Mastering Apartment Complex Due Diligence with Omar Ruiz

Published: Nov. 15, 2021, 6 a.m.

b"Omar Ruiz is co-founder of LeRu Investments LLC, a private for-profit real estate Investment Company and LeRu Management Services, the property management division of LeRu Investments LLC. LeRu Investments LLC currently manages 92 individual units located from Orange, San Bernardino, and Los Angeles Counties, California, and Harris County, Texas. LeRu Investments LLC is a member of the AOA (Apartment Owners Association). Omar can occasionally be found in front of local audiences sharing his knowledge and expertise on topics such as apartment analysis, due diligence, market cycles, section-8, and effective property management practices.\\n\\xa0\\nMr. Ruiz has been in private practice for more than 10 years and is a real estate investor, property/asset manager. A majority of business activities have been in the city of San Bernardino, where he has advised, guided, and created partnerships and provided property management services to other investors. Mr. Ruiz has a background in business marketing consulting and is a quality control engineer. He\\u2019s worked as an AS9100 quality manager in the aerospace industry working directly with companies such as Boeing, Gulfstream, and Airbus, ULA, and SpaceX. He holds his bachelor\\u2019s degree from the California State University of Long Beach in business with an emphasis on marketing. He is also a member of the American Marketing Association the \\u201cDowntown Merchants Association\\u201d in his home city of Placentia as well as a founding member of \\u201cCitizens for a Better Placentia'' and co-organizer of the Real Estate Investors Network in Long Beach, California.\\n\\xa0\\n[00:01 - 05:00] Opening Segment\\nGet to know Omar Ruiz\\nWhat do Omar and LeRu Investments do?\\nA Business that Keeps Your Curiosity Engaged\\n\\xa0\\n[05:01 - 13:45] Creating a Real Estate Empire\\nA Great Time to be Involved\\nWhy and how Omar started with property management in the great recession\\nHow Omar and his team started to manage a lot of stuff in the Inland Empire\\nA No Brainer Deal and Doubling-Up\\nHow to Foster Good Relationships with Brokers\\n\\xa0\\n[13:46 - 36:06]\\xa0 Mastering Apartment Complex Due Diligence\\nPerforming the due diligence on properties from a distance\\nHow Inconsistencies Can be Your Advantage and Disadvantage\\nHow to Build Proper Due Diligence\\nThree Levels of Due Diligence\\nOmar shares a story on one of their properties\\nThe Power of Stubbornness: Due Diligence with a 1031 Pre-COVID\\nWhat are COVID Reserves?\\n\\u201cWe\\u2019re not selling.\\u201d\\xa0 Did it work out for the better?\\n\\xa0\\n[36:07 - 46:13] Closing Segment\\nQuick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.\\n\\nWhat is the best investment you've ever made other than your education?Good mentors\\n\\nOmar\\u2019s worst investment13-Unit Commercial Deal\\n\\nWhat is the most important lesson that you've learned in business and investing?\\u201c... To be calm, and to just be a focused leader.\\u201d\\n\\nConnect with my guest. See the links below.\\n\\xa0\\nResources Mentioned:\\nPatton on Leadership\\n\\xa0\\nTweetable Quotes:\\n\\u201cAnd that's something that's really important to do in this type of business, is to really foster good relationships with brokers.\\u201d - Omar Ruiz\\n\\u201cYou have to be persistent and maybe, maybe stubborn.\\u201d - Omar Ruiz\\n------------\\nConnect with Omar Ruiz through Facebook and LinkedIn.\\xa0 Visit their website https://leruinvestments.com/.\\xa0\\n\\xa0\\nInvest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\xa0\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes"