A lot of people lost a lot of money. on or about May 6, 2021. GET THE NEWEST PROPERTIES SENT TO YOU DAILY https://visitor.r20.constantcontact.com/manage/optin?v=0014No5iJxuS6_2LK2eOy-Z3Z8vPo6Ue70Rgz1-JsiLcXs0fN-XvNrjAO-yqQL-PtgHzJuJxrySoTtSnSJbj_4me2y5LCAFQZqrI2jvtdZMLw6fXtLSIcFGLMD6ndU_hwunjZ_uoFnqILa2IoEXHuxSazyHx_wm65On MENTIONED ON THE SHOW Is Fox News Anchor Clayton Morris a Fraud? Morris Invest helps you reach financial freedom through real estate investing | Morris Invest is a comprehensive properties investment firm, specializing . They have put their own home up for sale, in part out of concern for their safety. If you dont see your question here then please feel free to drop us a line. Clayton Morris - From TV Host to Real Estate Scammer. Not only has the construction never started, but on the many, many occasions in which I inquired of any progress made, I was never communicated any updates and only after repeated inquiries with various members of his Team did I get any answers. Mormon Church, investment manager fined $5 million by SEC - CNN Most investors claim the problems started with not receiving contracts, pictures of properties, rehab reports, etc. June 15, 2022, 12:00 PM UTC. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints. Morris invest received $6,500 referral fees on close to 1,000 properties, which is more than $5,000,000, Almost every investor reports the houses were marketed as Morris Invest properties, Almost every investor says Clayton Morris was in contact with them before, during and after the sale, Clayton claims he learned of the problems in later 2017 or 2018 depending on the story. ATLANTA The former president of Morris Brown College pleaded guilty Monday to embezzling federal funds that were intended to cover student tuition. The lawsuits make clear Morris represented himself to at least some investors as holding effective control of the Whelan firms he now blames for the cock-ups in Indianapolis. Morris was controversial before the scandal broke. Morris Invest, founded by Clayton Morris, helps people realize their real estate investing dreams. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); High-quality properties in researched markets, Find quality long-term tenants for less turnover, Choose the best rates from more than 100 lenders, Let a proven property manager take those 2 am calls. Clayton Morris Loses $7 Million Lawsuit - The Moring Invest - YouTube He is not wrong in that he is owed work done. They contend that the properties were in worse shape than advertised, and that rehab work paid for upfront was done poorly or not at all. As soon as we know where youre at (from newbie to seasoned pro) and what youre working with, we can guide you on the best course of action so you reach your goals faster and with less hassle. These are very incestuous networks, Mr. Garboden said in an interview. Hes famous and I thought, Hes not going to ruin his entire reputation. Obviously, in hindsight, I feel like such an idiot.. However, he did not stop when all the complaints came about, the lawsuits popped up, or the negative press came about. Someone mentioned how great Clayton was on my Instagram page, and I cautioned them to be very careful because of all the lawsuits and fraud allegations. We are able to purchase and develop our new construction properties in bulk. Many investors hired other property mangers or locals to go take pictures of properties, and these are a few examples of what they found. As a subscriber, you have 10 gift articles to give each month. Morris Invest has been so dominated by Morris and Morris Invest's separate identity so ignored that Morris Invest primarily transacts Morris' business instead of its own and can be called Morris' alter ego. Reporters first noticed LLCInvest.ru after a 2017 investigation in the weekly Russian newspaper Sobesednik pointed out that it was used by a network of . Clayton sold them on buying a turnkey rental property that cost from $40,000 to $50,000 (sometimes higher for a duplex). Vacant lots sold on the expectation of new homes being built are strewn with trash. Clayton made a lot of money from referring investors to turnkey rentals. Is he able to buy, rehab, build, and rent out hundreds of properties a year? That may or may not be the case. From resources to get started to the latest market data, find what you need to keep growing. Clayton posts on his own site how he found out about the problems in 2017 (contradicting himself), turned in the company to the authorities, and his own family was taken advantage of, even his own mother who had to take a loan out to pay $10,000 in back taxes. I have talked to Clayton on Instagram and was not impressed with how he explains what happened. The Morris Meltdown - Newsweek These properties were bought much cheaper than they were sold, and rehab money was paid on top of that. All clients had to do was put up the cash and wait for the checks