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.
46 ‘Scott Yancey’ Reviews
I signed-up for their 3-day seminar, because of Scott Yancy's show Flipping Las Vegas and living here in LV. However, after coming home and doing lots of research everyone had the very same story they just want to sell you more training, that was never stated at the event. Knowing I could not afford any additional moneys I called their Customer Service on Sunday morning within the normal 72 hour window to change your mind, leaving a voice message stating if they were going to require additional money for a mentor, working with me to close my first deal, etc. I wanted a full refund. Getting no return call I called again on Tuesday leaving the same voice-message someone did call back leaving me a message that my attendance at the seminar would be cancelled, however, nothing about my refund. On Friday morning, May 3, 2013 I went to the seminar and spoke with a Scott A. before the seminar began explaining my concerns I live on a fixed income and cannot afford to be out any additional money. He told me to return the kit (CD's) to him and I would get a full refund. I went home typed a letter outlining all the details and went back to the seminar Saturday morning giving back the CD's as requested by Scott A.I also requested he sign my letter as proof that I returned the CD's., which he did!
I called my credit card company today to see if my account had been credited the $2k nothing, I then called their Customer Service and spoke to a Leslie it appears they have no record of my return I explained I have a signed letter from Scott A. and if she would give me her e-mail address I would forward her a copy a proof, she told me some else would call me to day or tomorrow she asked me for a return reference number and again I told her I only have my letter signed by Scott A. as proof I returned the kit.
I will not allow them to take my money, if necessary I will take this to our local news.
Scott Yancey Real Estate Seminar
Do NOT purchase the $2000 seminar at the end of this event!! Make sure you think about it for at LEAST a day!!!
During the seminar they completely tap into your emotions and ask you to purchase immediately for $2000. I am a salesman myself and I can admit, they have a great pitch.
Things to consider:
1.Margins: In the presentation they explain to you that you will be able to utilize their money to flip houses. They say they will only charge you a small % to utilize. Sounds great but The problem is they are charging you a % on the money they lend you and not the money you make on the deal. If they lend you 150,000 they give you 2% of that cost. They will show you big examples of making $50,000 + on a deal with 10,000 closing cost then and you will only pay them around $2,495. Think about how hard it is to make a 50,000 commission. Ask yourself if so many people are doing so many BIG deals why don't they split the profits? Probably because margins are not that good.
2. Inside information / Finding buyers: They claim that because Scott is such a frequent buyer of real estate he has the knowledge on which banks are failing and NEED to sell their houses. Which I am sure he does. The problem with this is in order to do a deal you need to find big buyers by attending housing auctions. My question is: Do you think Scott has information that other big buyers don't? One other thing on this, they claim you are not supposed to purchase houses at auctions because it "gets emotional." then they ask you to purchase a $2000 3 day seminar on pure emotion and impulse.
3. Questions - This is the BIGGEST issue I had with the whole deal. It is VERY OBVIOUS they don't want to answer questions while everyone is listening. They do this because they don't want anyone asking something that might prevent people from purchasing the seminar at the end of the event. They say "we'll take questions at the break" this way any objective type questions cant be heard and sway the minds of the entire group.
Summary: The bottom line is they PRETEND they are making money by helping you make money. The truth is they are selling you $2000 Education. And I truly feel bad for some of the vulnerable people who know nothing about real estate and they think this is their ticket.
DON'T BE VULNERABLE AND PURCHASE RIGHT AWAY. WAIT AND THINK ABOUT IT FOR A COUPLE DAYS. IF YOU STILL WANT IT AND ARE WILLING TO COMMIT. BY ALL MEANS GO FOR IT.
Scott Yancey Real Estate Seminar
We attended the preview "seminar." We found the instructor to be condescending, talking to us as if we were idiots. He droned on for two hours before giving us a break. The graphics on the slides were poorly done--very amateurish. (I would think that a company that claims to be making so much money would be able to afford professional graphics.)
The presentation after the break was to last another hour. They gave us the "opportunity" during the break to sign up for the three-day workshop. Since I am the type to check things out before spending a large amount of money, I declined.
It was so bad that we, along with several others, left before the second part. I think a person could do better elsewhere.
Scam of the century
I was there and all I can tell you that they wanted to sell the 3-day training for 2k. Investing with no credit no money is just a joke. Don't walk, run away.
Scoot Yancey Scam
I am a full time investor, always looking for new ideas. My real estate broker and I were thrown out of the event for asking questions. The presenter felt threatened by us. We made it 36 minutes before being asked to leave.