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

[Stuntone]

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.

It's setup up like a REIT but isnt so he's not required to pay anyone.

 

[Abraxus]

the fund is not closing and nobody has lost their money, haters please relax

You delusional. Plenty people lost their money. If not why not cash em out? Hating? Really? You invest in Jay? You get a return? How are people hating when it’s been two years and nobody has seen a return? Except for his lying sausage headed ass with that hoodrat bytch he married. Now he’s doing his last push to steal money and run. He himself is imploding right before you but you think people attacking or talking about a truly innocent dude? Man Gtfoh with that bullshyt! You got $500 to ball up and throw away on this clown? If you do, then do it and come back in here and tell us how we mad and hating. I’ll wait. Take another two years. No rush.

 

[Abraxus]

Can you shed some more insight on this please? Genuine question. I am interested in having a discussion that goes a bit deeper than simply stating people are “haters” because they don’t have confidence in this fund.

It’s easy enough. Do your own research and seek for your own judgmental righteousness. That’s one of the problems, taking this clown at face value. Like he’s educated or knowledgeable about what he was doing. He’s a used car salesman out for self. Mf don’t care about nobody because he’s “rich rich” but he got brainwashed poor black people out here giving up their money to his fakkit ass. It angers me that poor black people fall for this bullshyt. That $500 cold have bought food or toilet paper in this crisis. It incenses me to see a sorry convicted felon mf come out and go back to his same MO. And hey, for you dudes that served time go ahead and give your money to him. My brother did hard time too and if he was calling for this dude I’d tell him fukk you too!

 

[Danktoker94]

If he did an IPO like he mentioned then he’s not entitled to paying anyone anything. What I remember reading (could be wrong ) 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

He can still get hit with some kind of fed crime

 

[Conjiggle]

It’s easy enough. Do your own research and seek for your own judgmental righteousness. That’s one of the problems, taking this clown at face value. Like he’s educated or knowledgeable about what he was doing. He’s a used car salesman out for self. Mf don’t care about nobody because he’s “rich rich” but he got brainwashed poor black people out here giving up their money to his fakkit ass. It angers me that poor black people fall for this bullshyt. That $500 cold have bought food or toilet paper in this crisis. It incenses me to see a sorry convicted felon mf come out and go back to his same MO. And hey, for you dudes that served time go ahead and give your money to him. My brother did hard time too and if he was calling for this dude I’d tell him fukk you too!

Sorry my initial post that you responded to was a direct question to the poster above me that simply referred to anyone that doesn’t believe in the fund as a “hater”. For some reason my response didn’t quote their post. I am definitely cool if someone disagrees with my sentiments on a topic, but I respect them providing their perspective and showing me things I may have missed/not understood more than just being called a “hater”. Elementary at best.

I have seen through this since the start. I think your comparison to a “used car sales man” is pretty much spot on. He has more or less preyed on the financial illiterate.

I mentioned in one of my posts in these threads that there is no way he should have paid himself (or his wife for that matter) a mid six figure income for a fund that has not produced to date.

Those of us in the industry or with real estate knowledge saw that this would end up being a future episode of American Greed from the start.

 

[theworldismine13]

Can you shed some more insight on this please? Genuine question. I am interested in having a discussion that goes a bit deeper than simply stating people are “haters” because they don’t have confidence in this fund.

to put it simply its not a scam, its a high risk investment.that is not profitable at the moment

Jay's marketing of the fund was horrible for using the hip hop video promotion style and he heavily implied that the fund would be profitable. it wasnt,, jay simply oversold and didn't deliver on the profits. thats the bad side.

the good side is that in terms of the paperwork the fund is squeaky clean and completely legitimate and its well funded so it highly unlikely to go bust. He has brought some properties and he is likely to buy more so there is plenty of opportunity to recover.

so its true jay went overboard with the promises but haters are going overboard also. nobody has lost money and he has time to recover. the fund is still doing it what it does

 

[theworldismine13]

You delusional. Plenty people lost their money. If not why not cash em out? Hating? Really? You invest in Jay? You get a return? How are people hating when it’s been two years and nobody has seen a return? Except for his lying sausage headed ass with that hoodrat bytch he married. Now he’s doing his last push to steal money and run. He himself is imploding right before you but you think people attacking or talking about a truly innocent dude? Man Gtfoh with that bullshyt! You got $500 to ball up and throw away on this clown? If you do, then do it and come back in here and tell us how we mad and hating. I’ll wait. Take another two years. No rush.

yeah i put 500 , as long as he is complying with all SEC regulations I'm not worried about it


go to www.wefunder.com and www.seedinvest.com

although TREF is a real estate company these websites show the types of companies TREF should be compared too, because they are all under the same type of rules

the thing is ive put a couple of hundred here and there in these companies being fully aware that they are high risk projects

 

[Conjiggle]

to put it simply its not a scam, its a high risk investment.that is not profitable at the moment

Jay's marketing of the fund was horrible for using the hip hop video promotion style and he heavily implied that the fund would be profitable. it wasnt,, jay simply oversold and didn't deliver on the profits. thats the bad side.

the good side is that in terms of the paperwork the fund is squeaky clean and completely legitimate and its well funded so it highly unlikely to go bust. He has brought some properties and he is likely to buy more so there is plenty of opportunity to recover.

so its true jay went overboard with the promises but haters are going overboard also. nobody has lost money and he has time to recover. the fund is still doing it what it does

I definitely appreciate you breaking down your point in detail. Respect.

