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Morris Invest/Clayton Morris Invest

Marco Marcus
Rental Property Investor · Member since 2018 · 12 posts · 5 votes
Hi All I was almost (after listening/watching youtube chanell etc) ready to go with Morris Invest purchase in Indianapolis market but something was telling me read more read more search more and ....I found out some really bad reviews/experience by previous investors. Guys what’s your opinion/experience OR Knowledge about Morris Invest and theirs properties/money maker deals ... Have anyone deal with them In past? I’m neweby and I don’t want get burned at first deal Thank you
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Kirk Paulsen
Member since 2019 · 1 post · 6 votes
7y

In the interest of full transparency, my wife and I personally experienced the Morris "bait and switch" business practices that, in our instance, had absolutely nothing to do with Oceanpointe, when we almost bought a property from Morris Invest that was located in Detroit. Clayton and his team, which includes relatives of his, emailed us explicitly stating that "This property is currently vacant. Currently working on installing new roof and some new windows". Rather than take his team's word for it, we flew to Detroit and drove to the property to do our own due diligence. Much to our shock, we found the property actually had a tenant who had been living there for the past three months, and she said that not only had no work been done on the roof and windows, but no contractor had stopped by to even discuss the possibility of pending rehab work. Further research uncovered that Morris Invest didn't even own the property at the time it was being marketed to us. Thank God we were able to back out of the deal and get a return on our deposit. So our personal experience suggests that Morris Invest has a habit of directly lying to their potential investors. 

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  • Charles Kao
    Specialist · Grand Rapids, MI · Member since 2016 · 1k+ posts · 611 votes
    7y
    @Marco Marcus All I hear is bad stuff from people I know who have used him firsthand and seen alot of bad posts on biggerpockets as well.
    4Reply
  • Kyle J.
    Rental Property Investor · Northern, CA · Member since 2012 · 5k+ posts · 5k+ votes
    7y

    Search for “Morris Invest” on this site and you’ll see dozens of threads on them with all the information you need. 

    Here’s one of the longer posts about them to give you an idea:

    https://www.biggerpockets.com/forums/92/topics/563340-morris-invest-and-clayton-morris-review

    And a recent post talking about a pending lawsuit:

    https://www.biggerpockets.com/forums/311/topics/622365-clayton-morris-morris-invest-oceanpointe-investments-lawsuit

    1Reply
  • Mike D'ArrigoPro Member
    Turn key provider · San Jose, CA · Member since 2010 · 4k+ posts · 3k+ votes
    7y

    @Marco Marcus I'm confused. Didn't you say you read some of the reviews/posts on here? That's all you need to know. 

    1Reply
  • Marco Marcus
    OP
    Rental Property Investor · Member since 2018 · 12 posts · 5 votes
    7y
    @Mike D'Arrigo I read reviews/info at other websites, now I’m reading/finding all about them on BP that I’ve never wasn’t even looking for them at BP, I’m learning Mike
    2Reply
  • Marco Marcus
    OP
    Rental Property Investor · Member since 2018 · 12 posts · 5 votes
    7y
    @Charles Kao Thank you, I’m in shock what I just found out on BP about them
    1Reply
  • Marco Marcus
    OP
    Rental Property Investor · Member since 2018 · 12 posts · 5 votes
    7y
    @Kyle J. Thank you Thank you. That’s clear what I could expect from them if tbe deal would get done. Thank you again
    1Reply
  • Wayne Brooks
    Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    7y

    Set your google search to the last one month.....you won’t be considering them any more.

    1Reply
  • Mike D'ArrigoPro Member
    Turn key provider · San Jose, CA · Member since 2010 · 4k+ posts · 3k+ votes
    7y
    Originally posted by @Marco Marcus:
    @Mike D'Arrigo I read reviews/info at other websites, now I’m reading/finding all about them on BP that I’ve never wasn’t even looking for them at BP, I’m learning Mike

     Thank goodness you've done your homework before took the leap. You dodged a bullet.

    4Reply
  • Krishnan T.
    Real Estate Professional · Tampa, FL · Member since 2017 · 104 posts · 47 votes
    7y

    M.I criminal behavior has not slowed them down - > https://blog.feedspot.com/real_estate_investing_yo...

    Feedspot says they are the 3rd most popular youtube channel !  And M.I website proudly displays their badge or honor -an actual badge given by feedspot ->  https://morrisinvest.com/blog/2018/11/21/top-30-real-estate-investing-channels

    1Reply
  • Zack Todevski
    Member since 2017 · 3 posts · 7 votes
    7y

    I bought a property from them in March and its still not rented. The rehab was not like they promised, they are really horrible in communicating with their investors and nothing from the process is like they say in the videos. 

