From financial education to customer service, Morris Invest and SDIRA Wealth work together to bring you a full service experience. Analyze Deals Like a Professional Investor. In a separate, public note about the familys hop across the Atlantic, Morris described how hard the whole thing has been on the two of them. Would that not set warning signs off in his head that every property that was reported to him as having a problem had new tenants with the same shades up? Clayton was on my podcast a few years ago, and he has recently commented on my Instagram page about the allegations. Used to be a "progressive," touting Bernie Sanders and American left-wing policies. Ann Cary Randolph Morris (1774-1837) (nicknamed Nancy) was the daughter of Thomas Mann Randolph Sr. and the wife of Gouverneur Morris. Before Morning Invest; Clayton Morris Real Estate Scandal | This Is #HoltonWiseTV (Highlights) 3,190 views Feb 21, 2021 Before Clayton Morris began his daily news show Morning Invest he was. Finally, what if Clayton is telling the truth and all of this is just Ocean Pointes fault? Sam Bankman-Fried is a con man and fraudster of historic proportions. Classic turnkey investing mostly involved keeping your money closer to home, as the ability to drive across town to check on a property you owned that was occupied by tenants whod never heard of you provided turnkey investors a measure of security that they werent being had. They do full criminal background checks on potential tenants. 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. Based in Dublin but with a international perspective on events, I aim to give a clear view of what's current. We find, fix, fill and manage great properties while you see amazing returns on your investment. Clayton is still marketing properties as his properties, not as a referral partner, Clayton is still telling everyone who will listen that he knew nothing, was taken advantage of, and it was all Ocean Pointes fault. Has anyone done recent business (2020 or 2021) with Morris Invest or SDIRA Wealth? The academy's chief administrator, however, emerged unscathed. One Columbus, GA-based plaintiff accuses the Fox alum of running what appears to be a Ponzi schemepushedthrough podcasts, YouTube videos, a website, and individual phone calls and emails. The same suit reproduces an email Morris sent to the investor assuring him that Morris Invest LLC owned and controlled the Whelan-founded corporations that Morris is now attempting to blame for the whole debacle. 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. at 3. International Association of Better Business Bureaus. About a month before Cal Fire Director Ken Pimlott punished Morris' staff, he promoted Morris to Nevada-Yuba-Placer unit chief . Furnaces often did not work properly, leaving homes freezing cold in winter. He admits he was ripped off and his family was ripped for years before he noticed anything was wrong. FAQs How does your process work? If he ignored those problems, he is the worst investor in the history of the world. Here is one excerpt from an article in the NY Times on March 25th, 2019: Nearly two dozen customers are now suing Mr. Morris and his company. Morris Invest helps educate potential real estate investors how to get started in rental real estate. | The Morris Invest Allegations - Landlords From Hell 2https://youtu.be/iGUw3K384AY$7.2 Million Lawsuit | Clayton Morris Caught Lying About Real Estate Deals - Landlords From Hell 3https://youtu.be/cOp3cTJdjKYVictim Has Evidence Clayton Morris Stole $20k+ From Him - Victims Fight Back | Landlords From Hell 4https://youtu.be/rWK7LKESdmMEXPOSED - Meet Kevin on Clayton Morris Fraud - This Is #HoltonWiseTV (Highlights)https://youtu.be/esqjWEMimpUClayton Morris Loses $7 Million Lawsuit - The Moring Invest Host's Dark Past | Landlords From Hell 8https://youtu.be/HMDgF9FDN7MLost $73,000 with Clayton Morris from Morning Invest - This Is #HoltonWiseTV (Highlights)https://youtu.be/olDTTRy3bOoClayton Morris Fled to Portugal Before Morning Invest? The Morrises said that Oceanpointe, which many Morris Invest clients said they had never heard of until after buying the homes, is the real villain and liable for any damages. In one instance, Mr. Morris's firm. My question is: did they not learn from what happened before, I mean assuming they had no idea what was going on with the properties as they claim? Since 1974 investors have been able to self-direct their IRAs. In our many years of business weve heard many of the same questions over and over again. Turnkey rentals can be a decent investment, but they can also turn into a nightmare! He has also been accused of scamming hundreds of investors by selling properties that were not rehabbed or even built in some cases. We decided to compile a list of our most frequently asked questions in no particular order. The Morrises said they were not aware of the extent of the problems. Always check online reviews for any company or investor you are going to work with. He got help along the way from various prominent conservative media figures on and off Fox News airwaves, from Dick Morris to Newt Gingrich to Mike Huckabee to Glenn Beck, as Media Matters has detailed. Morriss wife told the Star by email that her husband was innocent of any wrongdoing and pledged the pair would continue to take responsibility for