I get where you are coming from but I just don’t see it turning out positive at all bro. Unfortunately, money has already been lost. If I remember the numbers correctly, he has already paid himself in excess of $500,000. In other words, he took the $500 paid by 1000 people and paid himself. They aren’t seeing that money again. If I were one of the people that donated I would demand to know what had he done to warrant that type of payout.

The other question I would have for you is, what did/do you expect/hope to gain from your initial investment? Do you believe it is possible for that $500 to double? Do you believe that $500 will actually make you any money? Again, genuine question for the purpose of discussion.

 

[theworldismine13]

I definitely appreciate you breaking down your point in detail. Respect.

I get where you are coming from but I just don’t see it turning out positive at all bro. Unfortunately, money has already been lost. If I remember the numbers correctly, he has already paid himself in excess of $500,000. In other words, he took the $500 paid by 1000 people and paid himself. They aren’t seeing that money again. If I were one of the people that donated I would demand to know what had he done to warrant that type of payout.

The other question I would have for you is, what did/do you expect/hope to gain from your initial investment? Do you believe it is possible for that $500 to double? Do you believe that $500 will actually make you any money? Again, genuine question for the purpose of discussion.

thanks for your questions, those are legitimate questions

Like I mentioned before Jays marketing has been horrible. His marketing comes straight from the the rap music world and the MLM world and the used car salesmen world. I understand why he triggers people.

But on the other hand I understand why feels the need to do that because the people that normally would invest in that type of company are not going to invest in him because he's point blank young and black and inexperienced at those levels. The only people that would take a chance on him are the hip hop world and the MLM world

the levels I'm talking about is the world of accredited investors and venture capital. Very few people operate at the level. These levels are where the facebooks and googles are funded.

So obama passed a law that allowed smaller companies to raise money from regular people as opposed to just accredited investor. So these companies have come under that law, the technical name is Reg A, Tier 2 SEC Publishes Report on Reg A+: $2.216 Billion in Tier 2 offerings, Mostly Real Estate

one of the main things that people are 1000 percent wrong about and why I can tell they are full of shyt is when the minimize what Jay did by getting SEC approval. He probably shouldn't brag about as much as he does but that's an incredible accomplishment and it's a blue print for further black economics, it really concerns me that people don't see this. What Jay did was absolutely incredible and he needs all the credit for it and people should be copying him especially black people with innovative ideas. If we start using these laws to cultivate an ecosystem where black entrepreneurs can raise millions it would be great, just like in the VC world most would fail but one will strike gold..... but that's just a dream for now

so anyways

So regular people are allowed to invest in these Reg a companies but the world these companies exist in is just a mini version of the venture capital world. And in that world the horizon is about 1-10 years and people don't invest their nest egg, they invest extra money they have

so if I look at my 500 dollar investment as a mini venture capitalist, which I do, I don't really have a problem with the idea of waiting years for my investment to make money.

the other way investing in TREF makes sense is if it's part of a diversified investment strategy. So in that case you would put the bulk of your investment in safe investments and a small percentage in high risk investments like TREF or other companies you find on wefunder and seedinvest or a friend that wants to open up a restaurant, these are all things that are appropriate if you have a diverse portfolio

as far as the pay, I don't think that's a sign of a scam per se, management usually overpay themselves

a lot of the anti Jay rants are emotional and filled with innuendo and ignorance about how companies raise capital, and admittedly Jay triggering people with horrible marketing but nobody has shown the paperwork that proves it's a scam, jays paperwork is squeaky clean

I am willing waiting to wait years, if TREF eventually makes money and gives out a dividend then I would invest more in it. If it never does, I would take the loss. I don't look at TREF any different than other wefunder.com projects I put money into.

 

[Conjiggle]

thanks for your questions, those are legitimate questions

Like I mentioned before Jays marketing has been horrible. His marketing comes straight from the the rap music world and the MLM world and the used car salesmen world. I understand why he triggers people.

But on the other hand I understand why feels the need to do that because the people that normally would invest in that type of company are not going to invest in him because he's point blank young and black and inexperienced at those levels. The only people that would take a chance on him are the hip hop world and the MLM world

Good discussion bro. We can agree on his marketing tactics. It was definitely aimed at a certain segment of our community with the intent of selling dreams bigger than reality in order to drive donations/investments.

Where I disagree is that it is not a scam. I don’t believe the structure of the fund itself is a scam. In the right hands it could work. However, I genuinely believe that a blind eye can’t be turned to blatant deceptive marketing. That in itself is a scam. He sold a lot of people dreams of being rich and buying back the block.