    STAY AWAY FROM THEM!!

    The videos look so good and he is posting good content out there Ill give him that but other than that stay away from them. 

    5Reply
  • Parker G.
    Rental Property Investor · Providence, RI · Member since 2018 · 6 posts · 3 votes
    7y

    Here's what you need to know about Morris Invest: a federal lawsuit was just filed in Jan 2019 by 21 investors vs. Morris.  The allegations include fraud, deception, and negligence.

    https://bit.ly/2TsEYL4

    2Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    7y
    Originally posted by @Parker G.:

    Here's what you need to know about Morris Invest: a federal lawsuit was just filed in Jan 2019 by 21 investors vs. Morris.  The allegations include fraud, deception, and negligence.

    https://bit.ly/2TsEYL4

     wow did you see treble damages being preyed for ??  OUCH..  Also in the for whatever its worth column.. see how LLCs and trusts and stuff are not asset protection.. you still get sued personally.   IN my mind Morris has no choice but to keep trying to make new sales until he gets a cease and desist as he needs to fund all this litigation.. 

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    1Reply
  • Parker G.
    Rental Property Investor · Providence, RI · Member since 2018 · 6 posts · 3 votes
    7y

    @Jay Hinrichs, it's a real shame.  As you likely read in the lawsuit, the investors describe a ponzi scheme of new money feeding empty promises and rent checks on vacant/non-rehabbed homes for older investors.  I bought a home from MI in Jacksonville.  Thankfully it was just one.  I learned a great deal, still have it,  and am recouping my losses.  Others weren't so fortunate.

    0Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    7y
    Originally posted by @Parker G.:

    @Jay Hinrichs, it's a real shame.  As you likely read in the lawsuit, the investors describe a ponzi scheme of new money feeding empty promises and rent checks on vacant/non-rehabbed homes for older investors.  I bought a home from MI in Jacksonville.  Thankfully it was just one.  I learned a great deal, still have it,  and am recouping my losses.  Others weren't so fortunate.

    Morris had the opportunity with his on line presence and oh shucks approach with his wife to be the premier marketing company in the US .. problem is his business model is not REAL  every thing he says is just reality in his mind its not reality in the real world. so you create this fantasy of 40k to 50k inner city rentals being passive income to retire on.. it hits a price point hundreds of thousand can afford and then you Ponzi it by taking profits on houses that never got rehabbed and sending rent checks to out of area investors who think they have a solid tenant.. when in fact they have a vacant shell.  I mean if you really dig into this.. they also had their office address on the forwarding mail on the deed.. which caused code violations to go to them not the true owner.  those would have stopped this stuff quicker had owners been getting the code violations instead of them going to Morris office to be shredded.. and I say Morris / oceanpointe as they were obviously working hand in hand .. However the other thing I just cant see why has not happened is morris is not licensed real estate broker in any of these states.. and there he is being called a marketer.. you need a license to sell real estate you don't own.. and the state can easily fine him millions for that one.   Also the buyers were just Novice enough to not really understand I think their settlement statements and who they were actually buying the property from.. they / you had to sign a settlement statement and wire your money to closing.. and on that statement there is a seller..  But then you have Morris saying he owns those companies.. well that would allow him to sell without a license if he was a significant owner in each of those entities.. So he claimed he was when it benefited him.. NOW   OH no it was not me I did not own those entities.. So you have the brokering real estate with out license issue.

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    3Reply
  • Pavel Shemyakin
    Rental Property Investor · CA · Member since 2018 · 135 posts · 174 votes
    7y

    This guy is STILL posting youtube videos. and there still are people in youtube comments THANKING this fraud for being an amazing and selfless human being. For providing all this love and care..... How sad. I hope he gets whats coming.

    0Reply
  • Steve Walczak
    Investor · Maspeth, NY · Member since 2016 · 26 posts · 9 votes
    7y

    @Pavel Shemyakin  @Krishnan T.

    @Zack Todevski @Jay Hinrichs

    I was about to start a business relationship with this guy.... because his YouTube channel seems to be so good...

    Shouldn't there be a way to shut him down from social medias, since that's how he lures his pray?

    2Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    7y
    Originally posted by @Steve Walczak:

    @Pavel Shemyakin  @Krishnan T.

    @Zack Todevski @Jay Hinrichs

    I was about to start a business relationship with this guy.... because his YouTube channel seems to be so good...

    Shouldn't there be a way to shut him down from social medias, since that's how he lures his pray?

     thankfully you did some poking around look on rip off report as well. 

    there are multiple lawsuits against this firm and AG investigations.. Frankly if they don't get criminally indicted I will be shocked.