to arrive. If this article helps just a few people avoid financial disaster, I will have done what I set out to do. No. About a month before Cal Fire Director Ken Pimlott punished Morris' staff, he promoted Morris to Nevada-Yuba-Placer unit chief . On. It would appear that he no standards for what kind of rental properties he would own or refer out. Morris Invest helps educate potential real estate investors how to get started in rental real estate. Even if Clayton is completely innocent, he had to see an issue with trying to buy, rehab, and rent out hundreds of properties a year. During our call, well see if build-to-rent real estate can further your financial goals. Since the number of people he has referred is somewhere between 700 and 1,000, that means that hundreds of investors bought properties, paid for the rehabs, and no work was done. Morris Invest helped sell at least 1,000 properties over the past two years, reaping more than $5 million in referral fees and profits from the sales, according to resale prices and interviews with investors and a lawyer for a former business partner. The couple declined to provide a copy of the agreement. Well co-create a customized investing plan & match you with high-quality properties in the best rental markets. They know the contractors. Notorious con-man Porter Stansberry is perhaps the ur-example of the phenomenon. The abrupt ocean hop comes more than two years after Clayton Morris left a gig co-hosting the weekend edition of Fox & Friends to pursue a new career peddling real estate investments and amateur financial literacy advice. I signed a contract with Clayton Morris (Principal) of Morris Invest for a newly constructed 900 square foot 3 Bedroom, 2 Bath home on a small lot in the ********** **** ** ************* ******* on October 3, 2017. We operate in a few states like Texas and Tennessee, but our field team is always analyzing markets. 'Beef' Star Young Mazino Signs With M88 - Variety We operate in 14 states and over 40 cities. No one is compelled to buy but when things are misrepresented that is a huge problem. So, I asked those questions in private messages as well, and he still refused to answer any questions. Finally, Clayton moves to Portugal where they have very good laws for people who are seeking refuge from United States lawsuits. BOOK A FREE CALL. $7.2 Million Lawsuit: Clayton Morris Caught Lying About Real - YouTube Lease Purchase, Lease Options, Tax Liens, Notes, Paper, and Cash Flow Discussions, Private Lending & Conventional Mortgage Advice, Real Estate Guru, Book & Course Reviews & Discussions. Are you worried about making COSTLY mistakes with a vacant rental property? The couple said they had lost hundreds of thousands of dollars on homes that they and their relatives bought from a property-management company that was one of their business partners in Indianapolis. One house gutted by fire was sold a few days later to an unwitting investor, according to a lawsuit. Clayton Morris, through Morris Invest, advertises himself and Morris Invest as real estate investors and offers course s on real estate investment We are talking about rehabbing 20 times that amount. Mr. McLeskey, who lives in Michigan, said that he and his wife, Kay, had lost $40,000 after selling a home in Indianapolis. Im a novice investor. *In Canada, trademark(s) of the International Association of Better Business Bureaus, used under License. What works best for one client might not work best for another. Clayton can be very convincing when playing the victim. If one or more of our properties meet your needs, well walk you through the entire process from pre-purchase and beyond. Mr. Gomes at his home in California. He said he had paid in advance for renovations to the Indianapolis property that were never completed. I was given many links to Bigger Pockets forum posts, and after spending a few minutes researching the issue, I decided to take down the podcast. Clayton Morris has been sued by nearly two dozen customers who say they were sold ramshackle homes as investment properties. Morris has previously asserted that he is a victim of Whelan just like the people now suing both men. This site uses Akismet to reduce spam. That was if he is telling the truth, but I think we can all see from the evidence the chances of that are pretty slim. We build new homes in the best rental markets and help you finance, fill, and manage them. But Mr. Morriss customers said many of the homes in Indianapolis had cost them dearly. your username. The Morrises are now selling an online financial advice and planning program: Financial Freedom Academy. Since 1974 investors have been able to self-direct their IRAs. 2023, International Association of Better Business Bureaus, Inc., separately incorporated Better Business Bureau organizations in the US, Canada and Mexico and BBB Institute for Marketplace Trust, Inc. All rights reserved. Morris didnt just describe the