Morris Invest in Jacksonville

[Joey Hamaoui]

Hi all,

recently during an initial meeting with a potential investor I learned that @Account Closed's Morris Invest was offering turn-key properties in our area. I was unaware that they were even in our market as a turnkey provider. This is the first time someone has brought up a turnkey company in Jacksonville, FL to me that wasn't JWB.

I'd be very happy to connect with anyone who knows more about this. I'd love to learn more about how large the operation is, how they are as far as working with agents, what their track record is here and if it's worthwhile recommending them for investors that won't quite fit our model but need a turnkey provider.

Any and all insight is helpful.

[Jim Schock]

I spoke with Morris Invest today, and they are doing projects in Jax.  Mostly in the 08 & 09 zip code, but the house they actually sent me was in 06.  I ran the number through the BP Rental calculator, and it cash flows at 11.8% which is right at my target.  The deals are all cash, and you can purchase at various stages of construction.  Seem like a decent plan.  Just not crazy on the area of town.  Very high crime rate, and violent crime at that.  Not sure if I will do anything with them, but thought I would share the information.