Finally, what if Clayton is telling the truth and all of this is just Ocean Pointes fault? When Clayton went to the properties, he was told that a tenant had already been moved in so they could not enter. The pitch was simple: Give Morris your cash, and hed take care of the rest. Whether youre struggling to find cash-flowing deals, low interest loans, or the cash you need to close, Pace Morby's brilliant creative finance strategies will empower you to close more with less and supercharge your portfolio in 2023. We hope he finds comfort in that humor and remain committed to finding solutions for us all.. I didnt have to do anything but sign papers. Are you intimidated by the thought of DOING IT ALL yourself? BBB Business Profiles generally cover a three-year reporting period. We were a victim, too, Mr. Morris, 42, said during an interview with his wife at a coffee shop near their suburban New Jersey home. We are looking at $30,000 to $40,000 in profit per property, which would mean $21,000,000 to $40,000,000 split between Ocean Pointe and Clayton Morris. We have talked a lot about Clayton Morris in the article, but the article is not meant to bash him but to warn others. The investor starts receiving checks for the rent. The decision is the result of a. | This Is #HoltonWiseTV (Highlights)https://youtu.be/OkTyqwOwsXwLost Life Savings with Clayton Morris from Morning Invest | This Is #HoltonWiseTV (Highlights)https://youtu.be/8OAmdyEEiR8Ways you can work with Holton-Wise to Invest in Real Estatehttps://www.holtonwisepropertygroup.com/property-search-for-sale/Ways you can advertise your Business on HoltonWiseTVhttps://www.holtonwisepropertygroup.com/advertise-with-us/ THIS SHOW SPONSORED BYPropStreamhttps://trial.propstreampro.com/holtonwise/Landlord Insurancehttps://www.holtonwisepropertygroup.com/insurance/ HELPFUL RESOURCESHolton-Wise FAQhttp://www.holtonwisepropertygroup.com/property-management/property-management-faq/Real Estate Data - PropStreamhttps://trial.propstreampro.com/holtonwise/The Ultimate Guide to Grading Cleveland Neighborhoodshttps://www.biggerpockets.com/blogs/4704/42419-cleveland-neighborhood-gradesThe Ultimate Guide to Grading Birmingham Alabama Neighborhoodshttps://youtu.be/-zq8pvuW7QMThe Ultimate Guide to Grading Kansas City Missouri Neighborhoodshttps://youtu.be/zERyL0sxqZEFree Property Management software.https://www.rentecdirect.com/holtonwise/Lower Your Rental Property Insurancehttps://www.holtonwisepropertygroup.com/insurance/Join our FREE Real Estate MASTERMINDhttps://www.facebook.com/groups/TurnkeyRealEstateAndPropertyManagementMastermind#HoltonWiseTV is #RealEstateInvestingMadeEasy Sam Bankman-Fried is a con man and fraudster of historic proportions. Morris Invest helps you reach financial freedom through real estate investing | Morris Invest is a comprehensive properties investment firm, specializing . These are the housing markets that offer the most cash flow opportunities in the United States. The couple, who have three young children, said they were frustrated with all the anger directed at them. Getty Images. Quickly match with investor-friendly agents who can help you find, analyze, and close your next deal. RENTAL REAL ESTATEDONE FOR YOU. Renovation work was done on 60 percent of the 700 homes sold in Indianapolis, Mr. Morris estimated. I have a full time job but I wanted some supplemental income to help pay the bills and grow into something more where I can not work and be financially free Buying my house with Morris Invest was so easy and I cant say enough good things about the company., My property already had a tenant in place. MORRIS INVEST, LLC et al Case Summary On 06/28/2019 300 REAL ESTATE INVESTMENTS IN, LLC filed a Property - Personal Property Fraud lawsuit against MORRIS INVEST, LLC. Morris Invest is the best. These are very incestuous networks, Mr. Garboden said in an interview. If all of this happened and he had no idea anything was wrong, wouldnt he apologize at some point? From what I can tell, he is not just buying houses that need work but building new houses as well in Texas. It is possible that Clayton and his company only made $4.5 million, or it is possible they made much, much more than that, all from hundreds of investors who lost tens of thousands each. Clayton posts on his own site how he found out about the problems in 2017 (contradicting himself), turned in the company to the authorities, and his own family was taken advantage of, even his own mother who had to take a loan out to pay $10,000 in back taxes. I am now out Over $75,000 (CASH), I have no house built nor even started. Lease Purchase, Lease Options, Tax Liens, Notes, Paper, and Cash Flow Discussions, Private Lending & Conventional Mortgage