Scott Yancey Review Intro
Investing in real estate was a route to riches for a lengthy period, but it was not until the launch of favorite TV shows such as A&E’s “Flipping Vegas” the strategies utilized by those business people–along with the trials and tribulations they had –were on display for all to view (and possibly learn from).
Depending on the TV show’s victory, “Flipping Vegas” celebrity Scott Yancey established his lineup of real estate investing conventions hosted all over the nation, so he can help others succeed. How? By instructing proven investment plans about how to create “your cash work for you.” While these seminars each can teach articles that is different, Scott targets four areas:
- Residential property
- Commercial property
- Tax exemptions & tax action
- multiple income flows
Is this exactly what you get, though? If you just started exploring his conventions and Scott Yancey, we will be upfront: you are likely to encounter a great deal of reviews that are negative –such as here. However, is this comments justified? What do we learn from it (here is a hint: If your primary objective is to receive a complimentary lunch or find out whatever you want to know in the free convention, you could wind up disappointed)? And with work for?
We are going to address these questions that are essential –the reason we came we did and clarify. Let us start by talking about Scott Yancey himself.
Who’s Scott Yancey?
As we mentioned previously, Scott Yancey initially rose to fame as the star of this A&E TV series “Flipping Vegas,” which follows him along with his spouse Amie Yancey (a designer by trade and successful realtor in her own right) across town as they purchase, renovate, and sell unique houses for gain. Presently, the series is at its fifth period (on air as 2011).
Scott was involved in real estate, before getting a reality TV character. In reality, he bought another deed of trust for a house mortgage when he was only 14, and also became a runner for property lawyer Walter J. Plumb III while at college.
Though he has lived in vegas since 1994, it was only in 2008 that Scott established his property brokerage and investment company Goliath Company, that”focuses on investment properties buy and hold strategy,” for example retail department stores Las Vegas, NV, Provo, UT, and Tempe, AZ..
What about the conventions of Scott Yancey? We had a special chance to attend one, take some notes, and also talk with the guy, that is what we’ll talk.
Our Scott Yancey Seminar Expertise
Dependent on the sum of consumer opinions, Scott Yancey and his staff invited us out to one of their conventions in January 2016, with the objective of giving us a much better idea about what they’re about, what their attendees experience and much more. We are going to cover a few of the highlights in this segment.
Notice: In the interest of complete disclosure, the business paid for our airfare and hotel stay, even though a number of the pupils in attendance might have obtained exactly the exact same. And besides a small time with Scott, we had been given no specific treatment and no compensation was received by us.
Kinds of Occasions
Before we dive in, it is very important to outline that there are two standard kinds of Scott Yancey occasions: free (also called “trailer”) occasions and paid occasions, each of which concentrates on different info. Preview occasions focus on:
Obtaining your property investment away from the floor
Selecting the best places to purchase
strengthening your investments consistently Stay rewarding
Generating passive monthly earnings or “large monthly paydays”
On the other hand, Scott’s paid providers and occasions concentrate on a range of subjects
- Boots on the Planet
- The Purchasing Summit
- Inner Circle
- On-Demand Training, which comprises:
- Seller Financing Boot Camp
- Residential Rentals Boot Camp
- Quick Cash Boot Camp
- Cash Flow Boot Camp
- PropTrend Real Estate Software
- Of them, we had been encouraged to attend a Purchasing Summit occasion.
Day 1, Purchasing Summit Event
During the first match and greet/networking session, our impression was that everybody sounded optimistic friendly and energetic. A great deal of people were smiling and the vibe has been put back and laughing.
Significant note: Although those seminars bear his title, Scott Yancey isn’t the primary spotlight. Rather, they are operated by a business based out of Utah, that uses manufacturer and Scott’s plans for marketing functions.
In this period –as well as other times during the afternoon –we detected that a fair amount of upwelling, even though we found it applicable to this subject. Additionally, the area adjacent to the conference area was full of much more important resources (different businesses had their own booth that will assist you expand your company), so attendees can see at their own leisure. It seems the parent firm partnered with Lear Capital, therefore there was lots of discussion about precious metals, IRAs, insurance–as well as brain nutritional supplements!
But here is our take: the group is really hard on upselling, so we’re particularly sensitive to if it is happening. In this event we did not feel pressured to purchase at any stage, along with the vibe stayed laid back.
