Scott Yancey review
For those of you that are only beginning to learn about Scott Yancey and his work, you should be prepared. You’ll read numerous negative comments about what he does.
For many years now, choosing to invest in real estate has brought along many good financial results for numerous individuals. Of course, such outcomes do not come out of the blue. There are certain strategies that you need to implement in order to get the best out of this financial opportunity.
The key methods are available everywhere in the online world, but there are certain aspects that only few people know. Take ‘Flipping Vegas’, the TV show that exposed several real estate investing techniques throughout the period between 2011 and 2014, when it as on air.
Anyone can still see it online to learn about some insights in this field, as explained by the show’s star Scott Yancey. Moreover, he also went further by launching his seminars of real estate investing. All across the country, he aims to help others achieve success.
Each class teaches about certain strategies that have proven to be successful in making ‘money work for you’. there are four key elements that Scott talks about in his seminars, although other subjects are explored, as well.
These four themes are:
- residential real estate
- commercial real estate
- tax liens and tax deeds
- multiple income streams
However, there have been voices stating not so supportive feedback. Is this really what you get out of these seminars?
We all know that these days, online feedback or reviews can be made up. You might wonder if this is doable in such a big number. Well, it can be done and nobody has any clear warranty that all the bad reviews about Scott Yancey are actually true.
It all boils down to figuring out who can really benefit from these seminars he offers. This article will answer such questions, but let’s start off with some more detailed information about Scott Yancey.
What you need to know about Scott Yancey
‘Flipping Vegas’ was the TV show that helped Scott Yancey get launched to fame. Along his wife, Amie Yancey, who is a designer by trade and a real estate agent, Scott buys, renovates, and then sells various properties around the city of Las Vegas.
Prior to being a part of this TV show, Scott Yancey worked as a real estate agent from quite the early age. When he was just 14 of age, he got the chance to buy a second deed of trust for a home mortgage. This is how he became a runner for real estate attorney Walter J. Plumb III while still attending college.
From what we learned, Scott has lived in Vegas since 1994. Starting 2008 he started his own real estate brokerage and investment firm, Goliath Company. It was launched to deal with investment properties buy and hold approach, including retail department stores in Las Vegas, NV, Provo, UT, and Tempe, AZ.
So the man clearly holds, at least in theory, a certain level of experience in regard to this investment field. So what about his seminars? Why is it that so many people have only bad comments about his work?
Keep on reading to learn more about what attending one of his seminars feels like.
A Scott Yancey’s seminar experience
In January 2016, Scott Yancey organized one of his seminars, where he detailed more on the work he does and what he has to offer through his classes. His system offered his attendees payment for airfare and hotel stay.
You had the chance to spend some time with Scott Himself, but no other special treatment or compensation in return were offered.
Before going deeper into what one of his seminars feel like, we’ll list the different types of events that he provided his clients with. There are two basic seminars, ones that are free, also called ‘previews’ and the paid ones.
During each type of seminar you are exposed to different information and here’s what a preview focuses on:
- getting your investment in real estate off the ground
- understanding what are the best areas to invest in
- maintaining profits for any investment you make
- creating a passive monthly income, or ‘big monthly paydays’
The paid events, those that provide clients with a much detailed and broader understanding of various topics, focus on:
- boots on the ground
- the buying summit
- inner circle
- on-demand training
- seller financing boot camp
- residential rentals boot camp
- quick cash boot camp
- cash flow boot camp
- PropTrend real estate software
Out of all these, we had the chance to learn more about what a Buying Summit event felt like.
A friendly, optimistic, and energetic vibe was all around in the first greet sessions. Everyone seemed comfortable and ready to enjoy a good day.
What we found really important to keep note of was that even though all the classes have his name, Scott Yancey is not precisely the main star. A company located in Utah uses Scott’s strategies and brand for achieving their marketing purposes.
Throughout the day there were many contexts where we were exposed to some significant amount of up-selling. However, we found it relevant enough to the topic.