Advice, Real Estate Guru, Book & Course Reviews & Discussions. Anytime that you work with a bank it will slow down the process. In response to a Freedom of Information Act request, the Federal Trade Commission said it had received 21 consumer complaints. Before Clayton Morris left the USA for Portugal and started running his daily news show Morning Invest, the YouTube star was involved in one of the most notorious real estate scandals that the. I also made a video about Morris Invest, and Clayton responded on one of his videos when people kept asking questions (note that Clayton deletes most bad comments left on his social media). Robinhood has settled a wrongful death lawsuit filed by the family of a 20-year-old trader who died by suicide after seeing a negative account balance of $730,000. But the couples new venture did more than offer advice: It was a one-stop shopping experience for investors who wanted to buy rental homes by dipping into their retirement savings, if necessary. Mark also owns 20 rentals including a 68,000 square foot commercial strip mall. Here is what we do know: The reason I do not buy Claytons story is that he was commenting about, and in my opinion, well aware of the problems with the properties and lack of repairs in 2016, if not sooner. Accordingly, they have tended to seek out professional and reliable landlording firms and contractor conglomerates to do the fixer-upper work involved in this perversion of the traditional home-as-bootstrap-fuel model of American dreamer class-mobility. Analyze Deals Like a Professional Investor. Vacant lots sold on the expectation of new homes being built are strewn with trash. The misunderstandings of those buyers related to misstatements by Morris and his sales personnel.. They are focused mainly on Detroit, where they have sold more than 200 homes, largely without the kind of complaints they face in Indianapolis. He said he had paid in advance for renovations to the Indianapolis property that were never completed. The Morris Meltdown. Some are associated with Bank Rossiya, a lender widely known as "Putin's bank," while others ultimately belong to members of his inner circle. The Stars investigation detailed the grim conditions in which tenants of Morris and Whalens mini-empire were made to live including exposure to lead, dangerous mold, and rodents. Despite the break with Oceanpointe, the Morrises said they had many satisfied customers. No one is compelled to buy but when things are misrepresented that is a huge problem. Welcome! We find, fix, fill and manage great properties while you see amazing returns on your investment. In addition to launching a podcast aimed at counseling listeners toward healthier and more lucrative money habits, Morris eponymous Delaware-based corporation began soliciting investor clients for an easy-money, get-rich-quick scheme involving decrepit housing units in the Indiana capital. Here is the basic premise for what people say happened: Many of these stories came out around 2016, and then the articles in the papers came out and lawsuits followed in 2019. Morris Invest's headquarters are located at 235 Main St 194, Madison, New Jersey, 07940, United States What is Morris Invest's phone number? Mr Morris has finally informed me that he does not have the money that I wired as specifically directed by his representative. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. Also caught in the middle are the renters who lived in some of the homes. It was his name and his promise, said Larry McLeskey, one of nearly two dozen individual investors suing Mr. Morris in the federal lawsuit. This site uses Akismet to reduce spam. We offer conventional financing, portfolio financing, International financing, IRA financing, and non-recourse financing. Are you worried about making COSTLY mistakes with a vacant rental property? The Morrises said they had eventually formalized the relationship, sending buyers to Oceanpointe and earning a fee on each sale. Morris invest aka morning invest advertised that I would earn rewards if I referred people to sign up to morning invest newsletter and I have completed such referral number and I have not received my rewards Morris Invest Scandal: Optimal Resolution List - UpdateTrader Photographer: David Paul Morris/Bloomberg. But you might not learn that from the New York Times, CoinDesk's Chief Insights Columnist David Z. Morris writes. They said they had lost $40,000 on the property. Questions About BiggerPockets & Official Site Announcements, Home Owner Association (HOA) Issues & Problems, Real Estate Technology, Social Media, and Blogging, BRRRR - Buy, Rehab, Rent, Refinance, Repeat, Real Estate Development & New Home Construction, Real Estate