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.
57 ‘Scott Yancey’ Reviews
I signed up but, will cancel
I've read all of the reviews and found them very useful. My gut instinct going into this was that it was going to be exactly as most of you said. But, after listening to the presentation, I found it to be reassuring and I signed up.
The main presenter was very good and he reminded me of the guys selling Time Shares. I signed up with the understanding that I have three days to cancel. To add to that, they offered to return my money after I purchased the first property and made money. Since I'm already going to purchase a property I thought that I had nothing to lose.
The main presenter left right after his presentation for a flight to parts unknown so, no one could answer the questions. I thought that at least I would get all of the valuable information that they would provide during the three day seminar.
Now after reading the reviews, I have decided that it's not worth my time. I just downloaded a free Flip book and will read that instead.
Thank you all for your very honest and educated opinions.
Scott Yancey scam
Everything everyone else said in their reviews is true. I didn't buy in but the seminar lasted over 3 1/2 hours and I paid for parking which they didn't reimburse. When I went to leave the people were rude and there was no free camera. Just a mail in card for an MP3 player. Also one lady purchased something that was supposed to give you $1500 discount off first purchase of a tax lien. However it wasn't $1500 it was 15 $100 discounts which means she would have had to buy 15 liens to get the $1500 discount. Fraud......all the way!
We Signed UP
We did sign up for there Diamond Package and have become a part of their "inner circle" . Every week we are working one on one with one of Scott's coach's, same person each week. This person does education and give us homework to walk us thorough and teach us how to do this. It is up to us to do. If we do not do the homework and use the tools they are teaching us, yes we will fail and the money we invested with be a waste. There is NO free ride. However since signing up we have been in close contact with his group through email and personal phone calls helping us set it up. Let me ask you this? If you were to start a business and that is exactly what this is, they are teaching you to do your own real estate investment, would you expect someone to come along and give you all the teachings and training and set you up for free. Come on!!! No I do not work for Scott Yancey but I have signed up for his program and so far they have delivered all they have promised. We will be making a trip to a buying summit in Vegas all paid for by our investment and a trip to Utah, all expenses paid for, for an "Inner Circle" conference. People you are starting a business here and starting any business comes at a price unless you really have the background and knowledge and time and some experience in business to do it all on your own. We did not. All I can say is they have delivered all they have promised and we are in touch with them continually either one on one with our coach or through their education center that does give you all the classes 24/7 and connections to their help line with hours everyday that run into the evening and weekend hours being a little more limited. They deliver on all the tools you need. I think you are all looking for something for nothing and folks that is not going to happen if you want to start a business and get it off the ground. As I said they have delivered and are continuing to deliver all they promises but it is up to us to do the studying, learning and use the tools they are giving us to be successful and that folks is up to us. Believe me I am as much a skeptic and still am and question everything but my husband and I did this because if you do not put one step forward sometime and move to get out of the spot you are in, life will never change. You will go away from the seminar thinking and feeling it is a scam and go back to your life as you know it and nothing will change, sometimes you have to step out and take the risk. Do you think any body who is somebody and has been successful did it without risk. I would say no because without stepping out and being will to take a risk your life will never change. It is as simple as that and that is why there are people who sign up that are interested in investing in this kind or business or there are people that go home and back to life as they know it. It is up to you. Again I have invested in Scott Yancey's program. I DO NOT work for him and no I have not been brain washed either.
Scam, waste of money
My experience was similar to the other posters. Their lure to get you to go to the freebie seminar with a promise of a free digital camera was outright fraud. They claimed that we would be mailed a digital camera and that there was a shipping error. All we received was a cheesy little mp3 player that looked like it came out of a gumball machine.
I am embarrassed to admit that I was snookered with their pitch into buying the $2000 package for the 3 day event. You may as well just throw you money out of a window. If you try to ask any questions such as "Hey all these rental income opportunities sound fantastic, but from a risk perspective, what about vacancy rates? I mean you still have to pay the mortgage if you have a loan."...They would not answer my question and instead came back with a famous quote that criticized me for being negative...
They also quote Warren buffet alot, but if you know anything about Warren buffer, he is extreme risk adverse. Part of being a successful investor is fully understanding the risk involved. At these seminars, you are not allowed to ask about or talk about risk.
Even when I met with my private consultant for 10 minutes, he pegged me for a negative Nancy and he asked me if I really wanted to be here and then implied that if I left, they would refund my money. Part of me wanted to stay and I also didn't believe they would just give me my money back that easily.. So I stayed.
After the fact, I now believe that I was offered my money back if I left, not because they would really give me my money back, but because they wanted to purge the room of any skeptics since on the third day they pretty much try to hard sell you into buying a package ranging from $20-40k and they do not want anything to get in the way of them convincing suckers to fork over their money.
I kind of feel bad because there were many elderly retired people there that did end up buying the advanced packages. When you sign up for the $2000 package, they make it seem as though that is all you really need to get started, but by the third day our "mentor" was telling us that we would never succeed without purchasing the much more costly education.
The cheesy part was at the end of the second day, people were asked to categorize themselves with respect to purchasing the advanced packages. A - Definitely going to do it; B - Maybe I will; C - Definitely not. We were asked to give this information before we left the second day. I picked C because I had just bought a house and could not afford it and also, I believed it was a scam.
When I came in on the third day, my name tag had been moved to the very last row instead of up front where I had been. Apparently, if you picked A, you moved to the front so they could focus on you, and the ones that were unsure or said no, were then pretty much ignored for the third day.
When we came back from lunch break on the third day, there were several people, mostly elderly couples wearing "V.I.P" stickers on their shirts... this meant that they had purchased the $40,000 package. I felt sorry for them - like they were wearing a "I'm a sucker. Kick me!" sign almost.
Also, at the end, they swiftly concluded after they had gotten everyone to sign up that was going to, and they asked everyone that did not purchase a package to leave so they could meet with the ones that did buy for a few more minutes privately. We got to say goodbye and thanked for coming outside the conference room in the hallways at the hotel. Talk about feeling like second class citizens!
I hope state attorney generals start going after these people for their misleading fraudulent practices. I am surprised that Scott Yancy and some of the others would allow their names to be associated with this shady bunch of scam artists.
BUYER BE WARE SEMINAR
I have been investing in real estate for 10 years. Just attended the 3 days seminar in Hollywood, Ca. At the free similar, we were told not to buy real estates retail thru mls, auctions or real estate agents. That would be the retail way that everyone is doing. Instead, go to the $1997 seminar and learn how to get good deals thru inside information. Scott relation with the bank which regular people don't have. That was never mentioned at the seminar. They also bait us in with other real estate teachings as well but did not delivered. We were told not to pass business cards around or network informations to each other. Not to ask questions during class. It seemed really shady and they have a lot to hide. They promised to teach a lot about real estate but offer very little. They spent 70% of the time trying to brain washing you to buy 20000-60000 advance package training. They recommended we buy these packages as well as real estates from 401k, Ira, credit cards, friends and family. It's outright ridiculous and dangerous. I found this 3 Days paid seminar a waste of precious. Next time, if something sound too good to be true, it's probably is. Do not go to this seminar. Read a book in real estate instead. You will get more out of it.