We offer conventional financing, portfolio financing, International financing, IRA financing, and non-recourse financing. It can be problematic when such investors look to charismatic personalities for investing tips. How Much Money do Real Estate Agents Make? Join the hundreds of investors we've helped earn thousands of dollars in passive income this month. Which is why we have reported this to the Attorney General and are asking for legal help to make these things right. Yet, he is found replying to a, Clayton knew there were issues very early on and continued to refer people to this company for years, The main contact person for many investors was Nicole Meckley, who investors thought worked for Ocean Pointe, Nicole Meckley was sending pictures or rehabs, contracts, repair progress, leases, and more to investors after they bought properties, Nicole Meckley is Clayton Morriss sister and never worked for Ocean Pointe, only Morris Invest, Clayton posts a message on his site saying they are still working with Ocean Pointe and everything should be fine on May 1st, 2018, Clayton posts a message on his site that says they just learned of the issues with Ocean Pointe and will stop using them on May 8th, 2018, Clayton gets sued by many investors in 2019, Multiple articles published talking about Clayton Morris and the fraud he may have committed, including the New York Times. He could not see major problems that were right in front of his face when he was living in the US. The couple declined to provide a copy of the agreement. 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. One coffee mug. 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. Most investors claim the problems started with not receiving contracts, pictures of properties, rehab reports, etc. 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. This site uses Akismet to reduce spam. Quickly match with investor-friendly agents who can help you find, analyze, and close your next deal. 1. In some cases, the investor was to pay from $5,000 to $20,000 to have the property remodeled before it was marketed to be rented out. Analyze Deals Like a Professional Investor. Notorious con-man Porter Stansberry is perhaps the ur-example of the phenomenon. 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. He has informed me that he was only the sales representative and received a commission on the sale. Morris Invest and SDIRA Wealth co-created the Portfolio Program to assist serious investors that have the capability of investing $300K or more. 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. They say that poor upkeep resulted in collapsing ceilings and frequent plumbing problems. (Am. 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. This coverage led to Clayton Morris filing a $7.2 Million lawsuit against Holton-Wise. Morris has been sued by more than two dozen different investors since the start of 2019. 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. 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. Clayton Morris founded Morris Invest around a simple three step wealth plan. We use cookies to ensure that we give you the best experience on our website. The Stars investigation detailed the grim conditions in which tenants of Morris and Whalens mini-empire were made to live including exposure to lead, dangerous mold, and rodents. Joining him . Roblox Purchased 10,000 shares worth between $500,000 and. Just saw a recent youtube program of his where he now is pushing not just gold but the company he says is the best. The property itself represents the collateral thus securing the loan for you as the investor. The Morrises said they would not have gotten involved with Mr. Whalen had they known that Indiana regulators moved to deny a renewal of his real estate license in December 2015. 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. There have been reports of as many as 300 investors losing money with Morris Invest. Investing. 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'. 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. In addition we discuss Bert Whalen's arrest and federal indictment as well as the outrageous $7.2 Million Dollar Lawsuit between Clayton Morris and HoltonWiseTV. The Morrises said they were not aware of the extent of the problems. We find, fix, fill and manage great properties while you see amazing returns on your investment. We always focus on landlord friendly states with the highest job growth and lowest vacancy rates. The Judges overseeing this case are Richard L. Young, Matthew P. Brookman and Tim A. Baker. He said they trusted Bert Whalen, who was the owner of Ocean Pointe Property Management. 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. Clayton Morris is a real estate investor who used to be the host of Fox and Friends on Fox News. Id . BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. 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. Hes famous and I thought, Hes not going to ruin his entire reputation. Obviously, in hindsight, I feel like such an idiot.. 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. The questions I asked him over and over were: Here is a small sample of what was said publically on Instagram: He refused to answer these very simple questions over and over. This provides the opportunity to move forward with building a large-scale rental real estate portfolio. Citigroup's CEO Willing to Adjust Staffing Levels in Investment Bank. In a research working paper financed partly by the federal Department of Housing and Urban Development, Mr. Garboden wrote that amateur investors were vulnerable to exploitation by those who evangelize the process and tend to play down the risks of investing in low-end urban real estate. Clayton Morris is a real estate investor who used to be the host of "Fox and Friends" on Fox News. Mr. Gomes said he had learned about the fire only several months later, when the city sent him a notice warning that the property was unsafe and needed to be boarded up. A lot of turnkey companies will discourage you from inspecting properties because they already did.. A state regulator determined that he had failed to disclose convictions for operating a car and motorboat while intoxicated and, on at least one occasion, had not turned over rent money he had collected for a property owner. 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. His real estate license was permanently revoked in January 2018. He and his wife offered to help average investors get into real estate, but many of the couple's clients say they lost thousands of dollars. Real estate investors break down the basics, and share tips on how to get your next deal. There are also a number of reviews on the BBB (F rating) on Morris Invest accusing the company of fraud. Mr. Gomes at his home in California. He uses mostly truthful information about China and Russia but it is possibly just a way to get people involved in what may well be another ponzi scheme. 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. BBB Business Profiles generally cover a three-year reporting period. Morris Invest, founded by Clayton Morris, helps people realize their real estate investing dreams. If we are helping others, we should let people know to be careful with these types of investments. I am not sure what will happen to Clayton and Morris Invest, but I hope he never gets the chance to rip someone off again. Morris Invest is working with the Attorney General and through other legal channels to compel ***********to do the work that ** *********** is in fact owed.. 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. 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].. Compl., ECF No. 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. All Rights Reserved. If he ignored those problems, he is the worst investor in the history of the world. Morris Invest is the best. https://www.nytimes.com/2019/03/25/business/fox-news-clayton-morris-indianapolis.html. Fresh-faced journalist with an interest in media, tech, culture and society. *********** ******** ********** sold this property and is responsible still for this rehab. 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.