In my opinion, his marketing tactic is no different to those used by mega church leaders. Most people wouldn’t identify these mega churches as a “scam”. The government also does not legally view what they do as criminal. However, you could argue that these mega church pastors that are still screaming for donations during a pandemic are leeching off their congregation for the betterment of themselves.

Creflo Dollar is one of the primary examples I use in this argument. His church is in the middle of what many people would classify as the hood. 90% of his congregation will be depending highly on that stimulus check as a means to get by. Majority of them, like most Americans, are one pay check away from falling on hard times. And despite the financial demographics of the congregation Creflo is able to live in mansions, drive high end luxury vehicles (think RR’s and Bentley’s) and travel by private jet.

As we agreed, what Creflo does isn’t illegal based on the letter of the law, but it is morally disgusting in my opinion. I view Jay in the same light. The fund structure may not be illegal, but he is definitely looking out for his own best interests while painting this image of being the black communities real estate savior.

the reality of it is this - Jay greatly hypes up his real estate knowledge and holdings. I work with a number of investors that individually own more property than him and TREF combined. And these aren’t super rich people either. Jay seems big to a group of people that are looking for hope in a sense. And he knows that and plays on that. I just can’t respect it bro.

He intentionally targeted the group of people that he did. For the most part, his “investors” (they really just made a donation) do not own property and are quite a ways off from being able to do so in their individual lives. He chose to use that marketing technique and target that crowd. Not saying he could have successfully target the 1% in the country, but he definitely could have had some success targeting middle-upper middle class folks. He didn’t because, with all respect, they tend to have slightly better financial sense. It’s harder to sell people dreams about eating when they have food to eat already.

 

[theworldismine13]

Good discussion bro. We can agree on his marketing tactics. It was definitely aimed at a certain segment of our community with the intent of selling dreams bigger than reality in order to drive donations/investments.

Where I disagree is that it is not a scam. I don’t believe the structure of the fund itself is a scam. In the right hands it could work. However, I genuinely believe that a blind eye can’t be turned to blatant deceptive marketing. That in itself is a scam. He sold a lot of people dreams of being rich and buying back the block.

In my opinion, his marketing tactic is no different to those used by mega church leaders. Most people wouldn’t identify these mega churches as a “scam”. The government also does not legally view what they do as criminal. However, you could argue that these mega church pastors that are still screaming for donations during a pandemic are leeching off their congregation for the betterment of themselves.

Creflo Dollar is one of the primary examples I use in this argument. His church is in the middle of what many people would classify as the hood. 90% of his congregation will be depending highly on that stimulus check as a means to get by. Majority of them, like most Americans, are one pay check away from falling on hard times. And despite the financial demographics of the congregation Creflo is able to live in mansions, drive high end luxury vehicles (think RR’s and Bentley’s) and travel by private jet.

As we agreed, what Creflo does isn’t illegal based on the letter of the law, but it is morally disgusting in my opinion. I view Jay in the same light. The fund structure may not be illegal, but he is definitely looking out for his own best interests while painting this image of being the black communities real estate savior.

the reality of it is this - Jay greatly hypes up his real estate knowledge and holdings. I work with a number of investors that individually own more property than him and TREF combined. And these aren’t super rich people either. Jay seems big to a group of people that are looking for hope in a sense. And he knows that and plays on that. I just can’t respect it bro.

He intentionally targeted the group of people that he did. For the most part, his “investors” (they really just made a donation) do not own property and are quite a ways off from being able to do so in their individual lives. He chose to use that marketing technique and target that crowd. Not saying he could have successfully target the 1% in the country, but he definitely could have had some success targeting middle-upper middle class folks. He didn’t because, with all respect, they tend to have slightly better financial sense. It’s harder to sell people dreams about eating when they have food to eat already.

yeah well we have to disagree, I think equating equity crowdfunding with a church or a random real estate investor is crazy and shows ignorance about the significance of what Jay achieved

nobody has lost any money and there is no sign that the fund is collapsing

 

[Problematic Pat]

People are blatantly making shyt up at this point.

 

[Conjiggle]

yeah well we have to disagree, I think equating equity crowdfunding with a church or a random real estate investor is crazy and shows ignorance about the significance of what Jay achieved

nobody has lost any money and there is no sign that the fund is collapsing

Fair enough. Nobody has made any money either. Worse still, none of the people that donated are able to pull their money out. Not sure how that doesn’t equate to people losing money.

We shall see how it plays out. Good luck though bro!

 

[invalid]

Jay Morrison on Instagram: “JOIN OUR COMPANY AS A CO-OWNING PARTNER BY 4/29 STARTING AT $500 TO OWN REAL ASSETS www.InvestWithTREF.com [Link In Bio] #GroupEconomics…”

^^^^^^^^

It doesn't sound like the fund is shutting down. It sounds like the "crowdfunding" portion of capital intake is ending. But he can still bring capital from institutional investors.

 

[richaveli83]

The brother comes across as a con man.