Jay Morrison And The Tulsa Real Estate Fund Lost Money In 2019-UPDATE: NOW SHUT DOWN

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Geoff
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Umar Johnson turned out to be a fraud (was excited when I first heard about his school)
Tariq Nasheed has a shady past
Now this guy's real estate fund is dead

Why can't a prominent black guy who's 'for the people' succeed? Why is there always dirt in whatever operation they're doing? It's like someone from our community builds and tower and we're all cheering for that person to succeed. But then the tower comes crumbling down due to an earthquake, tornado, weak foundation, cement not dry, bricks arranged improperly, bulldozed by a trojan horse double agent, etc.

I think we need to stop looking for 'leaders', and just try to do things ourselves. Like why can't we come together and come up with something of our own? We're always waiting for some messiah-like figure to tell us what to do.

What shady things have Tariq done with the money people have given him?
 

Booker T Garvey

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What shady things have Tariq done with the money people have given him?

Dudes around here have a very bad habit of conflating not liking people with criminal acts...

Jay Morrison was paying himself and his wife hundreds and thousands of dollars with peoples investments <<< this has been proven.

neither Umar nor Tariq have done anything close to this
 
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I don't like the guy but I'm not sure he's done anything nefarious yet. I also don't think many of the investors know how crowd funding real estate works.
 

invalid

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I’ll never forget going to one of those World Ventures conferences for one of my boys, as he was involved in it. Nothing but black folks attending them trying to get rich. They never did.

Actually, alot of these hustler, scammer types like Jay got started in MLMs. That's how they learn their tactics, everything from the cheesy way they brand themselves, to the cheesy way they market their companies to going after the most vulnerable demographics.

Jay has marketed himself as a real estate investor. The first MLM that I came in contact with when I was in college was this company called Nouveau Riche Real Estate Investing. Jay moves EXACTLY like them so I wouldn't be surprised if he first got started in and if his company models themselves like these Real Estate Investing MLM schemes.

Bob Snyder – Renatus – Real Estate Gurus Exposed – Honest Course Reviews
 

Deuterion

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Bruh... they shut down that center? :ohhh:

Yes because non-essential businesses are outright banned in some areas and even if you're able to open you have limits to how many people can congregate.
 

PhillyzFinest

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If it's a sham then that's a shame but still

I sometimes wonder if coli experts pay the same level of attention and record verification for white venture funds? No?..how about Spanish, nope? Ok I meant Asian/ Jewish real estate funds....oh wait

:jbhmm:
But once it's black it's..."how he get started?...with what money? ...for how long? Who he with? How come he need money? Where's the money going? I need to see a guaranteed profit plan....what year should profit be expected? How much?...oh he lost some money? oh nah fukk that he's purely a scam artist...anyone who gave him a dime is an absolute sucka...

Meanwhile white ipos and businesses get invested in daily directly or indirectly....not a peep...imagine that:martin:

I'm ok with inquiring how money is generated before investment....but when it's only black entrepreneurs that get the heavy inquiries and the guilty before proven innocence mindset ....:sas2:


Sad reality is racism plays a major role in this. Black banking fails from the early 20th Century has destroyed the idea of wealth for black people for generations.

It's almost impossible for blacks to collectively empower one another because at the end of the day, banks collect from a Federal Reserve Bank that prints money out of nothing.

That's the catch. The secret, if you will.

Blacks must control the banking SYSTEM, the real estate market and most importantly, the financial system in order to create and sustain an affluent class of blacks indefinitely.
 

invalid

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Yes because non-essential businesses are outright banned in some areas and even if you're able to open you have limits to how many people can congregate.

So will it reopen after the pandemic or is it shut down for good?
 

Yinny

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Fund owners arent obligated to payout, that would REIT

Real Estate investment Trust.


This shyt is a gofundme disguised as a REIT


Chart-2-Regulatory.png


Apparently he’s claiming to be a REIT. I had a mini-back and forth on Twitter where someone insisted that he stated as much multiple times after I said it isn’t a REIT. Placeholder for when I find a/the vid.
 

TL15

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If he did an IPO like he mentioned then he’s not entitled to paying anyone anything. What I remember reading (could be wrong :whoa:) is that he planned on selling “stock” and he had a team of shareholders. So he was basically able to pocket 50.1% of the money legally and then “invest” 49.9. And he could lose all of that money and that’s the game :yeshrug:
 
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