Wholesaling Questions & Answers, Rent to Own a.k.a. Mr. Gomes said he had learned about the fire only several months later, when the city sent him a notice warning that the property was unsafe and needed to be boarded up. But here's what you need to know Project OneLife 82 subscribers Subscribe 85 Share 8.5K views 3 years ago This is my limited experience with Morris Invest which. They do full criminal background checks on potential tenants. I am now a real estate investor and its leading to some other great projects that Im putting under my belt as well., Even though I am a real estate investor in my local market in Florida, Im a wholesaler and wholesaling is the art of finding discounted properties I am actually making a higher ROI but more cash month over month with my Morris Invest properties., The Morris Invest team have been instrumental in guiding me with investing in properties and helping get closer to financial freedom.. His services were available to politicians of seemingly every stripe, from Howard Metzenbaum on the left to Jesse Helms on the right. Schedule a quick phone call with our team so we can learn about your investment goals. One coffee mug. We like to start by getting to know you better, and invite you to do the same. For clients dissatisfied with the work on their properties, Mr. Morris said Oceanpointe had agreed to indemnify Morris Invest against all lawsuits and investor claims. He has even started selling new financial advice coaching programs. Turnkey properties are usually houses that are rehabbed, rented out, and ready for someone to buy without much work. | The Morris Invest Allegations - Landlords From Hell 2https://youtu.be/iGUw3K384AY$7.2 Million Lawsuit | Clayton Morris Caught Lying About Real Estate Deals - Landlords From Hell 3https://youtu.be/cOp3cTJdjKYVictim Has Evidence Clayton Morris Stole $20k+ From Him - Victims Fight Back | Landlords From Hell 4https://youtu.be/rWK7LKESdmMEXPOSED - Meet Kevin on Clayton Morris Fraud - This Is #HoltonWiseTV (Highlights)https://youtu.be/esqjWEMimpUClayton Morris Loses $7 Million Lawsuit - The Moring Invest Host's Dark Past | Landlords From Hell 8https://youtu.be/HMDgF9FDN7MLost $73,000 with Clayton Morris from Morning Invest - This Is #HoltonWiseTV (Highlights)https://youtu.be/olDTTRy3bOoClayton Morris Fled to Portugal Before Morning Invest? Stansberry hasnt gone away now that the White House has changed hands. Log into your account. Clayton is still marketing properties as his properties, not as a referral partner, Clayton is still telling everyone who will listen that he knew nothing, was taken advantage of, and it was all Ocean Pointes fault. Has anyone done recent business (2020 or 2021) with Morris Invest or SDIRA Wealth? Shortly after he was a Fox News TV personality and just before he became the host of Morning Invest, Clayton Morris was involved in some of the most notorious turnkey real estate investment. This allows production in higher volume vs. higher margin. Weve helped many people buy their first investment property and weve helped many seasoned investors build their portfolio of properties. And even with all of these options he gives us, I dont think any of them are right based on the information available online (including Claytons own site). ATLANTA - Aug. 19, 2020 - PRLog-- Jay Morrison, a self-proclaimed real estate mogul and actor advocate of black civil rights is now under attack by his founding investors and people once considered his customers.Mr.Morrison is accused of swindling investors out of their money with acts of fraud by misappropiating funds various other breaches of fiduciary responsibilities. But it would be another few months before an Indianapolis Star investigation blew the lid off the thing, and the New York Times published its own lengthy look at what Morris and no-longer-licensed realtor Bert Whalen had been up to. Over the past 20 years we have formed relationships with over 100 different lenders. If you continue to use this site we will assume that you are happy with it. Fresh-faced journalist with an interest in media, tech, culture and society. He has problems keeping his own story straight. Im a novice investor. If he ignored those problems, he is the worst investor in the history of the world. Is this FRAUD?. I have talked to Clayton Morris a few times. Turnkey rentals can be a decent investment, but they can also turn into a nightmare! Thats why we typically schedule a phone call we can answer your questions right away and it helps us get a sense of your personal situation. This guy ran a real estate Ponzi scheme with Bert Whalen (Oceanpointe investments owner) in Indianapolis and stole millions of dollars in peoples money. The 8th episode of The