All Forum Posts by: Account Closed

A former employee of Morris Invest now works for Limitless. I think he took the email list with him when he left Morris. Regardless, I am not doing any business with Limitless...

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Originally posted by @Jinglei Cui:

Since the MI company is on news again recently, i started to think about the whole turnkey business they are operating. I am very new to REI, and the whole BRRRR strategy seems so amazing to me, but if buying rental property and using leverage is so profitable as Morris promised, how come they step out of that mode and started to do turnkey business?

Hope someone can help me with this question!

What news are you referring to?

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Originally posted by @Theresa Harris:

(I'm being a smart aleck) Records work both ways...a record high or low?

Yeah - that's what I was thinking. How the heck could this guy be selling anything with this kinda reputation???

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Originally posted by @Jay Hinrichs:

Originally posted by @James Wise:

Originally posted by @Jeff Goodale:

I am pretty new to REI but I noticed Morris Invest was different than everyone I talked with over the last year. It just seemed like it was all about me getting them money and they would take care of the rest. Pricing was cheap but I didn't feel comfortable with the process at all.

Glad I trusted my gut and the process.

Glad to see your gut kept you out of trouble. When in doubt pass on the deal folks. There will always be another one.

https://www.bing.com/videos/search?q=morris+invest...

Jim watch this one at about the 16 minute and forward.. one of the better explanations about who these people are.

Great video - thank you for sharing...

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Originally posted by @Frank Geiger:

Because a renter will likely only stay a year or two in your property before moving out. It is a notable expense. Someone has to pay the mortgage when they aren't.

I see - so you draw from your vacancy reserves in order to make regular mortgage payments, etc. That makes sense - thank you.

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I notice when I read books on rental properties that they suggest putting aside a percentage of rental income for vacancy. What is the purpose of doing this? - Thank you.

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Originally posted by @Taylor Chiu:

A month ago I listened to a BP podcast where the sponsor was Padhawk, an online aggregating service that allows you to access MLS listings from all over the country, among other things.

They were offering a free 1 month trial through BP, so I signed up. The service itself seems decent, but my problem lies with their customer support.

First, they charged me the normal $99 right away even though I signed up with the promotion code. Then when I called into their customer support, the person I spoke with didn't even seem to know what Padhawk was. Eventually they said they would log a case with their team, and get back to me about the refund. Which never happened. SHOCKING.

Then I called in again to bring up the same issue, and to cancel my membership before the trial ended (so I wouldn't get charged for another month). They said they would take care of it. And guess what? They ended up charging me another $99, and also REVOKED my membership, saying the trial had ended.

Gotta say, I'm pretty dissappointed with this company. They clearly don't have the infrastructure to support clients on this platform, and their customer support is terrible at best.

And of course I called today, and it just went to voicemail.

So if you like positive cashflow, don't use Padhawk.

My recommendation when you do something like this is to use a Visa Gift Card for the credit card. That way they can't continue to charge you every month. Or, Capital One, for example, has virtual credit card numbers. This allows you to create a new card number for use on the site, and you can turn that number off if you don't want to use it anymore...

14 Votes

Originally posted by @Marko Zlatic:

look at these comments...I literally can't make this up you guys.

Even if he's scamming people, it's OK because he's helping people out??? That's logic for you right there...

1 Vote

I don't know how I managed to post that twice...

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All Forum Posts by: Account Closed

Account Closed has started 2 posts and replied 109 times.

Post: Portugal golden visa

Post: Beware of Limitless Turnkey

Post: Morris Invest/Clayton Morris Invest

Post: Clayton Morris / Morris Invest House of Cards starting to fall.

Post: Clayton Morris / Morris Invest House of Cards starting to fall.

Post: Putting aside for vacancy

Post: Putting aside for vacancy

Post: Avoid Padhawk if you like money

Post: Clayton Morris / Morris Invest House of Cards starting to fall.

Post: Clayton Morris / Morris Invest House of Cards starting to fall.