After viewing a couple of clips of”Flipping Vegas,” Scott and Amie Yancey walked, he started talking about how he got started, he does what he can, together with describing his “your community is the net-worth” motto, all at a pleasant, humble way.
The “Meat” of Scott Yancey’s Competition
Following his debut, Scott dug into the meat of his demonstration, where he spoke buying low, selling high, what factors activate the home market to go down and up, in addition to driving waves of expansion. In addition, he discussed diversifying your property portfolio involving choices like stock choices, property, apartment buildings, and single family houses.
Scott moved on to talking property principles, like:
- Market equilibrium
- Unemployment rates (when you can find occupations, then the home market goes up, also vice-versa)
- The home market (new to old)
Comparables in the area
- Increasing sale costs
- Shrinking inventory
- Sprinkled here and there, attendees heard perform and dos n’ts to file for non-profit status and much more. There were creditors on-hand to aid attendees fund unique deals (no matter credit rating), along with other tools to assist them obtain their original property.
Our takeaway was as non-real estate investors, this advice helped put things in perspective.
Our Time Together With Scott Yancey
After lunch, that was yummy and delicious (the dessert has been phenomenal!) , we could meet up with Scott to get 20-30 minutes, at which we were able to hang outside, hear in his own words his occasions, and discuss what we do here in lreview. He is definitely not a believer such as “Flipping Vegas” frequently makes him out to be (hello, play sells!) , and he appeared real, and humble, down to earth.
Scott likened his support when we asked about the utilization of property conventions for example his. You are gaining access to your package of professionals that will offer by paying for you.
However, to attain those goals, you need to spend the attempt. You won’t get effects if you decide to cover your membership but maybe not use all of the resources it provides access to. And it is the same together with providers and Scott’s conventions.
Discussing Together With Seminar Attendees
Ultimately, everybody managed to have a whole Q&A using Scott, where we discussed only about anything actual estate-related, together with a couple members in the Creative Wealth group and co-stars in the TV show “Renovate to Rent.”
I had a Couple of chances to talk with attendees and determine exactly what they believed about the experience:
One girl in her late 40s said that about 20 percent of the convention provided valuable advice, but the remaining 80 percent was motivation and hype. She stated she did not require the inspiration (but might see where it may be helpful for many people), also believed that it was a fantastic overall price and she did not have some regrets. Her only recommendation is to cut down on “all that crying.”
Another girl in her mid-60s without a real estate history said that she had been happy also, but should want more “literature” She said she felt out of the loop and a bit lost, and desired the data was somewhat more “digested” and “tangible.”
Two women in their late 40s or early 50s who arrived together said this was their very first property experience, so much they believed it was enlightening. There were pleased with no regrets.
A guy in his 60s who had been attending the with his daughter, maintained he had 35+ years of expertise in real estate. They found the information invaluable and were equally joyful.
Our Last Thoughts About Scott Yancey Events & Seminars
If you are Looking for Scott Yancey testimonials online, you are certain to experience a Great Deal of complaints regarding his occasions, the most common of which appear to mention:
High-pressure sales strategies.
Fundamental information you could likely find elsewhere free of charge (or for a minimum quantity of money, like the price of a publication).
For this very first criticism, though there was true a great deal of upwellings (even among the attendees we talked with cited it), none are exactly what we would consider “high-pressure.” To the complaint that is next, although we are not property investors, we did not locate the info essential. Unless you have got some experience you may feel left behind, as one.
On the other hand, the Summit we attended is an occasion, and there are dozens of tiers and packages that could function as a base.
Can you find this info elsewhere? We do not think Scott asserts that approaches and his approaches are proprietary, so it is certainly possible. But if you are not the DIY kind, are searching for built in mentorship (again, based on the bundle) and media opportunities,–and have the cash, we believe his events and conventions could offer a nice bang for the buck, even in comparison to other property mentor-ship programs we have reviewed.
Again however will not create cash operate the machine and you need to use the tools.
Bottom line? There’s surely lots of selling going on in a number of the conventions of Scott Yancey, which, according to personal taste, may be your cup of tea. But they are certainly not a scam and may help you get your real estate career away from the ground or simply take it into elevation –you need to devote to placing in the job.
Some Last Suggestions:
Do not trust in programs which offer the get rich overnight and tells you’ll make money without any effort and no experience required”. Run away if you see anyone of those offers.
I really love when I can help others avoid an Internet Scam, this is one of my passion, help others, so if you have any question or just want to say Hi, go ahead and left a message below