All Forum Posts by: Account Closed

@Vamsi Boddu, I am sorry you bought properties from them. Please make sure you have an outside inspector look at the houses as Morris Invest has been known to do horrible renovations (please search other threads here or on Youtube). I bought two properties from them last August and neither renovation has started or was completed. I was also shorted rent money.

Please run from Morris Invest and Oceanpoint as fast as you can. I bought two properties from them and it has not ended well, and I am hearing my story is actually pretty common.

Please run from Morris Invest and Oceanpoint as fast as you can. I bought two properties from them and it has not ended well, and I am hearing my story is actually pretty common.

Wow, I inadvertently missed this thread and created a new discussion.... Sorry about your issues, Son

www.biggerpockets.com/forums/522/topics/565330-morris-invest-and-oceanpointe-rehab-issues-may-2018

I forgot to mention I also met with a PM in Indy (one that I signed with) and he said he had just told a MI investor that his properties were not worth further investment and to walk away/sell as is. The investor is going to lose approximately ~$100k according to the PM.

Speaking of OP, they apparently shorted me several months of rent and even some off the two months of rent they did pay me. They never responded to my calls and emails to correct it.  I am apparently out thousands just in skimmed rent money.

Thanks, Jay. And good points.  

Several people I have communicated with thought things were going great with Morris Invest, et al, until they had their properties inspected this past week.  I think the complaints will start coming out of the woodwork now....

I visited the code enforcement office in Indianapolis yesterday and a lawyer there said they are being inundated with calls from Morris Invest investors trying to deal with code violations that were never resolved by Morris Invest's PM there. The lawyer said it is shameful.

I agree Jay.  I have referred this apparent criminal activity to the state's attorney general for possible criminal investigation - - talk about a massive apparent fraud - - and they have already written me back that they have opened a case. I will also be reaching out to the FBI as this apparent fraud appears massive and extends across state borders. As a former federal special agent, I can say this appears to be a slam-dunk case for either investigative body. I will also try to reach out to the appropriate real estate boards or commissions to file complaints against the brokers.

Thanks, Caleb.  I have heard stories of others in the same boat as well as others that invested everything they had.  Some of these people cannot afford to fix their properties that were left un-rehabbed (or incorrectly rehabbed) by Morris Invest, et al. What a fraud.  I hope the law catches up with them.  

I want to warn people from investing with Morris Invest, et al. I started with two properties to check them out and both properties were not renovated (at all or fully). Please see the review of my "renovated" duplex at https://www.youtube.com/watch?v=z0jXyRHrbYo. They are now ignoring me and will not work with me to fix it.  Please see Son Doan's channel at https://www.youtube.com/channel/UCdvDrBVhdgroJ866HgeMslw for reviews of their rehabs as well.