Right after I aired the show, I was inundated with emails about how Clayton had ripped off people. I also talked to Clayton on Instagram in the last year. He disputed the suggestion that the indemnification agreement held Oceanpointe solely responsible for problems with the selling of the homes. We like to start by getting to know you better, and invite you to do the same. What works best for one client might not work best for another. Weve helped many people buy their first investment property and weve helped many seasoned investors build their portfolio of properties. 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. Also caught in the middle are the renters who lived in some of the homes. The U.S. International Trade Commission ruled Wednesday that Philip Morris International and Altria must stop the sale and import of the Iqos tobacco device. Clayton Morris still has a large following of people on Youtube and Instagram (although his Instagram followers have been decreasing). We are looking at $30,000 to $40,000 in profit per property, which would mean $21,000,000 to $40,000,000 split between Ocean Pointe and Clayton Morris. Their company, Morris Invest, would handle the details: finding properties, overseeing renovations, hiring property managers to rent out the houses. Submitted: Sat., August 20, 2022. im not sure why it is sad; but nobody is compelled to buy gold, and it is still up to the individual to exercise proper diligence or simply gamble on whichever company he promotes. I own a turnkey property in Cleveland that I bought from a different turnkey company. DONE FOR YOU. The Judges overseeing this case are Richard L. Young, Matthew P. Brookman and Tim A. Baker. Join the hundreds of investors weve helped earn thousands of dollars in passive income this month. 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. Morris Invest and SDIRA Wealth co-created the Portfolio Program to assist serious investors that have the capability of investing $300K or more. Legal Name Morris Invest LLC. But you might not learn that from the New York Times, CoinDesk's Chief Insights Columnist David Z. Morris writes. ATLANTA - Aug. 19, 2020 - PRLog-- Jay Morrison, a self-proclaimed real estate mogul and actor advocate of black civil rights is now under attack by his founding investors and people once considered his customers.Mr.Morrison is accused of swindling investors out of their money with acts of fraud by misappropiating funds various other breaches of fiduciary responsibilities. I picked up 2 in illinois and Ive just been collecting rent. https://youtu.be/WiFxO0mfDFA RentecDirect FREE Property Management software.https://www.rentecdirect.com/holtonwise/Lower Your Rental Property Insurancehttps://www.holtonwisepropertygroup.com/insurance/#HoltonWiseTV is #RealEstateInvestingMadeEasy We were a referral agent on this property, per his closing documents. Is this FRAUD?. He was told he couldnt see properties because they were already rented out with black shades up. On. 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. A lot of turnkey companies will discourage you from inspecting properties because they already did.. He took about $5,000,000 in referral fees for selling turnkey rental properties. 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. If the turnkey company wont allow you to talk to the property management company, that is a bad sign. By 2016, Mr. Morris was referring one or two investors a week to Mr. Whalens firm. Im a novice investor. FAQs How does your process work? 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. We didnt know any were living in abject conditions, Ms. Morris, 40, said. Anyone can read what you share. Morris Invest, though, is no longer their top priority. Join hundreds of investors earning thousands in passive income each month. I didnt have to do anything but sign papers. More From Mary Plunkett 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. On top of that, the rehab costs were added on, which could be $5,000 or $20,000. Mr. Gomes at his home in California. In one instance, Mr. Morris's firm. Accordingly, they have tended to seek out professional and reliable landlording firms and contractor conglomerates to do the fixer-upper work involved in this perversion of the traditional home-as-bootstrap-fuel model of American dreamer class-mobility. You need a tremendous amount of manpower to rehab 20 properties a year. He could not see major problems that were right in front of his face when he was living in the US. Learn how your comment data is processed. Schedule a quick phone call with our team so we can learn about your investment goals. Few, if any, problems have arisen in other cities, they said. BBB Business Profiles are subject to change at any time. Well guide you through the process. Id. Join the hundreds of investors we've helped earn thousands of dollars in passive income this month. NEW DELHI (Reuters) - Philip Morris International Inc has for years paid manufacturing costs to its Indian partner to make its Marlboro cigarettes, circumventing a nine-year-old government ban on. Thus the shades.. Mr Morris has finally informed me that he does not have the money that I wired as specifically directed by his representative. Clayton Morris is today's guest on the Steve Jobs inspired Join Up Dots business coaching podcast. For them to take down his episode, they had to have solid proof as well that there was serious wrongdoing. Morris Invest is working with the Attorney General and through other legal channels to compel ***********to do the work that ** *********** is in fact owed.. You can see that Morris is taking the position that they had nothing to do with the sale, the rehab, or the management. So, time will tell, but there are scores of people on social . We find, fix, fill and manage great properties while you see amazing returns on your investment. Based in Dublin but with a international perspective on events, I aim to give a clear view of what's current. He said they trusted Bert Whalen, who was the owner of Ocean Pointe Property Management. We will provide you with the name and number of a company that handles policies for most of