Morris Invest Reviews

I also lost a ton of money investing in Morris's Ponzi scheme. Phoney leases, "tenants' with criminal records, unrenovated properties that were the subject of multiple city health violations, etc. After terminating my relationship with Morris and his fellow conspirator Bert Whalen I poured nearly $50,000 into repairs that were supposed to have been completed by Morris as part of the sale agreement. Not to mention the cost of evictions, code violation fines, etc. Despicable human being! Stand clear!

They say it takes a lifetime to build a reputation and a second to ruin it, thats the case with Mr Morris. This guy ran a real estate Ponzi scheme with Bert Whalen (Oceanpointe investments owner) in Indianapolis and stole millions of dollars in peoples money. How do i know? I was an early investor and something didn't add up. Turns out they were paying me a higher rent (with new investor money) then then tenant was actually paying to rent the property. They would "juice" the numbers when they sold the investor the property while all along paying higher returns than the actual rent collected. How did I find this out? I switched property managers and actually got different copies of the leases for lower amount of rent then I was given by Morris and OP. I found this all out when I drove to Indy to see one of my properties vacant't and I was still getting payment. Hmm wonder how this could happen? Answer = Ponzi. I hope to see both of these frauds in jail soon.

Also, when checking a property via the internet, of course always just put it to Google Maps - you can always get a good bird's eye view to the area , the location of the property and some basic characteristics of the neighborhood - is it very crowded? Generally speaking it is a sign for slums (except in areas like New York City of course), are there deserted areas? Also - not a very good sign ... Just use your common sense, people!

I considered investing with him at the beginning of this year. I saw his YouTube videos and got the impression he is quite knowledgeable on Real estate investing and wanted to give him a chance. I had a phone call with him and with one of his workers. I got the impression he is a very good sales person and has invested a lot in his image. I contacted him before I was aware about all of those bad reviews in the internet (or before they existed?) I did not proceed checking any reviews because, after getting in contact with them, the properties they were sending me were just bad: a simple search in the internet will reveal that: just a simple search in zillow revealed that the properties were ridiculously overpriced when compared to recent sales of similar homes in the same neighborhood. He is a very good sales person whose real business is FLIPPING - a Real Estate investment where you buy a property and resell it in a much higher price. All the stories around is just marketing. Never buy real estate without home appraisal and inspection, Put your head where the money is! its a big investment! Would you buy a car without taking it to garage? Just make me very sad that good hard working people fall into this. Just educate yourself on Real Estate investments, United States is SO TRANSPARENT, in 5 minutes you can get such a good idea about the property based on it's address only: A good idea about the estimate of the price (via Zillow), which schools are in the area, crime rate, is the area doing well - people are moving in more than out, which jobs are in the area - always better to have a good variety of sectors. Which Amenities are in the area, is it close to major roads or public transportation (in areas where its relevant). you can easily see the real estate price graph of properties in the area in Zillow - the real estate behaves in a sinusoidal manner .. So much you can learn just with the internet, open your eyes!! Good luck to all, bless you

I want to warn everyone who is reading this, DO NOT BELIEVE OR INVEST YOUR MONEY with Clayton Morris or his company 'Morris Invest'. He has been EXTREMELY negligent in his business. I made the mistake of investing a lot of my hard earned money with Morris Invest only to find out that me and many other of his investors have many homes that were never rehabbed and tenants of the very lowest quality have been placed in the units only to become squatters a few months into the lease due to extremely bad property management. Clayton Morris and Morris Invest fully endorsed a property manager who is literally stealing investors money. This is a scam, please do not give him your money like I did. I trusted him because I liked his podcast and felt comfortable. I made a big mistake. Do not do the same!

I purchased 6 homes through Moris Invest, and it has been a terrible experience. Yes, his podcast is quite good, but take the good advice on the podcast and DO NOT buy a home without thoroughly vetting the contractors and property management company! Here are some of the problems:

-- It's like pulling teeth to get even the most basic information out of Morris Invest and the company in Indiana that manages rehabs and property management for them, Oceanpointe. Want to know if your house has been rented? Start sending emails and calling every day. It takes me 2 weeks or more to get a response.

-- Rehabs are extremely poorly done. Clayton advertises "full rehabs", but when an Indianapolis public health inspector visited one of my properties just 6 weeks after the rehab was supposedly finished, they found 6 major violations of health code just on the exterior. Crumbling steps, unsafe porch, siding not weathertight, etc...

-- Tenant placement is questionable. After talking with other investors, I have reason to believe that they don't actually do any background checks or credit checks when they place a tenant.