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All Forum Posts by: Nate Marshall

Nate Marshall has started 45 posts and replied 1090 times.

Post: Jerry Norton and Peter Conti...Legit or not?

Nate MarshallPosted
  • Financial Advisor
  • Evergreen, CO
  • Posts 1,175
  • Votes 638
Quote from @Anade Davis:

I was not looking to say anything negative but the energy is off. Everytime i engage in a product its more unexpected money being required and I just do not like that.

Good information. Its like the Airbnb that says $20 a night but when you click its $100 cleaning fee.


 Yep. It's how gurus work, 

Post: Is the Pace Morby Subto program worth 10,000 dollars?

Nate MarshallPosted
  • Financial Advisor
  • Evergreen, CO
  • Posts 1,175
  • Votes 638

Most gurus are about lambos they rent from Turo. Rolexes they rent. Suits from the tux shop. Hiring girls from hooters to be their "fakerouge". 

Post: Seller won’t return EM

Nate MarshallPosted
  • Financial Advisor
  • Evergreen, CO
  • Posts 1,175
  • Votes 638

James Wise is one of the most honorable people in the business. He helped expose Clayton Morris. 

Josh Holley should probably rethink his life. 

Post: Anyone have experience working with Praxis Capitol

Nate MarshallPosted
  • Financial Advisor
  • Evergreen, CO
  • Posts 1,175
  • Votes 638
Quote from @Brian Burke:
Quote from @Nate Marshall:

Did they spell Capital as Capitol? Or a typo? 

Typo by the OP.  It’s Praxis Capital.  :)

 I figured that.

Post: Morris Invest Case Study 2.0

Nate MarshallPosted
  • Financial Advisor
  • Evergreen, CO
  • Posts 1,175
  • Votes 638
Quote from @Tyler Jahnke:

Hello BiggerPockets!

I stumbled upon the Morris Invest Case Study by @Ian E. and am now inspired to document my current investment with the company. This is kind of a long post, but I hope you stay with me. Clayton Morris (founder of Morris Invest) has an amazing front facing impression with his valuable podcast (I listen to it everyday) and the multiple interviews he's had with reputable sources (BiggerPockets, EOFire). That's how I got hooked on the buy and hold model his company sells.

Even with all that exposure, and the fact that he's a TV host, it was hard to find and really dig into the details of his company online and there's not a lot of specific content on Morris on BiggerPockets. So here's what transpired:

November 12 - Had a scheduled call with Morris Invest. Thoughts: first, I thought I'd actually be on the phone with Clayton, but it was with Larry, who is an Acquisitions Manager. He gladly answered the 20+ questions I had as if he was reading a script. I get it, he gets the same questions all the time from new investors. Very friendly and easy to talk to. We ended up talking about a couple properties at the end of the 30 minute call and he said he'd email over additional details.

Couple days pass and no email from Larry regarding properties.

November 16 - I assumed I'd get an email from him within 24 hours maybe even 48 but nothing came through so I gave him a call. He explains he sent an email the same day we spoke. I check my SPAM folder, and sure enough it's sitting there. Can't blame this on Morris Invest, feel a little embarrassed, and assess the properties. One of the properties catches my eye:

Acquisition: $24,000 + Rehab: $15,000

Rent: $600

I do my research - LOTS of Google Street View, research on Zip Code, crime stats, Zillow for home value and comp values (I know, not the best) tax numbers. At this point I'm VERY interested and have cash ready.

November 18 - Another Call with Larry for additional questions on the specific property. I ask about everything from Inspection Reports, rehab details (I have specifics for what I want in a rehab), potential scope of work, etc. His general answer was: he'll have my answers by November 22.

November 22 - I follow up with Larry via email as he said I'd have final answers to my questions today.

November 23 - I receive an email from Larry stating the property I'm interested was SOLD over the weekend. He attaches another property in the email for me to look at. I am not interested as it sits directly next to a bar. He states I need to put a property under contract as soon as possible if interested otherwise it'll get picked up quickly.

Obviously, this was not the best example of communication, and set me a little off. I began to question investing with Morris Invest.

November 30 - I receive an email from Larry checking in saying he hasn't forgotten about me. He has some properties becoming available soon. I appreciate this communication and am glad he checked in.

