All Forum Posts by: Jeremy Z.
Jeremy Z. has started 0 posts and replied 229 times.
Post: Clayton Morris / Morris Invest House of Cards starting to fall.
- Tacoma, WA
- Posts 230
- Votes 257
Originally posted by @Charles Worth:
That youtube video is crazy. It went from this is your way to financial freedom to well at least we didn't lose 100% of your money. You still have your terrible shell. Wow.
Their lawyers must be losing their mind. They just can't stop talking. Like they just can't stop even if they wanted to.
And their fans just continue to eat it up!
They just compared the failure to deliver on promised rehabs to the 2008 financial crisis! To paraphrase, "these things just happen, don't get mad at us!" Crazy indeed.
Post: Clayton Morris / Morris Invest House of Cards starting to fall.
- Tacoma, WA
- Posts 230
- Votes 257
One of my favorite claims from their live stream the other day is that they get a "relatively small" referral fee. If the $6,500 figure that has been suggested is correct, on a $40,000 property that referral fee is 16%! OUCH.
Post: Clayton Morris / Morris Invest House of Cards starting to fall.
- Tacoma, WA
- Posts 230
- Votes 257
Originally posted by @Victor S.:
Originally posted by @Steve K.:
Originally posted by @Jay Hinrichs:
well I cant sign up because I don't have a google account.. so cant vote anyone know how you can sign into u tube without a google account ??
Jay you just have to click on the "Sign In" box on the top right of the youtube home page and then click "create account" and start an account with your email.
Can't wait until Jay becomes insta and youtube famous :)
BTW, the name of Morris' new vid is gold:
Real Estate Investing For Beginners: How to Not FREAK Out
https://www.youtube.com/watch?v=FSVpCZS2MBQ
he's getting his investors ready to not freak out when SHTF...
It just boggles the mind. Amazing how they would so openly and blatantly try to groom their future customers in the midst of this debacle. Thank you for sharing that link.
On another funny note, they keep telling stories of all the problems their own family members are having with these investments. That ought to be a big clue to the MI fans about the success rate of the product they are being pitched. Do the math people!
Post: Clayton Morris / Morris Invest House of Cards starting to fall.
- Tacoma, WA
- Posts 230
- Votes 257
Originally posted by @Michaela G.:
@Account Closed , I think for your own safety, you might want to be a witness and get this all out on paper , signed and with the attorneys. As long as you're quiet, someone may want to keep you that way. Once you've testified and signed under oath, they can't make it go away.
You don't know who's reading this thread and I'm sure the people closest can figure out who you are .
Not trying to scare you, but if there's someone involved that's used to carrying a gun around, you're safer if it's all out there.
Michaela makes a good point Alice. One of the property managers who shares information on some of these threads posted audio of a death threat they received by voicemail. Crazy stuff. Please be mindful of your safety. I wouldn't blame you if you had your account/name removed from this site, but perhaps you can assist in these cases in relative anonymity. Thank you for sharing your experience with this community!
Post: Clayton Morris / Morris Invest House of Cards starting to fall.
- Tacoma, WA
- Posts 230
- Votes 257
Originally posted by @Todd Burton:
Morris Invest put out a new Blog today doubling down on their YouTube live blame fest:
https://morrisinvest.com/blog/2019/3/29/a-statemen...
I really like the part where they talk about all the money they and their family lost and that they were duped for years. Not that I believe this is true but if it were, why did they not ever check their own properties when they were in town? (as they are now recommending the investors should have done on the latest videos, Blogs, etc) They are supposed to be the experts and they are now effectively saying that they did not due any diligence...and yet still recommended and had a business relationship with Oceanpointe!?!
Just keep on digging that hole!
You nailed it! They are either big time fraudsters (most likely) or they are terrible investors. And they weren't just "inspiring" people like they claim, they were selling a product that they didn't deliver. Hopefully some of their fanatics will wake up to this fact.
Just because a minister gives a good sermon on Sundays, doesn't mean the minister can't be a criminal. This whole "but Clayton gives great free information" defense that some of their fans keep making needs to stop.
Post: Clayton Morris / Morris Invest House of Cards starting to fall.
- Tacoma, WA
- Posts 230
- Votes 257
Seems like you could be a star witness! Have you been in contact with the attorneys for any of the plaintiffs? It sounds like you have a lot of useful information that could help them connect the dots.
Post: Clayton Morris / Morris Invest House of Cards starting to fall.
- Tacoma, WA
- Posts 230
- Votes 257
Originally posted by @Jody D.:
Actually, I have been reading here on BP for many years and this will likely be my last post. I do not wish to bash a fellow investor (Morris Invest) as it makes everyone look bad. Good luck!
