California law in regards to deposits on residential projects is 10% of the total proposed project value or $1,000.00, whichever is less. On

But, normally, if the price per square meter is the market's avarage, the appraisal should come more or less on the asking price. 

This was a good lesson for me and I hope to recover some of my investment.

Looking back, the biggest lesson was saving from a position of financial strength.

Quote from @Danny Gonzalez: @Paul CijunelisSo I’m not in the IL market, but I’ve owned a PM company for 5+ years, and here are some lessons I wish I’d known when starting out:1.Hire a VA Early: If you haven’t already, bringing on a Virtual Assistant is a game changer.

Everything changed for me when I picked up my first book.One of the most powerful lessons I’ve learned is the value of compound effort.

This taught us an important lesson: it might be time to bring on a dedicated dispositions specialist to ensure we maximize our spreads on every deal.

., Lessons learned?

Yes it’ll come at a 20% less on the bonus depreciation but it’s better than stressing yourself out trying to meet all requirement in 2024 just to be disappointed and have to do it in 2025 anyway.

Lessons learned?