Morris Invest - Update and/or Alternatives?

[Heather Johnston]

Hey everyone,

I'm new to the real estate game and spoke with a Morris Invest representative yesterday.  While performing my due diligence, I found in-depth negative reviews of the company on here.  Between YouTube and stealth reading articles and forum posts, I've been lurking around the BiggerPockets 'verse for a while; the situation is prompting me to actually enter the chat.

The discussions I found were all dated, and the company seems to be doing things differently, so I'm reaching out in the hopes of getting an update.  I don't want to be a patsy in a Ponzi scheme, but I also don't want to hold an old mistake against someone. I'm a skittish newbie who really wants to get invested in real estate, and the kind of products Morris Invest purports to offer (full service, a mentorship-style walkthrough of the whole experience, and a tailored approach to use the resources the investor has available) is a really tempting way to get started.

Here are some things that have been different about my experience thus far (compared to the posts I found from pre-2020):
- Previous offerings: rehab units; current offerings: new builds
- Previous market: Indianapolis; current markets: Joplin, MO, Lubbock, TX and Odessa, TX
- Previous financing affiliate: Ocean Point; current financing affiliate: SDIRA Wealth
- Previous communication: bad (delayed, uninformative, and the like); my experience this week: ~10 minute delay in the scheduled phone call; very responsive via email (I received the follow-up mentioned on the call within twenty minutes of hanging up; I sent a reply with many detailed questions at lunchtime today [12:43 PM ET] and received a thorough response same day [8:05 PM], including a simplified pro forma example.)
- During our phone call yesterday, I was strongly encouraged to visit the development prior to purchase; none of the previous reviews mentioned this even as an option

Has anyone worked with the company recently, or has anyone heard of any recent engagement with Morris Invest?  Are there competitors (as in, other full service real estate investment companies) that you might recommend checking out instead?

Thank you!

- Heather

[Jay Hinrichs]

Heather your not buying from Morris invest ( almost assuredly) Morris is acting as a Real estate Broker just like you would hire any other C 21 agent or remax etc.. He was very public in his announcements of moving to Portugal.. so why would you hire a broker from Portugal to represent you on a sale in the states..

The amount of investors ruined by his last go around number in the 100s will millions lost. I mean just because he maybe doing it right now.. would you still give him your business when there are any number of other companies doing the same thing business model wise but did not leave a trail of broken hearts and wallets.

you asked for some other providers who have good reputations.

1. Rent to retirement  
2. Chris Clothiers company
3. JWB
4. real wealth network
5. Jason Hartman
6. Norada

Along with other regional providers that will do a nice job..  research these as well before you make up your mind.