All Forum Posts by: Danny G.

@Pete Barrow thank you for your advice! Do you recommend any property management companies in that area?

@Jon Parton thank you for your advice!

@Jon Parton Thanks so much for the advice!  I did see that this home is one block away from being in Merrillville which is too bad.  The house is rented until 7/2022 for $1,250, Do you think this property would stay rented or do they take a while to fill in that area?  

I don't expect too much appreciation but the house is clean and I figured 10% vacancy rate to account for the tougher market there.

Hello,

I am a first time investor and have a home in escrow in Southern Gary/Merrillville but what I read about these areas is that the neighborhood makes a big difference. This home is on E 52nd Street 46410. It's a 3/1.5 1,144sqft for $90,000 and the tenant is in a lease until 7/2022 @ $1,250/month.  The home is pretty clean and doesn't need a lot of work.

Can anyone give me some advice on whether they'd invest here or not.  Obviously the numbers are pretty decent but if it's hard to rent out when these tenants leave that scares me.

Thanks in advance!

I would be open to meeting with some like-minded people locally as well. 

@Brian Freeman, I am using Jynell Berkshire out of Indiana Indianapolis.  So far she has done a good job for me.  Sorry to hear about you losing your family's savings, I basically did also.  I don't know if your case is similar to mine but Clayton signed my purchase contract and never assigned it to anyone else which you would do as a "middle man" which he claims to be. Complete fraud.

Hopefully if enough of us take him to court we can stop this crap.  Good luck!

My attorney sent a demand letter hoping to settle it outside of court but got no response so now we're taking them to court.  I will update when I know more but it might be a long process but that's ok.  My goal is that no one gets taken advantage of as my family did

AS OF NOW DO NOT INVEST WITH MORRIS INVEST!!!

MY CURRENT SITUATION WITH MORRIS INVEST....

I closed escrow with Morris Invest on 2/7/18 on a 3/2 900sqft home that was said to make $825/month in rent after the $25k in rehabs that they were to do. I was told that it would take 90 days to rehab the property.

2 months in I asked for an update on the progress, as that's what the welcome email stated I'd get, and i was told that because Morris invest is selling 40 properties a week they can't send someone out to the property to update me.

15 days later I recieve a Notice to Demolish in the mail. Figuring that i recieved this notice because this was a fixer I didn't think much of this notice but decided to call the inspector anyway. He was on vacation but when he returned he called me and asked if I bought this house before or after the fire. WTF?! After further explanation I told him that I didnt know of any fire that occurred. The inspector sent me pictures and sure enough MY HOUSE WAS BURNT DOWN AND LOOKED LIKE IT WAS ABOUT TO COLLAPSE. I immediately contacted Morris Invest and they told me to go through my insurance and file a claim. I asked what would happen if I had to demolish the building and they replied that I'd have to decide whether to rebuild, or sell the vacant land. It was a very nonapologetic answer with zero compassion, not even a "sorry this happened"! I started a claim with my insurance, they needed a fire report from the fire department so that they knew when this fire happened and more details.  ABOUT 5 DAYS LATER I GET THE FIRE REPORT BACK ONLY TO DISCOVER THAT THE HOUSE CAUGHT ON FIRE WHILE I WAS IN ESCROW (before i bought it)!!! 

This is where I stand now, I want to see if Morris Invest will make it right and will update this story once they get back to me....its been 5 days now and they are "trying to make sense of it all". 

Added info: I spoke to a lawyer in Indianapolis today and she stated that she's had a lot of cases involving Ocean Pointe PM and Morris Invest and that Clayton is starting his own PM company called Blue Sky, DO NOT USE THEM! JUST READ THE COMPLAINTS AGAINST OCEAN POINTE AND KNOW THAT ITS THE SAME PEOPLE JUST WITH A NEW NAME AND NOT ENOUGH STAFF TO HANDLE THE CRAZY AMOUNT OF HOMES THAT TRANSFERRED OVER LAST MONTH. 

I will update this when I know more...