Ah, the old "if you don't have anything nice to say don't say anything at all" approach. The problem is, that doesn't really apply to fraud and negligence. If you want to make this industry look good (or any industry/community for that matter), it is our duty to call out criminal and negligent behavior when we see it. Turning a blind eye allows it to fester and spread.
Post: Clayton Morris / Morris Invest House of Cards starting to fall.
- Tacoma, WA
- Posts 230
- Votes 257
Originally posted by @Jim K.:
I have real trouble believing anyone who is willing to utter the phase "soul challenge" with a straight face. Someday soon good old Clay's gonna learn to love soap challenges in prison showers.
Not just utter the phrase, but utter it 50 times. If that was a drinking game, we'd all be toast!
Post: Advice on a horrible situation
- Tacoma, WA
- Posts 230
- Votes 257
Get a CMA from at least one other local agent. Some agents will provide this info free of charge in hopes that you will utilize their services if you elect to sell the property. Don't shell out money for a full blown appraisal unless you need to (like for a refinance).
Post: Clayton Morris / Morris Invest House of Cards starting to fall.
- Tacoma, WA
- Posts 230
- Votes 257
Originally posted by @Steve K.:
Originally posted by @James Wise:
Originally posted by @JD Martin:
Originally posted by @Jay Hinrichs:
Originally posted by @JD Martin:
@Todd Burton thanks for archiving the video. I tried to get on and watch it but couldn't make it. Wanted to hear the story "from the horse's mouth", so to speak.
My take:
1. Early on - maybe the 17-18 minute mark - Clayton gets thrown under the bus. Natali: "Clayton wanted to expand into Indianapolis".
2. No hint of personal responsibility on their end whatsoever. Even if it was just "we really got it wrong with the boots on the ground". The entire episode was "boy were we duped".
3. I wouldn't buy anything from these people just on the basis of #2 above. If you're that experienced in all these markets, and know your stuff, how could you get duped that thoroughly?
4. Which leads me to I don't buy their explanation at all. I believe they were raking money off the name and maybe didn't know/didn't want to know what was going on on the ground, but that they were totally snowed? No way.
5. That they used all of their own savings to pay for rehabs on houses they never owned, that was supposedly a private contract between the investor and Oceanpointe? NO way. That not only sounds stupid it also (legally) admits responsibility. Reasonable people don't pay for things they're not responsible for, and I think that will sink them in court. They better hope for a settlement.
6. I think (watching the show) Natali feels really bad about the way this has gone down and truly has a conscience. But she has to join forces and retrench for the sake of her kids, which is going to trump the money the investors lost. Clayton has no remorse whatsoever - he looks annoyed to be bothered by all of this.
I only watched maybe 10 minutes of it.. what I saw was sheer terror from Natali and sheer Arrogance from Clayton.. plus and of course those of us with a lot of experience this is easy to say.. but they are the farthest thing from experienced successful landlords.. They are just good at what they did marketing. wifes usually get a pass in these things.. so I could see the Big D and her taking her kids..
On the other hand her saying "we do this for free" just made me want to smack my head.
lol, yea man they just want to "help" You could tell Clayton was not happy when she said that.
I thought the most bizarre and disturbing part of the live chat was when Natali went off about investors not being responsible for their own properties, blindly following gurus, and expecting Morris Invest to take care of everything for them. Lady, that was your husband's entire pitch, don't you remember? Just rewind the videos, Clayton filmed himself many times saying Morris Invest takes care of everything, just sit back and collect the rent checks. You guys created the guru image on purpose to sell financial freedom via "turnkey" homes. But now it's the investors fault for expecting you guys to do what you said you would do? Or Oceanpointe's fault even though investors didn't even know who they were until after the sale? Now you're telling us what you sold as a passive investment isn't passive at all , even though you said over and over on your own videos that it was? Complete denial. They better come up with better excuses real quick because I don't think a judge and jury are going to treat them very kindly if they take zero responsibility.
It seems to me they spend way too much time being encouraged by the all the doting comments from their clueless adoring fans while deleting anything they don't like or writing it off as trolling. They are in their own little universe, just a complete alternate reality. And now their plan is to take this failed business model to Detroit, perhaps the highest risk real estate market in the country? Bonkers.
I couldn't believe my ears when I got to that part, Steve. Here are the three easy steps still prominently listed on their website:
- Schedule a consultation
- Get your property match
- We do the rest
"We do the rest for you! Oh, unless we just decide to drop communication and do nothing. Then it's all on you."
Earlier in the live stream she also said, "our intention is always to inspire you to carve your own path." Um, no it isn't. You made big bucks selling people on a path and then didn't deliver the product you promised!