NEW: BP Podcast 66: Flips, Apartments, & Protecting Yourself From Professional Tenants with Michael Blank

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Forums » Real Estate Guru, Book & Course Reviews and Discussions » What to expect with Scott Yancey?

What to expect with Scott Yancey?

15 posts by 12 users

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Duplex Investor · Longview, Washington


My husband and I enjoy watching Flipping Vegas with Scott Yancey. When we saw that his program was coming to our area, we preregistered, thinking it could be an evening of entertainment. I don't see any way he could suck us in, so is it rude to even go? I didn't see anything about him here; anyone have ideas on what to expect, or whether to go? Thanks in advance...



Real Estate Investor · Wallingford, Connecticut


@Michele Fischer,
I used a search engine, and here is what I found:
http://reviewopedia.com/scott-yancey-reviews

I also found this information about him, at this forum:

http://www.biggerpockets.com/forums/79/topics/75902-3-day-real-estate-seminar

It appears that he is just like a lot of the other guru's, that try and get you to spend many thousands of $$$ for his product.

It is not rude to go. Don't ever feel that way.
You may learn something, take notes.
Go back home, and search this site, concerning any information that you obtained at that event.

Make sure that you Don't take your credit cards/check book, to this event.

Raymond



· Illinois


i'm sure @Rob K would like to attend & speak to him.



Real Estate Investor · Los Angeles, California


Michele, please do your due diligence on any program you buy from gurus. Are there good ones that are worth investing in, probably, but many are just trying to get money from the vulnerable. As Raymond said, go and have fun, just leave your money/bank cards at home.



Real Estate Investor · Michigan


I enjoy Scott Yancey's show, although I'm sure it's probably staged. I wonder if he gets all of his materials for free since he plugs Walker Zanger so many times in the show.

I would expect he will try and sell you some over-priced boot camp for thousands of dollars.



Renter · Las Vegas, Nevada


I actually attended this free seminar the other day. The teaching portion talks about wholesaling concepts. They also talk about tax liens. The main focus is on buying their boot camp, which if you act now you can get some discounts, etc. One advantage of the boot camp is they will be your "money", for a 2 pts rate and $500. Of course they have final approval of the deal.

It's a well put together presentation, and they did manage to sign up about a third of the room it looked like. The first 9 got a certificate that basically paid them their boot camp cost back once they made their first deal. They would walk you through your first deal from start to finish, which did appeal to me being a complete newbie. They provide a number of "teams" that are available for different parts of the deal process.

I didn't find anything sleazy or hidden away in this presentation. They were upfront about having to make money to be your mentor.

This is what brought me to this site, doing my due diligence. I've watched at least 30 of these "guru" presentations during my research. If I were a successful investor, and star of a tv show, I would probably do the same to increase my earnings.



Bird-dogger · Hattiesburg, Mississippi


Go Go Go! One of the things about going to events is to make friends. Yes you can learn stuff but, you can learn all you need to know about real estate investing here on the forums. Go and meet other liked minded people and it would be better knowing that you not alone in this real estate game. Then you have investor that you can work with.



Real Estate Investor · Audubon, Pennsylvania


Originally posted by @Robert Wright:
... The first 9 got a certificate that basically paid them their boot camp cost back once they made their first deal. They would walk you through your first deal from start to finish, which did appeal to me being a complete newbie. ...

Robert Wright -
So, how long of a time period are you given to find that first deal, in order to get reimbursed for cost of the "training"?


Steve Babiak, Redeeming Properties, LLC
Telephone: 6109082183
...


Renter · Las Vegas, Nevada


Robert Wright -
So, how long of a time period are you given to find that first deal, in order to get reimbursed for cost of the "training"?

@Steve Babiak - I'm not exactly sure of a "time limit" as that was probably discussed with the individuals. I do believe 12 months was mentioned but I wouldn't quote me on that. I also vaguely recall the reimbursement or credit was issued in $100 "coupons". Since these 9 bonus packages were grabbed up so quickly not a lot of time or discussion was spent on them.



Duplex Investor · Longview, Washington


Thanks for all the info! We ended up having a conflict and weren't able to attend. I'm sure it would have been an interesting evening.



· North Bend, Washington


Wife and I went to Scott's Dog and Pony show. They were pretty upfront about costs. We did not sign-up for $2K seminar and didn't hang around to check the "fine print".

Curious, anyone else here go to the show and did the trainer kick someone out of their class for not being enthusiastic enough? That happened at our forum but I smelled a "plant"!



· Los Angeles, California


Anyone else go to the freebie in Torrance, CA yesterday? I left after about 3-1/2 hours, losing out on my "free gifts" in the process.

Scott himself was not present, of course. One presenter "Trent" provided some very basic strategies about a few flip concepts. Scary to see here that the "additional training" is in the $40K range...yikes.

What really confused me was their "no credit" loan process. Trent said that if you can't find a buyer for your flip house, you can "walk away." What kind of "loan" is that? Seems like hard money. Does your credit get wrecked or are they basically turning the students into prospectors to dig up distressed sales which the Partnership then snakes for themselves?

The tax liens were interesting, but it had a $1,500 "membership" for access. The presenter was one of the slickest guys I have ever seen. I was just marveling at his manipulative presentation style. I just looked up my 401K. I've been doing 12.52% since 2009 with pre-tax dollars, so I don't know if an 18% lien beats that.


Updated: 09:58AM, 02/09/2014

A very useful review that I just found, consistent with my experience: http://wafflesatnoon.com/2014/01/07/scott-yancey-seminar-review/

Updated: 10:01AM, 02/09/2014

I would be pissed if I paid $2,000 for a three-day sales pitch for $40K worth of "mentoring"


· Los Angeles, California


Oh, and there are zero chances for questions from the audience. Probably because there is a risk of exposing them on an issue for which they don't have some slick prepared answer.



Real Estate Investor · New York


We went to one as a favor for a young couple who were interested & convinced it was what they needed to get motivated !!!!

We left when they took a break to allow a large number of the crowd to storm the sign up desk to cash in on the great deals they were offering.

To this day it amazes me how many people fall for the hype.

Several months later the young couple we attended with have yet to complete a deal.



Real Estate Investor · Nashville, Tennessee


You know what I always say...

"When in doubt, just walk out".

-Wayne





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