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    0Reply
  • Krishnan T.
    Real Estate Professional · Tampa, FL · Member since 2017 · 104 posts · 47 votes
    7y

    @Steve Walczak  There could be a way to alert youtube ,I will try and see how it goes.

    2Reply
  • Brent Sutherland
    Investor · Pittsburgh, PA · Member since 2015 · 12 posts · 13 votes
    7y

    There is a reason why Clayton or anyone at his company are not active in the largest real estate investment forums on the web here at BP. They would have to answer for the wrongdoings and disception.

    Unfortunately, I bought a home from MI in 2017. In the following weeks/months found out the true extent of how much I was misled the whole way through the process. Horrible experience. Long, drawn-out tenant eviction and nearly 10k in repairs later I have finally stabilized the property.

    Glad you’re reading the forums here before acting. Saving yourself a huge headache.

    3Reply
  • Bryan Richardson
    Rental Property Investor · Indianapolis, IN · Member since 2018 · 189 posts · 141 votes
    7y

    Wow guys, i just watched one of his videos last night before bed. I had no idea about any of this! 

    0Reply
  • Matthew McNeil
    Rental Property Investor · Boise/Portland · Member since 2017 · 709 posts · 742 votes
    7y

    Clayton Morris did better when he was a co-host on Fox & Friends Weekend show on Fox News. 

    0Reply
  • Tofi Lakhani
    Dover, NJ · Member since 2016 · 1 post · 2 votes
    7y

    So I am another investor who got duped by MI. I bought my first property in the middle of 2017 and everything so smooth that I decided to go get another one a month later. Which also really sailed through and I was getting monthly rent from both. A few months later (Feb/Mar. 2018) I went for a 3rd one, this time draining my kids' college fund so I can pay my kids some interest. That was around the time that MI and OceanPoint had a falling out. I paid upfront for the property and the rehab (about $40k). That rehab never got done.

    I personally spoke to Clayton, around June, who told me that as I was having so many issues he was going to bring me into his own PM firm. 3 months later I heard they had moved me over to another PM, HomeRiver/BrickLane. They are charging me an arm and a leg for "maintenance". One of the properties got rented in December 2018 but I still have to see any money from that. One of the properties (2nd one) had squatters in there who did lots of damage. I have tons of violations and to top it off I'm now getting jacked by HomeRiver. 

    2Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    7y
    Originally posted by @Tofi Lakhani:

    So I am another investor who got duped by MI. I bought my first property in the middle of 2017 and everything so smooth that I decided to go get another one a month later. Which also really sailed through and I was getting monthly rent from both. A few months later (Feb/Mar. 2018) I went for a 3rd one, this time draining my kids' college fund so I can pay my kids some interest. That was around the time that MI and OceanPoint had a falling out. I paid upfront for the property and the rehab (about $40k). That rehab never got done.

    I personally spoke to Clayton, around June, who told me that as I was having so many issues he was going to bring me into his own PM firm. 3 months later I heard they had moved me over to another PM, HomeRiver/BrickLane. They are charging me an arm and a leg for "maintenance". One of the properties got rented in December 2018 but I still have to see any money from that. One of the properties (2nd one) had squatters in there who did lots of damage. I have tons of violations and to top it off I'm now getting jacked by HomeRiver. 

    you have what is commonly called a money pit if your looking for suggestions I would sell take your loss's and move on.

    the issue with Morris is his hypothesis of how D class renters and rental property works is completely a fabrication of his mind.

    I just watched the HBO documentary on Theranos.. another grifter dreamer .. her theories were false as well.

    does not matter what yo do .. you cannot over the long haul succeed in those rentals as Morris represented.. he is clueless.

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    0Reply
  • Sylma Johns
    Member since 2019 · 1 post · 0 votes
    7y

    So, I am brand new to REI and came across MI podcast, website, and YouTube. Didn't want to take the plunge until more pieces were in place. I accidentally came across this thread. My question is, if MI isn't any good who is? Is anyone providing helpful and realistic content?

    0Reply
  • Paul KuhnPro Member
    Rental Property Investor · Virginia Beach · Member since 2012 · 70 posts · 34 votes
    7y

    https://www.msn.com/en-us/money/markets/investors-...

    Great news article, sorry all for the hardships all the burned investors went through.

    High Return Real Estate has been a great experience for me in Indianapolis. Had some issues with the HVAC and plumbing which they reimbursed me for the repairs/charges. I would recommend them any day, and Lord willing hope to purchase more properties from them once I'm done with school. (for some reason can't tag HRRE, just learning how to tag lol)

    Also @Jay Hinrichs thanks for your non-profit helping out veterans! 

    0Reply
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