all of our legal challenges that came from our relationship with [Whelans firm].. Mr Morris has finally informed me that he does not have the money that I wired as specifically directed by his representative. Claytons main point is that Morris Invest never owner these properties or sold them, and therefore, they have no responsibility for when things went bad. After investors look into the deal more or have a 3rd party inspect the property, they find the house was never repaired, has been vacant for years, was never built, burned down, or has squatters living in it. But it would be another few months before an Indianapolis Star investigation blew the lid off the thing, and the New York Times published its own lengthy look at what Morris and no-longer-licensed realtor Bert Whalen had been up to. No. Thus the shades.. Interview the property management company before you sign up to use them. The Morrises pulled in hundreds of customers from across the United States and as far away as Israel and South Korea. He said they trusted Bert Whalen, who was the owner of Ocean Pointe Property Management. He has also published 7 books in paperback, Kindle, and audiobook form that you can find on Amazon. The misunderstandings of those buyers related to misstatements by Morris and his sales personnel.. )They will also send you a copy of the tenant lease agreement. Morris Invest's phone number is (862) 216-5597 What is Morris Invest's official website? Wouldnt he dig a little deeper if hundreds of people were complaining and not just assume everything was okay? Clayton sold them on buying a turnkey rental property that cost from $40,000 to $50,000 (sometimes higher for a duplex). https://www.nytimes.com/2019/03/25/business/fox-news-clayton-morris-indianapolis.html. The Morris affair by comparison, doesn't seem like . 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. 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. Listen to . He encouraged viewers to think of their 401(k) account as a kitty for seeding their bright future in passive-income investing. As a subscriber, you have 10 gift articles to give each month. I picked up 2 in illinois and Ive just been collecting rent. The site describes a conversation that Mr. Morris said transformed his life: He was seated next to real estate investor on a trip to New Zealand several years ago, and learned the man and his wife were on a two-month vacation after making money acquiring homes, fixing them up and renting them out. There have been reports of as many as 300 investors losing money with Morris Invest. We operate in 14 states and over 40 cities. 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. Most financial advisors offer investment in stocks, bonds and mutual funds which in turn allows them to make money. The unfolding affair demonstrates the allure that real estate speculation still holds for individual investors roughly a decade after one of the worst housing crises in United States history. Morris Invest is working with the Attorney General and through other legal channels to compel ***********to do the work that ** *********** is in fact owed.. The Morris Meltdown. 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. 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. How Hard is it to Become a Real Estate Agent? There are hundreds of people who are as happy as a clam, he said. As scandals go, this one pales next to the Star's bimbo eruption four years ago, Gennifer Flowers, who alleged a 12-year affair with Clinton. Join hundreds of investors earning thousands in passive income each month. Mr. Morris, a host on Fox and Friends Weekend, already had a popular real estate investing podcast when he and his wife, Natali, decided to become full-time real estate advisers. I have also done a lot of research into the allegations since I had a lot of feedback from my listeners and audience after these interactions with Clayton. Grifting off a conservative audience with little financial sophistication or experience of investing is something of a time-honored tradition in the conservative media world. I didnt have to do anything but sign papers. 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 . Is he able to buy, rehab, build, and rent out hundreds of properties a year? Morris Invest LLC was leaping into a relatively modern incarnation of a classic real estate investment vehicle known in the business as turnkey properties. Someone else fronts the cost of purchasing and refurbishing homes that are being sold short or at tax auctions, and then reaps a steady flow of rental income from tenants the middleman construction and landlord firm pledges to identify, vet, and faithfully serve. Find and compare investor-friendly lenders. One of the benefits of working with our team is our ability to pass on a lower rate to our clients based on our high volume with the property management companies. However, that does not make fraud okay. . The LDS church was concerned that disclosure of its portfolio, which by 2018 had grown to approximately $32 billion, would lead to negative consequences, the SEC said. More recently, hes touted a stock connected to the financially hopeless, ecologically ruinous Pebble Mine project in Alaska as Trumps Gold. Since the 2018 midterms, Stansberry has also begun using caricatures of Rep. Alexandria Ocasio-Cortez (D-NY) to hock his investments advice. Stansberry hasnt gone away now that the White House has changed hands. He disputed the suggestion that the indemnification agreement held Oceanpointe solely responsible for problems with the selling of the homes. We will provide you with the name and number of a company that handles policies for most of our personal rentals. It was the cheapest at only $45,000, but the rent and price have stayed the same or gone down the last 5 years, while my other rentals have seen incredible gains. With 20 years of experience in real estate and over 1 billion in sales SDIRA Wealth is nationwide operating in 14 states and over 40 cities. Hes famous and I thought, Hes not going to ruin his entire reputation. Obviously, in hindsight, I feel like such an idiot.. The truth is he knew very early on there were problems since he publicly responded to them on a post on Bigger Pockets in 2016, yet he did not stop referring people to Ocean Pointe until the middle of 2018. June 15, 2022, 12:00 PM UTC. 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. Clayton Morris is a real estate investor who used to be the host of "Fox and Friends" on Fox News. An Ex-Fox News Host Pitched Financial Freedom. His Clients Want Their Money Back. If the turnkey company wont allow you to talk to the property management company, that is a bad sign. The Judges overseeing this case are Richard L. Young, Matthew P. Brookman and Tim A. Baker. "White House Plumbers," which debuts at 9 p.m. One house gutted by fire was sold a few days later to an unwitting investor, according to a lawsuit. The pictures above are of homes that Morris Invest had told clients were already rehabbed and rented out. 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. You as the borrower are not liable which therefore lowers the risk. - Landlords From Hell 2 (Trailer) - This Is #HoltonWiseTVhttps://youtu.be/zQ1KAlDKUQEIs Fox News Anchor Clayton Morris a Fraud? The Morrises face a half-dozen lawsuits, including one in federal court, and more will probably follow. Although the next complaint seems to contradict that, and Morris never responded to it. With his wife a former anchor for CBS Interactive he wrote a book, How to Pay Off Your Mortgage in 5 Years.. I am now out Over $75,000 (CASH), I have no house built nor even started. 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. He was not an out of state investor who never saw his properties. Of course we do. 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. We select a property for you from one of our great rental markets as soon . What works best for one client might not work best for another. Join hundreds of investors earning thousands in passive income each month. We are able to purchase and develop our new construction properties in bulk. After two decades as one of President Clinton's closest friends and advisers, Dick Morris has turned on his former boss with a vengeance. That is amazing, right? When buying out of state properties that you cannot see, make sure to have a third party inspect them! The New York Times says that Clayton Morris was making $6,500 per property he referred to Ocean Pointe, and he referred from 700 to 1,000 properties. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. But the couples new venture did more than offer advice: It was a one-stop shopping experience for investors who wanted to buy rental homes by dipping into their retirement savings, if necessary. And even with all of these options he gives us, I dont think any of them are right based on the information available online (including Claytons own site). Maybe, but given his track record, I would have my doubts. He could not see major problems that were right in front of his face when he was living in the US. The Morrises said they met Mr. Whalen in 2014, when they bought a few homes in Indianapolis and used Oceanpointe to fix up and manage them. We have talked a lot about Clayton Morris in the article, but the article is not meant to bash him but to warn others. Weve helped many people buy their first investment property and weve helped many seasoned investors build their portfolio of properties. His father was a grocer in Portland, Maine, while the mayor's was a bookkeeper for a local dairy company in Medford, Massachusetts. I also talked to Clayton on Instagram in the last year. RENTAL REAL ESTATE. It was instant cashflow. They also check credit and verify current employment. Max Chafkin +Follow. August 11, 2018. Over the past 20 years we have formed relationships with over 100 different lenders. The Morrises are now selling an online financial advice and planning program: Financial Freedom Academy. Bert hid all of this from him, and he had no idea anything was wrong until either 2017 or 2018, depending on what day you talk to Clayton. CALL IT ROOM SERVICE. Has anyone done recent business (2020 or 2021) with Morris Invest or SDIRA Wealth? The rent comes in for a few months, but then it stops. He was not just inspecting his own properties for my investors as he says. Do you believe that Clayton Morris only received a referral fee? And he has a friend in Queen Afu, a spiritual leader of tremendous respect. Have some class. One of Mr. Morriss employees, who is also Ms. Morriss sister, told Mr. Gomes that she would be his point of contact for the rehab