Small Multifamily development Q's but need A's!!!!!!!!

[Steven Woods]

Hey BP family! 

Quick synopsis on my current deal:

vacant land located in the Historic Downtown District of Lake Elsinore. .61 acres allowing 13 units. Currently in the process of acquiring land from the city to start the permitting phase of the project.

Q's:  Anyone know of any excellent real estate attorney's, multifamily insurance providers, ground up construction lender?? 

Now before you guys go thinking I haven't looked for this.........I have, but I love to have options on the table especially so I can compare. 

A's: NONE (put your advice HERE!!!) 

As for myself, I'm a new investor currently 2 years in but loving and learning every part of multifamily and plan to scale big! Any and all advice helps and is greatly appreciated!!

[Jason Bott]

@Steven Woods in regards to insurance, from start to finish you could have 3 different policies depending on how fast the project progresses.

1)  Vacant land policy - if you will be holding the property for more than 60 days before breaking ground.

2) Once you are ready to break ground, and to secure financing,  you will need a Builders Risk Policy.

3)  Landlord policy can be put in place once the property has the occupancy permit and it will be 70% leased out within 60 days from the start of the policy.  Some carriers may have slightly different guidelines.