our personal rentals. Eerie though the prospect of a remote Wall Street landlord is, those firms place a premium on their reputation and on avoiding legal trouble. I am the founder of InvestFourMore, Managing Broker of Blue Steel Real Estate. It was not hard to see there was a problem. I wrote this article and created a video about the Morris Invest Fraud Accusations because I have had some interaction with Clayton and feel I have a civic responsibility to give my opinion on this situation. He has also been accused of scamming hundreds of investors by selling properties that were not rehabbed or even built in some cases. Former Fox & Friends host Clayton Morris has left the United States and moved his family to Portugal while facing more than two-dozen lawsuits alleging he committed real-estate fraud . He is a man who is a multi-talented ex American television show host and a real estate investor; notable for being the anchor of the podcast called Investing in Real Estate. He has convinced other online and on-air personalities that he did nothing wrong. Pick a time on our calendar so we can discuss your financial goals & answer your questions. The program offers a proven system for building wealth, guaranteed, according to its website. Sound good? Are we supposed to believe that when Clayton saw properties like this, he thought the tenants had already moved in and everything was fine because they had blackout shades up? In our many years of business weve heard many of the same questions over and over again. Furnaces often did not work properly, leaving homes freezing cold in winter. 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. As a matter of fact, I didnt even need to physically see the property myself. Everything was simple. If one or more of our properties meet your needs, well walk you through the entire process from pre-purchase and beyond. Turnkey properties are usually houses that are rehabbed, rented out, and ready for someone to buy without much work. Thank you! For clients dissatisfied with the work on their properties, Mr. Morris said Oceanpointe had agreed to indemnify Morris Invest against all lawsuits and investor claims. Top 10 Real Estate Markets for Cash Flow in 2023. Stansberry spent the Obama years prodding conservative mailing list audiences to be ever more afraid of a looming apocalypse, then marketing survivalist-themed investment products to them. Key . Books have been written about the scandal in which she was embroiled in central Virginia as a young woman after the death of her fiance. If we are helping others, we should let people know to be careful with these types of investments. 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. Not only that, but he is doing it while managing everything from abroad in Portugal? Its the only way we do business. What is the Best Real Estate School? John Tompkins, a lawyer for Mr. Whalen, blamed Morris Invest, which he said had collected a $6,500 referral fee on every property. Well co-create a customized investing plan & match you with high-quality properties in the best rental markets. It is very rare for Bigger Pockets to take down any podcast, and that may be the only time they have done it. Larry McLeskey and his wife bought this Indianapolis house. Morris Invest's headquarters are located at 235 Main St 194, Madison, New Jersey, 07940, United States What is Morris Invest's phone number? 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. 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. 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. Interview the property management company before you sign up to use them. They know the contractors. Now they basically pump out anti-vax, right-wing propaganda. One renter in a pending landlord-tenant case blamed poor living conditions for the premature birth of girl who died an hour after delivery. We operate in 14 states and over 40 cities. The Morrises are now selling an online financial advice and planning program: Financial Freedom Academy. Clayton Morris is a real estate investor who used to be the host of Fox and Friends on Fox News. 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. From what I can tell, he is not just buying houses that need work but building new houses as well in Texas. The suit on behalf of the Georgia man specifically claims that Morris appear[s] to have targeted inexperienced investors, many of whom ultimately lost large proportions of their savings or retirement funds in the scheme.. Get unlimited access to tools and resources that make it easier to find, analyze, and manage deals with confidence! Morris has been sued by more than two dozen different investors since the start of 2019. This site uses Akismet to reduce spam. To settle the charges, Ensign. Thats about it! INDIANAPOLIS Clayton Morris walked away from his job as a Fox News host in 2017 to devote himself to the next phase of his professional life: helping regular people achieve financial independence. Most investors claim the problems started with not receiving contracts, pictures of properties, rehab reports, etc. Those who invested with Morris gradually discovered they were being assessed with code violations and tax liens from the city of Indianapolis on properties theyd been assured would be refurbished and managed in perpetuity by someone else. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. All the things about Morris Invest Scandal and its related information will be in your hands in just a few seconds. We are able to purchase and develop our new construction properties in bulk. Getty Images. These are very incestuous networks, Mr. Garboden said in an interview. As a matter of fact, I didnt even need to physically see the property myself. They say that poor upkeep resulted in collapsing ceilings and frequent plumbing problems. Most financial advisors offer investment in stocks, bonds and mutual funds which in turn allows them to make money. - Landlords From Hell 2 (Trailer) - This Is #HoltonWiseTVhttps://youtu.be/zQ1KAlDKUQEIs Fox News Anchor Clayton Morris a Fraud? He admits he was ripped off and his family was ripped for years before he noticed anything was wrong. 