process, according to an email provided to The New York Times. No one was taking care of the home.. We provide two and three bedroom single family homes to our clients as well as duplexes. Investing. He is not wrong in that he is owed work done. His real estate license was permanently revoked in January 2018. When I asked them about the fraud/lawsuits they said that was Clayton Morris' old partnership with a different company and now they only refer to SDIRA Wealth which only sells new construction homes that are usually pre-leased to buyers (currently they are building in Lubbock, TX). What works best for one client might not work best for another. This case was filed in U.S. District Courts, Indiana Southern District. "It's a bit like history repeating itself . They contact Morris Invest and Clayton assures them everything is fine and he will fix it all. I was getting emails from the people who had been ripped off, not just stories about what happened to others. ON THE EVENING OF AUG. 22, PRESIDENTIAL adviser Dick Morris was in his $440-a-night suite at Washington's small but elegant Jefferson Hotel. Here is another response on the BBB (note Morris Invest has an F rating with the BBB): While we sympathize with this position, Morris Invest had no ownership of the property that was purchased, nor did we have ownership in the entity that sold it. People found Clayton Morris through his Youtube, podcast, or other social media. Inside the Tim Wilson 'wreathgate' scandal. Take the First Step. Was he okay renting out properties that looked like this and referring other investors to buy properties that looked like this? In this episode of The Landlords From Hell Show we go over newly discovered evidence in an update on the allegations that former Fox News Anchor Clayton Morris and his company Morris Invest. Nearly two dozen customers are now suing Mr. Morris and his company. These are the housing markets that offer the most cash flow opportunities in the United States. Mr. McLeskey, who lives in Michigan, said that he and his wife, Kay, had lost $40,000 after selling a home in Indianapolis. Morris has been sued by more than two dozen different investors since the start of 2019. Anytime that you work with a bank it will slow down the process. These scam allegations against Morris Invest as well as many interviews with alleged victims of Clayton Morris where covered at length here on HoltonWiseTV. They usually consisted of one excuse or another concerning the harsh Winter and that my construction would be moved to the top of the build list and once started, would only be a matter of 8 to 10 weeks from the ground up to completion. We didnt know any were living in abject conditions, Ms. Morris, 40, said. Sign Up Mark has flipped over 175 homes including 26 in 2017 and 26 in 2018. One house gutted by fire was sold a few days later to an unwitting investor, according to a lawsuit.. 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 . Clayton Morris, a former "Fox and Friends Weekend" host, at his home in New Jersey. Yes, a lot of people lost a lot of money, but with some due diligence, many of these investors would have never invested with Clayton Morris. The property itself represents the collateral thus securing the loan for you as the investor. During our call, well see if build-to-rent real estate can further your financial goals. Many of the properties in Indianapolis were bought for $10,000 to $20,000 and sold for $50,000 or more. Shortly after he was a Fox News TV personality and just before he became the host of Morning Invest, Clayton Morris was involved in some of the most notorious turnkey real estate investment. They offer a number of educational products such as blogs, YouTube videos, and podcasts. One of the benefits of working with our team is the fact that we produce in high volume which allows us to negate extra fees for you. They helped sell nearly 700 homes in Indianapolis alone. He was stating that it was not his fault, he was a victim, everyone was out to get him, and called me a few names along the way. Join the hundreds of investors weve helped earn thousands of dollars in passive income this month. This also allows us to offer more services and benefits to our clients without charging additional fees to have access to our team and products. Until then, he believed the house was being rehabilitated, work he paid for when he bought it. Many of the financial gurus pushing investors into real estate play off fears of economic insecurity, according to Philip Garboden, a professor of affordable housing at the University of Hawaii at Manoa. 