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Clayton Morris / Morris Invest House of Cards starting to fall.
It looks like Clayton Morris' (Morris Invest) House of Cards is finally starting to crumble. This article just came out today.
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@James Wise I certainly feel bad for the people who lost money with Morris/Oceanpointe.....but most of these people simply were lying to themselves about the risks here. Out of state, higher risk, crap houses in the ghetto, higher risk, cheap properties, higher risk. I always tell people if they want to invest in these crap hole properties, they need to watch your tenants from hell videos to get a real view of what investing in that class is like.
Im not trying to defend Clayton Morris and these other peddlers of this crap, but people need to have some sort of responsibility for their decisions. They invest in the absolutely highest risk properties in the highest risk locations in the highest risk possible, then are shocked when it all goes to hell.
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