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All Forum Posts by: Allen Harris

Allen Harris has started 4 posts and replied 29 times.

Post: Oceanpointe Investments LLC

Allen HarrisPosted
  • Spring Hill, TN
  • Posts 29
  • Votes 35
Originally posted by @Son D.:

@Allen Harris I would not consider receiving millions in commissions being screwed more than anyone. There is someone in my mailing group bought 16 or 17 properties from them. She lost $730000 of her life savings.

 I said that was their take, not mine. Again, I have zero stake in this. I was just passing along a link. 

Post: Oceanpointe Investments LLC

Allen HarrisPosted
  • Spring Hill, TN
  • Posts 29
  • Votes 35

He and his wife did a YouTube live stream about all this today. I know many won’t believe them or think they got what they deserved, but it’s a fair piece of the puzzle. Short version of the what they say is that they got screwed by Oceanpoint worse than anyone. I have no stake in this so don’t argue for or against them to me! Just putting this up here for those who wonder why Clayton Morris never seems to address all this. Seemed pretty honest and vulnerable to me but again, I have no dog in this hunt. 

https://youtu.be/3K1g0Okv50E

Originally posted by @Cintia Rivera:

@Allen Harris hello, I am Cintia. My boyfriend and I want to start investing in properties and rent them. What was the name of the turnkey company you chose in Indiana?. Also, it would be great to know the name of the property management company you work with. Would you mind let me know that information?.

Thank you so much for your attention.

Cintia

 @Cintia Rivera: Direct message me and I'll give you the details on who I used.

Post: Morris Invest Review (after 8 months of ownership)

Allen HarrisPosted
  • Spring Hill, TN
  • Posts 29
  • Votes 35
Originally posted by @Donnie N.:

Hi @Allen Harris, would you mind sending me that info as well? Thanks!

Sure. I've received a lot of requests, and I've answered them all by PM. I'd rather stick to one-on-one referrals by PM for now. I've seen the Indy C-class property discussions go sideways a LOT on the forums. :) 

Post: Morris Invest Review (after 8 months of ownership)

Allen HarrisPosted
  • Spring Hill, TN
  • Posts 29
  • Votes 35
Originally posted by @Hector Ortiz:

Allen,  What was the name of the turnkey provider you used in Indy?  I purchased a property from MI this past summer, and have had good luck so far.   Intrigued about who you worked with on your first deal.   

Replied by PM.

Post: Morris Invest Review (after 8 months of ownership)

Allen HarrisPosted
  • Spring Hill, TN
  • Posts 29
  • Votes 35

Man, this story is tragic, and the videos really tell the tale. I'm so sorry about your experience. As a long-time fan of Clayton's many podcasts (not just his real estate show), I'm disappointed.

I had a call with MI last year but decided to go with a different Indy turnkey company when we made our first investment property purchase last month. The team we worked with on the sale was great and I had same-day (sometimes same-hour) responses to my emails. I drove up there from Nashville, and they spent half a day with me showing me around, answering questions, helping me get acquainted with neighborhoods, walking me through the actual property I was interested in (as well as others), and meeting their rehab crew supervisor. When the work was done, their contractor did a full walk-through with me by Facetime video to show me the completed work.

When they handed me over to the property management company, I was equally impressed with their systems and communication. The unit isn't rented yet (only been available a few weeks so far, and that was over the holidays), but I get a report every Friday like clockwork that shows me who has expressed interest, how the PM got the lead, and what action and follow-up the PM has taken to get it filled. I can't ask for more than that. Hopefully it'll get rented out once we get into the new year.

Like you, this was my first investment purchase to dip my toe in the waters. I know there's risk with C-class properties like these, but my on-site visit (before the purchase) gave me confidence to move forward. I'm sorry you've had a much different experience!

Post: Morris Invest Case Study 2.0

Allen HarrisPosted
  • Spring Hill, TN
  • Posts 29
  • Votes 35

@Tyler Jahnke won't tell us how much how much was spent on rehab. Therefore, the math can't be done. I don't know why he won't answer this simple question.

Tyler's original post from last year says it was $9,000 in rehab on the property he selected. It is on his time line marked December 5th in that first post of this thread. I am not sure what the mystery is. The price Morris gives you up front is the price you pay. If the rehab goes over, Morris eats the cost overruns. At least, that is what they promote and what others have reported. I have not bought a property from them.

Thanks, everyone! I was there today and feel good about it.

Sorry! North Olney around E 35th Street.
Hey guys, I know Indy is a street to street market. I'm looking at what's being billed as a C class property on Olney. Anyone familiar with that area? I'm in Tennessee but driving up to check Indy next week. I feel good about the team I'm going to meet, but I'd appreciate any insight on the area before my visit. And while I respect everyone's experience, I'd rather this not turn into a thread about C class properties or turnkey practices in general. I promise I've already read all the great information in all the other related threads. Thanks!