barebones version of the investment schemes hed been touting in web videos and a book. *********** ******** ********** sold this property and is responsible still for this rehab. We hope he finds comfort in that humor and remain committed to finding solutions for us all.. They contact Morris Invest and Clayton assures them everything is fine and he will fix it all. He still promotes buying out-of-state turnkey rental properties. One renter in a pending landlord-tenant case blamed poor living conditions for the premature birth of girl who died an hour after delivery. International Association of Better Business Bureaus. Rely on our expert team to take care of the rest while you take in steady monthly rent from your property. The 55-year-old Black has a middle-class upbringing. How Much Money do Real Estate Agents Make? I will show these interactions and talk about why they convinced me that I would never, ever, buy from Morris Invest and I would never personally trust Clayton. Clayton, on his own website, said he had heard there were problems, and when he went to inspect homes, blackout shades were put up so he could not see the issues. Investing. Morris Invest guides clients to select the right property in the right market in order to start building passive income; they have helped to change countless lives . He comes across as this nice, likable family guy, said Brian Freeman, a California lawyer who plunked down about $40,000 for a ramshackle home that was in such bad shape he was issued fines. The Morrises said they had eventually formalized the relationship, sending buyers to Oceanpointe and earning a fee on each sale. It was not hard to see there was a problem. What works best for one client might not work best for another. I find it really interesting that with all the money he made referring properties, his own mother had to take out a loan to pay a $10,000 property tax bill from one of these properties that went wrong! Morris Invest | Better Business Bureau Profile Atlas retained some of his documentation and a link to his scanner. We would never have worked with this company if we knew ourselves, our families, or any other investors would find themselves in this position, a March statement on the firms website read. After many attempts to reach his office through various members of his Team which consist of at least three family members including his wife, I have been unsuccessful in reaching a resolution on the fact that the contract is in Breach. Here is what we do know: The reason I do not buy Claytons story is that he was commenting about, and in my opinion, well aware of the problems with the properties and lack of repairs in 2016, if not sooner. Even if Clayton had nothing to do with the fraud despite all the evidence, here is what happened: If you believe Clayton and he knew nothing about all of this, would you still invest money with him given the track record? So, time will tell, but there are scores of people on social . We offer every type of financing to allow our team to customize the right portfolio to meet your needs. Robinhood has settled a wrongful death lawsuit filed by the family of a 20-year-old trader who died by suicide after seeing a negative account balance of $730,000. Everything was simple. Photographer: David Paul Morris/Bloomberg. I know what my answer would be: keep me as far away as humanly possible. He has problems keeping his own story straight. Morris invest aka morning invest advertised that I would earn rewards if I referred people to sign up to morning invest newsletter and I have completed such referral number and I have not received my rewards If anyone has any advice or tips that would be great, I'm new to real estate investing and live in an expensive area, and wanted to invest out of state. I ask Clayton very nicely to answer some questions or to do an interview with, me and he never responded. Clayton also claims on his website that he walked the properties with contractors: Clayton and his staff worked with this company daily with phone calls, property updates, and weekly status meetings. Here are some things that could have been done to protect the investors: Yes, the victims could have avoided this mess if they would have done their due diligence. Real estate mogul Jay Morrison exposed by Tony Robinson as scam - PRLog Nothing happens and the investor realizes there are some big problems. I thought he would be a good fit, and we talked about many things. He disputed the suggestion that the indemnification agreement held Oceanpointe solely responsible for problems with the selling of the homes. Id. They offer a number of educational products such as blogs, YouTube videos, and podcasts.. This provides the opportunity to move forward with building a large-scale rental real estate portfolio. Thats why we typically schedule a phone call we can answer your questions right away and it helps us get a sense of your personal situation.