiple offers. Thank you

[Chris Seveney]

@Sean Canada

Only make offers on deals your serious about closing on. Think of it another way - if you were looking for funding and people said they would fund your deal then after you had it accepted backed out because they had put other offers out to other people would you be ok with that ?