Adjacent to the room we were in, there was another space where various companies offered their expertise help. These were like other relevant resources to guide you in understanding how you could grow your business. Access was granted all day long.
We noticed that the parent company was associated with Lear Capital. A lot of debate was done regarding precious metals, IRAs, resources, and even brain supplements.
At any point we didn’t feel like we were pressured to buy something in some way or another. The general atmosphere remained laid back.
The event started with an introduction of how Scott began his journey, but only after we watched some footage from ‘Flipping Vegas’. So we listened to him talking about what motivated him along the journey and his explanation of his ‘your network is your net-worth’ motto.
All this happened in quite the humble manner, without arrogance or superiority whatsoever.
The core of Scott Yancey’s seminar
Following his introduction, Scott Yancey continued to present the essence of his seminar. He detailed on buying low, selling high, the triggering criteria that make the housing market to go up or down, and also on the massive waves of growth.
We were also exposed several elements of what diversifying your real estate actually means. He talked about what it’s like choosing between options such as single-family homes, land, apartment buildings, and even stock options.
This was followed by more talk on other various real estate fundamentals, such as:
- market stability
- rates of unemployment (i.e. when there are available jobs, the housing market goes up, and vice-versa)
- the housing industry (from early times to the present ones)
- comparables in the area
- rising sale prices
- shrinking inventory
When it was relevant, participants were also informed on tax regulations, what to do and not do, how to file for a non-profit status, and even more. In order to help attendees finance various deals, there were lenders on-hand that, regardless of credit score, would provide their services.
This is how participants were able to get their first property under professional guidance.
A general opinion we made was a good one because we were exposed to really useful information, considering our non-real estate investors position. It somehow helped us put things in perspective.
One on one with Scott Yancey
We had the chance to meet Scott in person, after a delicious launch. Those 20-30 minutes that we got to spend with him showed us a humble, down to earth kid of guy. It’s true that ‘Flipping Vegas’ often times portrays him like a genuine jerk, but we all know how television is done these days, right?
Asked about how his seminars on real estate can really help people, he made a connection with what having a gym membership means. As you purchase one, you’re granted full access to a group of experts.
They can coach you, mentor you, and even keep your accountability, in order to guide you towards achieving your goals.
Of course, getting your dreams come true will require some effort and hard work. you will never get results if you just get a membership, but choose not to use all of its available tools. This is how he briefly explained the usefulness of his classes on real estate investment.
What other participants had to say
The vast majority of the people we got the chance to talk had only positive feedback about attending the seminar. For instance, some mentioned that while they themselves did not need that whole amount of motivation, they could clearly sense the need for it.
Other participants, who were only beginning this journey of real estate investment, thought that, overall, the class was informative and well organized. Moreover, some people with more than 30 years of experience in real estate, had no regrets about participating at the event.
Some final thoughts on Scott Yancey
There are numerous complaints regarding Scott Yancey’s work and the Internet is filled with them. Most of them talk about too much high-pressure sales tactics and the fact that a lot of basic information, which is hand for everybody online, occupied too much time within the class.
In regard to the first complaint, we didn’t notice any harm done with the amount of up-selling. There was no ‘high-pressure’ in them, as we got to observe.
Even though we are not real estate investors, the information we were exposed to did not seem basic at all. As a matter of fact, you had to hold some level of experience in order to really understand what they were talking about.
It’s true that the Buying Summit is kind of a high-level event and so all the information Scott provided us with seemed to be pretty much exclusive. However, there are chances that you might find it elsewhere, as well.
The key idea is that you won’t become rich after attending one of his classes, but it can help to learn more about readjusting your strategies. If you use the available tools and the whole system you should be on the right path.
Finally, we believe that Scott’s seminars are not a scam and that they could really be of great help for those that truly want to learn more. These can help you either launch a decent real estate investing career, or to maybe even uplift your existing one. Just put in the work and you will get your desired outcomes.