Scott Yancey Reviews

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.

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63 ‘Scott Yancey’ Reviews
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1 Review

It is not scam

Reviewed By Shil Nzhoo Diaz on October 28, 2014

This program is not a scam.. with that said people need to be smart when investing. If you don't have at least $200,000 to play with the Scott Yancey program is not for you. They will ask you for your 401K and IRA funds. Really Do you want to risk your retirement? They also asked you to get a second mortgage and increase your credit card limits. By the end of their training you're over $45,000 in with no warranties. Keep in mind that if you borrowed that money you need to start paying back within 30 days.
Second step you will be buying a house and fixing it in order to flip it. Really, Do you have another 100,000 for that. Let's look back for a second the team that they ask you to put together don't work for free they want to be paid for their work. Only on TV and in very rare occasions you could flip a house within a 30 days. Now reality check you need time for repairs your contractor will tell you how long is going to take (will also want some money in advance) lets said 6 weeks then your realtor will have to list the property and base on a market comparison determine price range(by the way you need to know this before buying a property)
then wait for a buyer could be fast or not. Yes it is true that their are investors that are looking for properties to purchase in order for them to RESELL THEM, YOUR MARGIN WILL BE MUCH LESS. So unless you have money to invest that you could part with do yourself a favor and stay away from this investment opportunity. You will end up in bankruptcy court.
Oh yeah don't forget that they will let you BORROW 500,000 key word BORROW AND THIS MONEY IS JUST LEND TO YOU FOR A FEW MONTHS TO A YEAR. DID I MENTION BANKRUPTCY COURT.
I'm not trying to kill your dreams but if you don't have money that you could disposed of it and not miss then don't do it.
They will also try to get you into buying and selling property liens another $1500 for them.

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1 Review

Attended Yesterday in Sunnyvale CA and Agree With the Others

Reviewed By Philip Taylor on October 13, 2014, Sunnyvale, CA

I concur with the other posters in this blog regarding the Yancey training. The first red flag for me came when I was asked to fill out the registration form and it asked "Are you willing to use your IRA or 401K funds" for their investment program or words to that effect. Then they later claim in the presentation that you will never need to put any of your own money down (except for the course fee). That does not square. I recommend all to avoid this outfit. I also want to post a general reply to someone who calls himself "Not stupid like most" who has posted snarky replies to many of the other posters who have shared their experiences:

Well "Not stupid like most" --- I prefer people who are honest and humble enough to admit they made a mistake (or the more fortunate ones who ALMOST made a mistake) and are willing to share their experiences (even through their embarrassments) for the benefit of others - to someone like you who has this superior conceit of himself as the smartest guy in the room. Your comments have no value - by contrast theirs are a service to the rest of us who might have gotten scammed but for the warnings.

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1 Review

dummies only buy this scam,,,lol

Reviewed By Fabio Cars on October 8, 2014, Arlington, Texas

I attend to this fake scam seminar on 10/07/2014 with my wife on Cleburne, Texas. After I heard one hour and half presentation I found it was a completely scam. They ask for money $ 1,995 for attend to three days seminar and they promise you 1% borrow for money. So it no makes sense to me to charge you $1,995 for three days seminar, where is your money go, instead they give you a cd where you find all secrets of real estate. I have been on real estate and mortgage, and no investors make a lot money is gonna show you secrets for $1,995 it makes sense. They send me a invitation with free tablet and digital camera and also free lunch. I don't have any of those, instead my wife treat my lunch...lol. No cameras no tablets, nothing, so can you trust someone they told you something and no offers nothing. Don't be fool, dummies is a 100% scam.

JC

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Scam guys looking for dummies with some money....ie YOU !!!

Reviewed By Geoffrey Smith on September 14, 2014

Sort of a bait and switch for the gullible
Their promotional "gifts" are worthless, the food crappy at their event "classes". And their upsell to their "programs and services" pathetic.
Do not waste your time

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1 Review

I GOT SCAMMED

Reviewed By Scammed on September 11, 2014

Please Don't Fall for the Scam!!!

Go ahead and call me stupid and that I deserved it. I fell for the sales pitch from PMI. These are the same people associated
with Yancey, Dean Graziosi, Flipping Boston, and others.

I bought the 2000 dollars 3 days workshop training and was stupid to paid for the Gold package because they scam me
into believing I needed to go to the Boots on the Ground. I went to Boots on the Ground thinking I would get needed info
to work wholesaling. All they gave was a book, and a slide deck.

I have much regrets that I paid 19,000 dollars for general info that you can get in a book. Nothing worth that kind of money.
They have an advisor hotline which are probably paid students reading off a script. What kind of investor would have time to
answers phone on their hotline? The trainer that I had for Boots of the Ground barely have time to repond to my email.

Then after two weeks, they called back and say that I can earn money faster with another program which will cost me 5,000
to 10,000 dollars.

The vegas summit offers done deals with properties in low income areas in Detroit, Cleveland, and Kansas City.

So my goal is the warn all of you who that you will not receive all the specific details to work this business. You need
money, luck, and you have to figure it out yourself. Their training will not give you all the specifics.

If you have money, the best thing is to take your money and find someone you know who does wholesaling and paid them to mentor you.
These people are far away and they don't care once they have your money.

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