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. After. In addition to launching a podcast aimed at counseling listeners toward healthier and more lucrative money habits, Morris eponymous Delaware-based corporation began soliciting investor clients for an easy-money, get-rich-quick scheme involving decrepit housing units in the Indiana capital. Clayton can be very convincing when playing the victim. Clayton made a lot of money from referring investors to turnkey rentals. I love them., I was always interested in real estate but it was always something I thought was unattainable for someone like myself. On top of that, the rehab costs were added on, which could be $5,000 or $20,000. Turnkey properties are usually houses that are rehabbed, rented out, and ready for someone to buy without much work. We had a referral agreement whereby *********** provide all referrals with rent ready homes and had no idea that they were doing anything but. They place the blame squarely on Oceanpointe and its founder, Bert Whalen. Is Morris Invest a Scam? If you continue to use this site we will assume that you are happy with it. The state attorney general is now reportedly investigating the scheme. He has informed me that he was only the sales representative and received a commission on the sale. Many investors hired other property mangers or locals to go take pictures of properties, and these are a few examples of what they found. Joining him . In at least one case, when a Georgia-based man who had taken the former Fox host up on his offer began asking questions about the other firms involved in the Indianapolis projects, Morris asserted that he owned and controlled that third-party organization as well. We offer every type of financing to allow our team to customize the right portfolio to meet your needs. Watching him endure this has felt like what I would imagine it is like to watch him endure chemotherapy, she wrote. Invested between $15,000 and $50,000 in the asset-backed security on December 27, 2022 Roblox Corporation Class A (RBLX) The Roblox Logo. Completing thousands of transactions has allowed us to build strong relationships with banks that know our product and process. He said he would private message me anything I wanted to know. Clayton responds to those complaints on the BBB, and we can see how he responds: Morris Invest did not sell ** *********** this property. Morris Invest is the best. The stunning announcement that the brilliant but controversial strategist, Dick Morris, had abruptly resigned could not have come at a worse time for the president, who had followed Morris'. Everything was simple. We are spending hundreds of thousands of dollars in legal fees and man-hours to find solutions for this complainant and others despite the fact that we neither sold him the property nor ever had possession of his rehab funds. But you might not learn that from the New York Times, CoinDesk's Chief Insights Columnist David Z. Morris writes. They've shied away from real estate content, but have jumped from political grift to grift. Well guide you through the process. In this episode of The Landlords From Hell Show we go over newly discovered evidence in an update on the allegations that former Fox News Anchor Clayton Morris and his company Morris Invest worked with Bert Whalen and his company Oceanpointe Investments to defraud investors in what has been called a real estate Ponzi scheme. Weve helped many people buy their first investment property and weve helped many seasoned investors build their portfolio of properties. You can see some of his replies, including calling me a mentally disabled person, I asked for clarification, and he would not respond. 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. Lawyers in Indianapolis are fielding calls from disgruntled customers and angry renters, and Indianas attorney general has opened an investigation. The players invested in a now-defunct company that funded a separate business targeting Texans with troubled credit who needed quick cash and would put up their cars as collateral on loans . 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. The investor becomes more worried as the delays continue and communication is poor. These properties looked like hell from the outside. How BBB Processes Complaints and Reviews. Hi BP community! You don't have to go out and search for a house. I have a full time job but I wanted some supplemental income to help pay the bills and grow into something more where I can not work and be financially free Buying my house with Morris Invest was so easy and I cant say enough good things about the company., My property already had a tenant in place. There are also a number of reviews on the BBB (F rating) on Morris Invest accusing the company of fraud. Morris and Morris Invest are engaged in the business of recruiting real estate inves-tors from outside the State of Indiana to purchase real estate within Indiana. Maybe, but why did people who worked for him continue to communicate with investors and Clayton himself communicate with investors well after the sale of the properties if he was only getting a referral fee? They offer a number of educational products such as blogs, YouTube videos, and podcasts.. We work with a few different great property management companies and will refer you to them upon request. Also caught in the middle are the renters who lived in some of the homes. Whether youre struggling to find cash-flowing deals, low interest loans, or the cash you need to close, Pace Morby's brilliant creative finance strategies will empower you to close more with less and supercharge your portfolio in 2023. They said they had lost $40,000 on the property. We are an educational company and we believe in financial intelligence. In fact, he is pushing the envelope even farther! Archegos levered a small basket of equities to the moon before it imploded - and took big stocks down with it. He has problems keeping his own story straight. Oceanpointe blames the Morrises, saying they are responsible for the promises made to investors.