About Scott Yancey
Scott Yancey is one of the stars of the A&E television show, Flipping Vegas, and the proprietor of his own personal real estate investment system, which he promotes through seminars and books.
In his TV show, Scott Yancy, his wife Aimee, and a whole team of contractors purchase houses in the Las Vegas area and then “flip them,” which is a term used for affordable renovations made to a piece of property that will allow you to quickly resell it for a profit.
On his website, ScottYanceySeminar.com, his published biography says that Yancey’s grandfather was a successful real estate investor, who taught him the basics of profitable real estate investment from a young age.
Now Yancey is providing his expertise and knowledge to a wide audience, not only through his TV show, but also his book Go Time, and his nationwide series of seminars, which are described as “live real estate income events” where people can “learn secrets from the pros.”
These seminars are intended to show the attendees how to get started as an investor, how to pick the right area of real estate, how to create profit regardless of the state of the housing market, how to generate monthly cash flow, and more.
The website is very clear, however, that these seminars and informational sessions are meant to give people access to real estate education and investment training. Customers who attend this seminar looking for a ready made real estate business opportunity will likely have complaints, as this will not be the focus of the material shared.
TV stars of shows which focus on real estate flipping often take their information out to the public in this very way, just like the Armando Montelongo study course or the Fortune Builders educational website, which is run by some of the cast members of the show “Flip This House.”
If you have any experience with this website or its products, please leave your Scott Yancey reviews below.
35 ‘Scott Yancey’ Reviews
Add'l $20,000 plus investment
Attended seminar today in Vero Beach, Fl Did not buy anything. Wanted to come home and do review on this company before moving forward.
I am a realtor and most of what they said about real estate is true.However, the financing part is what I am puzzled about. 1% interest rate to borrow their money and a small closing cost. If I have to spend $2000 for this course, assuming I did not get the reimbursement, I can use up to $500,000 per transaction at 1% and make money, then its worth it. WHERE IS THE CATCH! Well they never mention the additional $20,000 plus. Can someone who has attended the 3 days of seminar fill me in. Is there additional deposit?
Please don't do it!
I attended this event in Atlanta as a guest of the primary account holder. I knew from the moment the introductions were made that it would not be a pleasant experience for me. They promote a culture of neediness within the group. They want participants to feel like they can not do it on their own and NEED the assistance and guidance of the "instructors" in order to make it in real estate. The house rules started with "if you are going to be texting on your phone, please come to the back and we can talk about it". Very discouraging. They spent a good portion of the time promoting and marketing their other products including mentoring services and a property research software. They asked everyone to write down and submit personal financial information. They were constantly contradicting themselves.
They used numerous tactics that left participants feeling discouraged and helpless. You can get the same information for FREE in a more encouraging environment by utilizing online tools such as Rich Dad Education and a wealth of others.
Please do not let anyone treat you as if you are less than them. You can empower yourself!
Good Training and Great Material
I went to the training and went in quit skeptical. But after talking to the speakers and hearing the program I was in. I wish I would have gone here instead of traditional college. I have already made 2 flips in 3 months. My first flip was within Scotts tuition reimbursement time period so this costed me nothing.
I can see where people think this is a scam, they show up and think that they are going to make tons of money with no work. its not a scam those people are just lazy. The training works for you if you work for it. I am living proof! I bet more people make money from this then their college degree hanging on their wall, and it took way less time.
I am not saying this is for everyone some people just aren't cut out for real estate and thats fine, but don't call it a scam just cause its not for you.
I knew it!
I knew something was wrong even before I go there. I went with determined mind that I will not fall for anything (been in timeshare sale twice before for the free vacation and never surrendered to those monsters).
I went there and spoke to some real estate people who attended, we all agreed it's a scam. I just feel so sorry for the people who fell for it.. A woman said she was diagnosed with a disease that will shorten her life and she wanted this opportunity to find continuous income for her daughters and she signed up and paid the $2000.. poor woman..
I do not know how these people do this and sleep the night..
Thank god I did not sign for anything.. I wish people read this before they go to any of these seminars..
The second part was about tax lien and tax deeds and I think it was informative but again of course they only show you the good things and hide the bad things, I took many notes and now back home to read more about the whole subject. A friendly advise: go to them, listen to them, learn from them, but never open your pocket to them until you go back home, read about it everywhere, and you will see that just as they did it, you can also do it, and even better than they do :)
Typical presentation (part 2)
Part 2. Please read part 1 first
Excellent pressure! Prays upon basic human emotional instinct. Here are 10 red flags that were clearly visible.
7) Rushing back to your seat, you hear part 2 on investing in Tax Liens. "It will be faster", they promise. Yes, instead of 2 hours, it's only 1 1/2 hours. The time is 12:30pm. You are physically, emotionally, mentally deprived of your senses, then you hear about this price. Only $1497! BUT, they will give you $1500 back on in credit to help you with your transactions and make it FREE for you. (You find out later, it's in the form of fifteen $100 discount coupons) Again, rush to the back. There are 15 of you that want this, and only 6 available... (Go now, fight, quantities are limited, hurry)
8) A little before 1pm, the group is finally allowed to go after a final 10 minute wrap up. Most of the audience stuck around for the free camera. A few are chastised for interacting with each other in the back of the room. The group is divided in two. Those who have, and those who have not. Now this is important! You don't want to have the two groups interact. The "haves" must not be influenced by the negative have-nots as they may change their mind. The have-nots can still be influenced to purchase, and this is a last ditch effort for the presenter to hard sell, lower the price or somehow reach this group of naysayers.
9) I was one of the "haves." I'm already doing real estate, and was particularly interested in using Scott's $500,000 to finance my deals. And I knew that after walking out, I would have 3 days to rescind the contract in which I would do my due-diligence and research the company. After reading these reviews and seeing the small print on one of the slides that stated "results are not typical.." And something about some members go for more training... I realized the investment is minimum and more would be needed if I wanted to succeed. I concluded it was a scam to get more money. $20k to $60k? Wow.
10) I will NOT be attending the 3 day training. I already called my credit card company. They said it has not appeared on my account yet; it's been less than 24 hours. I will call the Scott Yancey cancellation number first thing tomorrow. If they still intend to charge my card, my credit card company will dispute the charge.
In conclusion, Scott probably has good ideas and the business could be done. BUT, when you sell your idea, and more money is made off of the idea and concept through books, seminars, presentations rather than the actual product itself, then that makes it a scam in my book.