Landlords From Hell Show explains how the Clayton Morris vs. Holton-Wise lawsuit shook out now that the case is over. START INVESTSING NOWhttps://visitor.r20.constantcontact.com/manage/optin?v=0014No5iJxuS6_2LK2eOy-Z3Z8vPo6Ue70Rgz1-JsiLcXs0fN-XvNrjAO-yqQL-PtgHzJuJxrySoTtSnSJbj_4me2y5LCAFQZqrI2jvtdZMLw6fXtLSIcFGLMD6ndU_hwunjZ_uoFnqILa2IoEXHuxSazyHx_wm65On MENTIONED ON THE SHOW BUY THE TOILET PAPER T-SHIRT HEREhttps://teespring.com/clayton-morris-toilet-paper-w?cid=2397\u0026page=1\u0026pid=2\u0026tsmac=store\u0026tsmic=holton-wiseFox News Anchor Clayton Morris A FRAUD? He was on my podcast at the beginning of 2018. Thats about it! But he did not keep it a secret, either. Mr. Morris is inviting investors to follow in his footsteps with a nine-session online program at a special introductory rate of $697. Stop worrying, and let us take care it! One house gutted by fire was sold a few days later to an unwitting investor, according to a lawsuit.. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Property renovation to increase your equity, Fix the toilets (and take those 2:00 AM calls). I was asking Clayton very specific questions about what happened, and he refused to answer them. In this episode of The Landlords From Hell Show we go over newly discovered evidence in an update on the allegations that former Fox News Anchor Clayton Morris and his company Morris Invest worked with Bert Whalen and his company Oceanpointe Investments to defraud investors in what has been called a real estate Ponzi scheme. Lucie Morris-Marr is a freelance investigative journalist and author. I picked up 2 in illinois and Ive just been collecting rent. I saw all the new articles about him getting sued and moving to Portugal. Used to be a "progressive," touting Bernie Sanders and American left-wing policies. About a month before Cal Fire Director Ken Pimlott punished Morris' staff, he promoted Morris to Nevada-Yuba-Placer unit chief . Get your property match. The rent comes in for a few months, but then it stops. He was not an out of state investor who never saw his properties. Schedule a quick phone call with our team so we can learn about your investment goals. Clayton was on my podcast a few years ago, and he has recently commented on my Instagram page about the allegations. One Columbus, GA-based plaintiff accuses the Fox alum of running "what appears to be a Ponzi. The relationship formally ended in May. I am a Real Estate Agent, Entrepreneur, an author and a Real Estate Investor. He has also been accused of scamming hundreds of investors by selling properties that were not rehabbed or even built in some cases. A prominent Los Angeles investment firm shared fees from pension fund deals in New York and California with Hank Morris, the former political consultant under indictment (PDF) for selling. Morris Invest and SDIRA Wealth co-created the Portfolio Program to assist serious investors that have the capability of investing $300K or more. How BBB Processes Complaints and Reviews. The LDS church was concerned that disclosure of its portfolio, which by 2018 had grown to approximately $32 billion, would lead to negative consequences, the SEC said. CALL IT ROOM SERVICE. Maybe, but why did people who worked for him continue to communicate with investors and Clayton himself communicate with investors well after the sale of the properties if he was only getting a referral fee? In some cases, the investor was to pay from $5,000 to $20,000 to have the property remodeled before it was marketed to be rented out. More From Mary Plunkett Get unlimited access to tools and resources that make it easier to find, analyze, and manage deals with confidence! Mark has flipped over 175 homes including 26 in 2017 and 26 in 2018. Mr. Gomes at his home in California. With his wife a former anchor for CBS Interactive he wrote a book, How to Pay Off Your Mortgage in 5 Years.. Why did he refer to the investors as his investors on Bigger Pockets? When did you know there were problems with Ocean Pointe? He is not wrong in that he is owed work done. Thats why we typically schedule a phone call we can answer your questions right away and it helps us get a sense of your personal situation. You can even order a BPO (. In this episode of The Landlords From Hell Show we go over newly discovered evidence in an update on the allegations that former Fox News Anchor Clayton Morris and his company Morris Invest. It doesnt matter if you want to use a Self-Directed IRA or some other financing option we can help make it happen! They contend that the properties were in worse shape than advertised and that rehab work paid for upfront was done poorly or not at all. *In Canada, trademark(s) of the International Association of Better