December 5 - I get a property from Larry that catches my eye! $37,000 acquisition + $9,000 in renovations. Should rent at $750/month. I get introduced to Nicole, Operations Manager, I ask to put it under contract, but don't sign just yet.

December 5-7 - I send a couple emails to Nicole regarding the Purchase Agreement, but don't get any answers. I get them answered by asking a colleague who owns his own Realty company. I send another email to Nicole as I need my name revised and cc Larry on the email in for hopes of a prompt response.

December 8 - I sign the Purchase Agreement. Introduced to Danny for Insurance (answer three questions he sent via email) and Daniel for Title work (also answer 3 of his questions via email).

December 12 - I finalize Insurance on the property.

December 13 - Check in with Daniel as I didn't get any updates on closing or next steps after answering his initial questions on 12/8.

December 14 - I receive closing documents, wire instructions, and title work. Need some time to read over everything before signing.

December 15 - Nicole said I'd receive the Scope of Work before closing, but didn't yet, so I check in with her and get it.

December 16 - I send over closing documents, wire money.

December 22 (TODAY!) - I receive the final closing package from Title company with all signed documents. They're saying I should get the Owner's Title Insurance Policy and Deed via email in a couple weeks.

I also am now officially in the rehab phase. Nicole reached out with the Scope of Work and wire instructions. I pay 50% of rehab cost to start construction, 25% in 3 weeks, and the last 25% at completion of renovations. I responded back with numerous questions regarding the Scope as I really want to know where my money is going. I have not wired anything yet. The scope had a number of typos and unreadable line items. Hoping I get a response soon!

I'll keep you all updated!


 Please update us. Someone really needs to find a way to extradite Clayton Morris even if its a rendition. 

Post: Is the Pace Morby Subto program worth 10,000 dollars?

Nate MarshallPosted
  • Financial Advisor
  • Evergreen, CO
  • Posts 1,175
  • Votes 638
Quote from @John Key:
Quote from @Ray Hage:

I had already thought dropping 5 figures into these "mastermind" programs was a bad idea and now, I think it is even worse based on what I read in this thread. Sorry to see that some of you major funds that could have been used for investment purposes. I had spent $3k on a mentor a couple years back and it was also a waste of money.


 there are some good resources and mentors out there, but some people just use social media to promote their "expertise" when in reality they just provide a bad experience, just like pace morby


 Truth. People have had a horrible experience. 

Post: Is the Pace Morby Subto program worth 10,000 dollars?

Nate MarshallPosted
  • Financial Advisor
  • Evergreen, CO
  • Posts 1,175
  • Votes 638

I know several people who have forwarded the gator agreements to attorneys and in every case the attorney has told them not to do the deal. I forwarded everything on Pace and the Gators to the Colorado AG. 

Post: Anyone have experience working with Praxis Capitol

Nate MarshallPosted
  • Financial Advisor
  • Evergreen, CO
  • Posts 1,175
  • Votes 638

Did they spell Capital as Capitol? Or a typo? 

Post: Small Multi Family Coaches/mentors? 2-4 units.

Nate MarshallPosted
  • Financial Advisor
  • Evergreen, CO
  • Posts 1,175
  • Votes 638
Quote from @Greg P.:

Hi BP community!

I wanted to see if anyone is familiar with or can recommend paid mentorship programs or coaches for small multifamily unit investing (2-4 units).

In my research, I’ve found that most mentorship programs or resources I come across are geared toward large syndication apartment building purchases or other types of investments, such as short-term rentals, medium-term rentals, single-family homes, Section 8, or fix-and-flip projects. None of which currently, I am interested in.

Unless I’m overlooking something, I haven’t been able to find mentors who specialize in helping rookie investors navigate the small multifamily space for properties no larger than four units.

If you have any recommendations for helpful programs, coaches, or resources you’ve had success with or heard good things about, I’d greatly appreciate it.

Thank you so much in advance, and happy New Year to everyone!


 I have a few lenders who coach their prospects. Let me know if you want to connect with them. 

Post: Seller won’t return EM

Nate MarshallPosted
  • Financial Advisor
  • Evergreen, CO
  • Posts 1,175
  • Votes 638

Looks like I missed a lot. James and Jay always have great things to say.