Weve helped many people buy their first investment property and weve helped many seasoned investors build their portfolio of properties. The house is now boarded up, its back half all but gone. Many of the properties in Indianapolis were bought for $10,000 to $20,000 and sold for $50,000 or more. Renovation work was done on 60 percent of the 700 homes sold in Indianapolis, Mr. Morris estimated. The Morrises have largely gotten out of the real estate business in Indianapolis. That is from $4.5 to $6.5 million dollars Clayton received for just referring people to these properties. We operate in a few states like Texas and Tennessee, but our field team is always analyzing markets. He took about $5,000,000 in referral fees for selling turnkey rental properties. Its the only way we do business. LEJ Mgmt. v. Morris Invest, LLC - Casetext FTX's Collapse Was a Crime, Not an Accident - coindesk.com Join hundreds of investors earning thousands in passive income each month. Ex-Fox News, Fox29 host Clayton Morris leaves country amid N.J 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. Weve helped many people buy their first investment property and weve helped many seasoned investors build their portfolio of properties. 19K views 2 years ago Clayton Morris & @MeetKevin talk with James Wise about the scam & fraud allegations levied against former Fox News TV personality Clayton Morris & his real estate. He has convinced other online and on-air personalities that he did nothing wrong. The rent comes in for a few months, but then it stops. The "LLCInvest" companies also hold dozens of other valuable properties and businesses. "It's a bit like history repeating itself . 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. Not only did I take down his podcast episode, but Bigger Pockets also took down the show he did with them. 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. The Dick Morris Story: an Affair to Not Remember He said he had paid in advance for renovations to the Indianapolis property that were never completed. As a matter of fact, I didnt even need to physically see the property myself. There are hundreds of people who are as happy as a clam, he said. Real estate mogul Jay Morrison exposed by Tony Robinson as scam - PRLog They know the contractors. Morris Invest is the best. 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. 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. Alexandra Hootnick for The New York Times. However, he did not stop when all the complaints came about, the lawsuits popped up, or the negative press came about. This comment is small, but you can click on it to enlarge it. Which is why we have reported this to the Attorney General and are asking for legal help to make these things right. Nearly two dozen customers are now suing Mr. Morris and his company. Investment gurus, he said, tend to have a common message: Investing in real estate can help guide the average investor to financial independence. 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 whichonly sells new construction homesthat are usually pre-leased to buyers (currently they are building in Lubbock, TX). Morris Invest is working with the Attorney General and through other legal channels to compel ***********to do the work that ** *********** is in fact owed.. Joining him . Clayton Morris founded Morris Invest around a simple three step wealth plan. Mr. Whalens businesses have done everything required by their investment agreements and contracts, Mr. Tompkins said. Many investors hired other property mangers or locals to go take pictures of properties, and these are a few examples of what they found. 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 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). See Every Stock Trade Speaker Nancy Pelosi's Husband Made - Insider If you dont see your question here then please feel free to drop us a line. The whole system thrives on keeping every dollar invested in that network.. One house gutted by fire was sold a few days later to an unwitting investor, according to a lawsuit.. Based in Dublin but with a international perspective on events, I aim to give a clear view of what's current. 'White House Plumbers' the latest to mine comedy out of Watergate scandal Not to mention he called me mentally disabled, which is just wrong on so many levels. 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. Clayton Morris is a real estate investor who used to be the host of "Fox and Friends" on Fox News. Stop worrying, and let us take care it! Anytime that you work with a bank it will slow down the process. Also caught in the middle are the renters who lived in some of the homes. Even after the Tulsa allegations, Mysonne shouts out Jay. 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. We like to start by getting to know you better, and invite you to do the same.