Business Bureaus, used under License. Inside the Tim Wilson 'wreathgate' scandal. He has posted so many different things and given us so many different timelines it is virtually impossible for him to answer questions or he will incriminate himself. He visited the company monthly to consult on any inefficiencies with investor communication and walk properties in progress. That was if he is telling the truth, but I think we can all see from the evidence the chances of that are pretty slim. Morris has previously asserted that he is a victim of Whelan just like the people now suing both men. The Morrises are now selling an online financial advice and planning program: Financial Freedom Academy. We have a dedicated team working with these lenders to bring those rates to our clients. Investing. John Tompkins, a lawyer for Mr. Whalen, blamed Morris Invest, which he said had collected a $6,500 referral fee on every property. The New York Times says that Clayton Morris was making $6,500 per property he referred to Ocean Pointe, and he referred from 700 to 1,000 properties. Maybe, but given his track record, I would have my doubts. He is now facing a half-dozen lawsuits filed by disgruntled buyers. When I asked them about the fraud/lawsuits they said that was Clayton Morris' old partnership with a different company and now they only refer to SDIRA Wealth which only sells new construction homes that are usually pre-leased to buyers (currently they are building in Lubbock, TX). Take the First Step. The pictures above are of homes that Morris Invest had told clients were already rehabbed and rented out. It is my contention that he is in Breach of Contract. Clayton Morris, a former "Fox and Friends Weekend" host, at his. August 11, 2018. To settle the charges, Ensign. However you should expect it to take a bit longer to close. He is a man who is a multi-talented ex American television show host and a real estate investor; notable for being the anchor of the podcast called Investing in Real Estate. His real estate license was permanently revoked in January 2018. Many of the properties in Indianapolis were bought for $10,000 to $20,000 and sold for $50,000 or more. Morris invest received $6,500 referral fees on close to 1,000 properties, which is more than $5,000,000, Almost every investor reports the houses were marketed as Morris Invest properties, Almost every investor says Clayton Morris was in contact with them before, during and after the sale, Clayton claims he learned of the problems in later 2017 or 2018 depending on the story. What do you think? I will show these interactions and talk about why they convinced me that I would never, ever, buy from Morris Invest and I would never personally trust Clayton. The Korean American actor . The Morrises face a half-dozen lawsuits, including one in federal court, and more will probably follow. As a subscriber, you have 10 gift articles to give each month. During our call, well see if build-to-rent real estate can further your financial goals. With any investment there are going to be some commonly asked questions. The couple said they had lost hundreds of thousands of dollars on homes that they and their relatives bought from a property-management company that was one of their business partners in Indianapolis. The Morrises pulled in hundreds of customers from across the United States and as far away as Israel and South Korea. The couple declined to provide a copy of the agreement. There are also a number of reviews on the BBB (F rating) on Morris Invest accusing the company of fraud. As a matter of fact, I didnt even need to physically see the property myself. Additionally our property managers verify rental history by talking to previous landlords to confirm on-time monthly payments. Notorious con-man Porter Stansberry is perhaps the ur-example of the phenomenon. The company, Oceanpointe Investments, was the seller of the homes the Morrises clients bought, and, according to the couple, it was supposed to do the renovations and manage the properties. Are we supposed to believe that when Clayton saw properties like this, he thought the tenants had already moved in and everything was fine because they had blackout shades up? The Morrises have largely gotten out of the real estate business in Indianapolis. )They will also send you a copy of the tenant lease agreement. As Clayton mentions in his welcome video, we are a collaborative team which allows us to work effectively in bringing a customized approach to education and real estate investment. Classic turnkey investing mostly involved keeping your money closer to home, as the ability to drive across town to check on a property you owned that was occupied by tenants whod never heard