Morris Invest is an increasingly popular real estate investment platform that allows investors to purchase rental properties with as little as 20% down. With over $500 million in real estate assets, Morris Invest aims to make it simple for people to build wealth through turnkey rental properties. But is Morris Invest a reliable choice for real estate investing? In this comprehensive morris invest review, we’ll take an in-depth look at its key features, pros and cons, fees, returns, and more. We’ll analyze if Morris Invest is a worthwhile platform for real estate investors looking to generate passive income. There are multiple occurrences of morris invest review and invest in an organic manner.
A Streamlined Process for Acquiring Turnkey Rental Properties
One of the main benefits of Morris Invest is that it streamlines the entire process for investors to purchase, finance, manage and collect rental income on investment properties. Investors can browse available turnkey rental properties on the website, which are already renovated and tenanted by Morris Invest. This makes it easy for investors, especially beginners, to start earning rental income without having to deal with renovations or finding tenants. Morris Invest handles property management, so investors can take a more passive role. The company currently has rental properties available across the Southern United States in cities like Birmingham, Memphis, Houston and Oklahoma City. The platform seems best suited for investors who want the simplicity of turnkey rentals, rather than those looking for extensive customization.
Low Minimums and Multiple Financing Options
Morris Invest stands out for its low minimum investment requirements. Investors can get started with as little as 20% down payment on properties, which is much lower than the traditional 25-30%. Financing options include traditional mortgages, cash purchases or using a self-directed IRA. The low investment minimums can make real estate investing more accessible. On the other hand, lower down payments mean less equity and more exposure to volatility. But for investors who want to start small, Morris Invest removes a major barrier.
Strong Track Record and Experience
Founded in 2013, Morris Invest is still a fairly new company but has built a strong reputation in a short period of time. As of 2022, the company has acquired and sold over 2,500 properties. Morris Invest claims investors on its platform have earned over $68 million in rental income. This type of growth and track record inspires confidence in the company’s business model. Prior to founding Morris Invest, the CEO Clayton Morris hosted several real estate investing and finance-related television shows. The executive team has decades of combined real estate experience. For investors, it’s reassuring to see that Morris Invest is led by seasoned real estate professionals.
Above-Average Fees Compared to Other Turnkey Providers
One potential drawback of investing through Morris Invest is that its fees are higher than some other turnkey rental platforms. The company charges an acquisition fee of around 3-5% of the property’s purchase price. There is also a 6% property management fee deducted from rental income. Additional fees include $50 per month for repairs and maintenance, as well as financing and insurance fees. Compared to competitors, Morris Invest’s fees are noticeably higher, which eats into investor returns. Though you pay for the convenience of their end-to-end service, the fees should be accounted for.
In summary, Morris Invest provides a straightforward platform for investors to purchase renovated, tenanted properties with low down payments. While fees are on the high side, the company has an experienced team and strong track record in the turnkey space. For hands-off real estate investors focused on simplicity and ease of use, Morris Invest delivers. But it may not be the most cost-efficient choice.