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. BBB reports on known marketplace practices. Ann Cary Randolph Morris (1774-1837) (nicknamed Nancy) was the daughter of Thomas Mann Randolph Sr. and the wife of Gouverneur Morris. Mark started Blue Steel Real Estate, a real estate brokerage in 2018. They are focused mainly on Detroit, where they have sold more than 200 homes, largely without the kind of complaints they face in Indianapolis. Watching him endure this has felt like what I would imagine it is like to watch him endure chemotherapy, she wrote. Morris Invest helps educate potential real estate investors how to get started in rental real estate. About a month before Cal Fire Director Ken Pimlott punished Morris' staff, he promoted Morris to Nevada-Yuba-Placer unit chief . Long-term investment for industry flagged for budget. As a full service company we are able to provide you with a connection to these lenders that offer competitive terms. https://www.nytimes.com/2019/03/25/business/fox-news-clayton-morris-indianapolis.html. The summer before he pitched his passive-income rental speculation work on Fox News, specialty real estate websites and message boards had begun lighting up with worrying reports from people whod invested in Indianapolis rental market. Used to be a "progressive," touting Bernie Sanders and American left-wing policies. Clayton was on my podcast a few years ago, and he has recently commented on my Instagram page about the allegations. A former Fox News host has fled to Portugal after his investors filed 25 separate lawsuits accusing him of running a slumlord Ponzi scheme keyed off of blighted homes in Indianapolis. I also have been speaking or will speak withRoofstock, Home Union, Rent to Retirement, and Marshall Reddick. Mr. Morris is inviting investors to follow in his footsteps with a nine-session online program at a special introductory rate of $697. After. Beth Stern, Steve Doocy, Elisabeth Hasselbeck and Mr. Morris on "Fox and Friends" in 2014. I am a Real Estate Agent, Entrepreneur, an author and a Real Estate Investor. When did you first start referring people to Ocean Pointe? He was on my podcast at the beginning of 2018. That will be up to the court to decide if it should be necessary to resolve this matter in that Venue. The rent comes in for a few months, but then it stops. With any investment there are going to be some commonly asked questions. I was asking Clayton very specific questions about what happened, and he refused to answer them. 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. These scam allegations against Morris Invest as well as many interviews with alleged victims of Clayton Morris where covered at length here on HoltonWiseTV. It is my contention that he is in Breach of Contract. Clayton Morris, a former "Fox and Friends Weekend" host, at his. In a December 2018 segment that began with a montage of highlights from Morriss time hosting the weekend version of the show, Fox & Friends invited him to describe the do-nothing profit potential people could expect if they invested with him. 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. If you dont see your question here then please feel free to drop us a line. 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. Has anyone done recent business (2020 or 2021) with Morris Invest or SDIRA Wealth? If one or more of our properties meet your needs, well walk you through the entire process from pre-purchase and beyond. BBB is here to help. Finally, what if Clayton is telling the truth and all of this is just Ocean Pointes fault? Our property management company will also get everything set up for you to receive your rent checks (mailing address, etc. How Much Money do Real Estate Agents Make? That is amazing, right? An Ex-Fox News Host Pitched Financial Freedom. His Clients Want Their Money Back. Get your property match. The investor starts receiving checks for the rent. Before Clayton Morris left the USA for Portugal and started running his daily news show Morning Invest, the YouTube star was involved in one of the most notorious real estate scandals that the. The man Morris did business with the man he now says tricked him, too had lost his license to broker real estate transactions in Indiana several years ago and had his firm shut down [in 2017] by the State Attorney Generals office after multiple complaints, T&H Realty Services Jeremy Tallman wrote in June of 2018. 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. His services were available to politicians of seemingly every stripe, from Howard Metzenbaum on the left to Jesse Helms on the right. Clayton Morris is a real estate investor who used to be the host of "Fox and Friends" on Fox News. 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. You dont have to go out and search for a house. The home had been damaged in a fire days before the deal closed, but Mr. Gomes did not know that until several months later. Last Updated on February 17, 2022 by Mark Ferguson. In fact, he is pushing the envelope even farther! He approached me to be on the show and gave me his background as a Fox News host and real estate investor. The shamelessness of Jonathan Morris and the resultant scandal cannot go unremarked. He was not just inspecting his own properties for my investors as he says. He says that he was scammed tooas well as his family. An email sent to one client who signed up last year summed up the pitch: Are you working LONG hours but never quite able to get ahead? It was instant cashflow. Modern long-distance turnkey investing is primarily the province of gigantic hedge funds, which took advantage of the Great Recessions housing market collapse and foreclosure boom to scoop up hundreds of thousands of empty family homes as investment fodder. He was there looking at them with his own eyes. After two decades as one of President Clinton's closest friends and advisers, Dick Morris has turned on his former boss with a vengeance. Lawyers in Indianapolis are fielding calls from disgruntled customers and angry renters, and Indianas attorney general has opened an investigation. 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.
