All Forum Posts by: Jess Kinzel

@James Wise I certainly feel bad for the people who lost money with Morris/Oceanpointe.....but most of these people simply were lying to themselves about the risks here. Out of state, higher risk, crap houses in the ghetto, higher risk, cheap properties, higher risk. I always tell people if they want to invest in these crap hole properties, they need to watch your tenants from hell videos to get a real view of what investing in that class is like.

Im not trying to defend Clayton Morris and these other peddlers of this crap, but people need to have some sort of responsibility for their decisions. They invest in the absolutely highest risk properties in the highest risk locations in the highest risk possible, then are shocked when it all goes to hell.

It's well beyond minimizing the risk level. Pure fraud allegations are all over. We are talking about him selling them plots of land for $60,000 with the promise that he would build new homes post close. Fast forward to post close and they just took the money & ran.

Yeah the ponzi scheme part of it is just crazy. Its so crazy....because even if you want to invest out of state, we all say, make sure you do with the reputable guys, like You or Chris Clothier. Youd think this dude who was on national TV for a decade would be reputable, but hes the worst scum in the space.

one thing I noticed when you google Clayton Morris all of these articles are right on the front page.. whereas in the past he has had his IT people bury negative press.. There is no hiding this now... and since most of these folks if not all are going to sue for fraud Fraud is not dischargable in BK.. so even when he BKs he is still going to have people hounding him..

But with this much going on I suspect U will see some govmit action .. easiest of course is wire fraud.

and a lot of folks don't realize wire fraud is not only about money.. its about dissemination of false information and obviously he has done a tonne of that.. he knew he did not own the properties.. and or his description of how safe the investment was

I mean we all nailed him day one a few years ago when the first threads were started.. just fantasy.. you either Believe Jim Wise videos and the savage nature of those assets or you believe Morris how great D F class is to own and get rich on.

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Originally posted by @Julie Dillon:

@James Wise

I'm here on Bigger Pockets as a Pro member working on my next purchase (a 4-plex) because I saw a YouTube video 6 months ago from Morris Invest. I didn't buy a turnkey property from his company but watched a bunch of his videos and from that I turned from a homemaker to a Real Estate Investor with properties in 3 states with a solid team of professionals helping me grow my business. I owe much of my current success to the education I got from watching his free videos.

I don't know the full story but I'm not here to pass judgment and I don't know enough to even have an informed opinion...I'm just sharing my personal experience.

God Bless!

Amazing and inspirational story that you shared!

I don't have a dog in this fight, about the Morris drama/scams, I've recently been reading about it here in BiggerPockets, I just wanted to say that I appreciate your work ethic and building your company!

Congrats on all you've accomplished!

Blessings to you & yours!

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Originally posted by @Jody Prall:

oh i thought i was.... ok i will look there. Thanks!

Hi! Did you ever find the info you were searching for on your County Website?

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Originally posted by @Adam Castelsky:

I’m assuming the legality of this varies from state to state, or province to province (for our Canadian friends) but does anyone have any experience with paying down someone’s loan while in financial distress in exchange for putting a lien on the property?

Do you happen to follow Clever Investor?

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Originally posted by @Jerryll Noorden:

Originally posted by @Jess Kinzel:

Originally posted by @Nicole Heasley Beitenman:

@Jerryll Noorden I have some connections who can help me build one. I will reach out to them. Thank you for the advice!

I greatly appreciate you pulling up this thread!

Ive learned a lot about IC and intend on using them!

Good choice!

Thanks to all of your helpful info, I believe it will be!

Thank you!

1 Vote

Originally posted by @Russ Loven:

@Kyle Shankin thank you. This is all exciting stuff for me! I understand it’s a process and that’s what I want to learn, the WHOLE process and get that momentum going!

Congrats and I wish you the BEST of luck!!

Also, thank you so much for your service!!

1 Vote

Originally posted by @Nicole Heasley Beitenman:

@Jerryll Noorden I have some connections who can help me build one. I will reach out to them. Thank you for the advice!

I greatly appreciate you pulling up this thread!

Ive learned a lot about IC and intend on using them!

1 Vote

Originally posted by @Kathy Johnson:

Just one question. Was the 'tenant' working for the landlord? If so that might change the answer about whether it is illegal since housing that is supplied to an employee ends when the job does.

Nope. No work relation at all. Just a renter and a landlord.

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Yes they haven't been served by anyone. Only received a handwritten letter, by mail, from the landlord.

I didn't think it was legal to lock them out.

Montana is freezing, there are children involved. They have absolutely nowhere to go. And all of their things are inside the house.

The kids don't even have their clothes for school!

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All Forum Posts by: Jess Kinzel

Jess Kinzel has started 16 posts and replied 97 times.

Post: Foreclosure or preforclosure notifications

Post: Clayton Morris / Morris Invest House of Cards starting to fall.

Post: Clayton Morris seeks over $7 Million from James Wise for Film

Post: How to Find Probate leads

Post: Property lien in exchange for mortgage payments?

Post: Investor Carrot

Post: Getting started in real estate investing

Post: Investor Carrot

Post: Landlord Locked Out Tenants!

Post: Landlord Locked Out Tenants!