I bought a property from Morris Invest - they are NOT a turnkey company. They are a marketing company falsely selling themselves as a turnkey company. Clayton says he has a turnkey operation but, at least in Indy, he did not do the purchasing, rehab, or management. The problem (aside from hundreds of people losing A LOT of money) is that Clayton talked on his podcast and to people personally and said that HIS company/team was buying houses and rehabbing them and managing them. That wasn't true.
I do not believe he set out to intentionally defraud investors, but it definitely turned into a Ponzi Scheme and he knew it and didn't stop it. The only reason it came to light was someone from his "team" forgot to bcc on an email and so we all saw everyone's email addresses and we started talking.
This disaster is his responsibility but he is passing blame to the company that actually did the buying, rehabbing (sometimes) and managing.
I was lucky - I got out after I found out I had two leases for one tenant - one clearly fraudulent. They actually purposefully paid me more rent than they were collecting on my property for over a year until I discovered the fake lease.
What a disaster. Needless to say, I do not invest with MI anymore and I have no plans to do business with Clayton again.
