Most was paid to the Jay Morrison Academy for the marketing
Jay also loaned a company he owns 35% of with TREF funds.
He also has increased his management fee, and it has cost over 590k in two years
That company he loaned money to that he owns he also loaned it to them at an 8% interest rate when his usual rate for other companies was 15%.
I don't keep up with this stuff at all but I follow Jay Morrison on IG (I've been tuned him out years ago) and he posted this in response I guess
This is not a response though. He didn't address a single point that was made.
Why was the management fee raised from 5% to 5.5%?
Why did you loan a company you own 35% of money from Tref at an 8% interest rate when your typical interest rate for other companies is 15%?
Why is Jay Morrison Academy in a marketing deal with Tref in which you paid JMA $300k-$400k in "marketing expenses". And your own JMA marketer has said he did no work for Tref yet his paychecks were being made out from Tref?
Why do you only have 2 employees yet $600k in management fees?
Why in after two years and $14 million raised have you only ever bought 4 properties?
Why in 2 years you only made on $3k in rents?