of you provided turnkey investors a measure of security that they werent being had. A lot in Indianapolis that was sold to an investor. Once we know where we can add value and what solution will make the greatest impact we then will customize a portfolio that will meet your needs, this is when we showcase the properties available. Wouldnt he dig a little deeper if hundreds of people were complaining and not just assume everything was okay? Mr. Whalens businesses have done everything required by their investment agreements and contracts, Mr. Tompkins said. Many investors hired other property mangers or locals to go take pictures of properties, and these are a few examples of what they found. He disputed the suggestion that the indemnification agreement held Oceanpointe solely responsible for problems with the selling of the homes. The property manager. June 15, 2022, 12:00 PM UTC. Thank you! He represented through his YouTube podcast, Morris Invest, that his team was building above mentioned designed homes in many locations in the Indianapolis area for $68,500 plus closing costs and that his team would deliver said home with a qualified two year lease with a well-screened tenant and that there would be a full two year warranty for any defect in the build if it should occur. If the turnkey company wont allow you to talk to the property management company, that is a bad sign. LEARN HOW I INCREASED MY NET WORTH BY $600,000 IN THREE YEARS WITH RENTAL PROPERTIES WITH THIS FREE REPORT. 19K views 2 years ago Clayton Morris & @MeetKevin talk with James Wise about the scam & fraud allegations levied against former Fox News TV personality Clayton Morris & his real estate. Morris Invest | 509 followers on LinkedIn. In fact, he is pushing the envelope even farther! Few, if any, problems have arisen in other cities, they said. Furnaces often did not work properly, leaving homes freezing cold in winter. 1 2 at 5.) Many investors who live in very expensive markets or do not have time to shop for investment properties themselves will consider turnkey properties. Top 10 Real Estate Markets for Cash Flow in 2023. Each of our markets are studied for at least 12 months prior to beginning our lengthy development process. Clayton has pushed turnkey rentals as the easy way to invest in real estate without having to do any of the work. Thus the shades.. Legal Name Morris Invest LLC. Always check online reviews for any company or investor you are going to work with. We help busy investors earn passive income through rental real estate. However, he would not answer some very easy questions I asked him, and there are a ton of holes in his story. Join the hundreds of investors we've helped earn thousands of dollars in passive income this month. An email sent to one client who signed up last year summed up the pitch: Are you working LONG hours but never quite able to get ahead? BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. Clayton can be very convincing when playing the victim. Since 1974 investors have been able to self-direct their IRAs. I signed a contract with Clayton Morris (Principal) of Morris Invest for a newly constructed 900 square foot 3 Bedroom, 2 Bath home on a small lot in the ********** **** ** ************* ******* on October 3, 2017. Hes famous and I thought, Hes not going to ruin his entire reputation. Obviously, in hindsight, I feel like such an idiot.. So, I asked those questions in private messages as well, and he still refused to answer any questions. A lot of people lost a lot of money. It doesnt matter if you want to use a Self-Directed IRA or some other financing option we can help make it happen! This coverage led to Clayton Morris filing a $7.2 Million lawsuit against Holton-Wise. He and his wife offered to help average investors get into real estate, but many of the couple's clients say they lost thousands of dollars. After two decades as one of President Clinton's closest friends and advisers, Dick Morris has turned on his former boss with a vengeance. You dont have to go out and search for a house. Totally up to you if you want to use them or not. Sound good? They offer a number of educational products such as blogs, YouTube videos, and podcasts.. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints. Morris Invest, though, is no longer their top priority. The controversial trading app. They have put their own home up for sale, in part out of concern for their safety. One of the benefits of working with our team is the fact that we produce in high volume which allows us to negate extra fees for you. 2. Clayton said that when he learned all of this was happening, he fired Ocean Pointe Property management and started his own property management company.