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Scott Yancey/Flipping Vegas

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  • Posts 2
  • Votes 1

Val Fowler
from Monticello, Georgia

posted about 6 years ago

Has anyone paid to go tone of his seminars? Is anyone out there actively working with his company and doing deals? We have an opportunity to go but it is $2000 for a 3 day event. Just curious if anyone knows anything...good or bad

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  • Posts 15K
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Joel Owens (Moderator) -
Real Estate Broker from Canton, GA

replied about 6 years ago

If you are serious I would look at finding someone local who is doing flips and rehabs.

People selling seminars traveling the country do not have the local knowledge usually of getting deals done, bought, and sold successfully.

For instance what someone does in another state might be only 30% applicable in your state.

Save the 2,000 especially if it makes up a lot of your liquidity and net worth.

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  • Posts 2
  • Votes 1

Val Fowler
from Monticello, Georgia

replied about 6 years ago

Thank you Joel. I am a broker and know how to flip properties. I was going to the seminar only because they said they had investors to fund the deals. I have found nothing good about the seminar on the internet.  I will just keep looking for an investor. 

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  • Posts 1.7K
  • Votes 323

Robert Adams
Real Estate Broker from Henderson, NV

replied about 6 years ago

Here is a better idea, send me your investment strategy, or if you don't have one I will help you create one. From there we will use your $40k on actual real estate investments and make you some money. I will get my cut from representing you on the buying and selling on these deals. No hidden sales pitch, seminars, self proclaimed gurus, etc.

This thread will give you 4 pages of BP members explaining why your should save your money and not get sucked into the self proclaimed self guru crap: http://www.biggerpockets.com/forums/79/topics/128767-yancey-real-estate-workshop-is-40-000-for-mentorship-and-training-worth-it

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  • Posts 16
  • Votes 1

Dale Myers
Investor from Hutto, TX

replied almost 6 years ago

Thought I would add to this.  I just attended a 1 day event with some of Scott's staff.
I had a voucher of some sort that I was to hand in at the front desk. Well, I was going to hand it to the gentleman and he told that he would file it.  The file behind him happened to be (The Trash Can).  I thought ohhh wow, that was rude and honestly dont think Scott would have appreciated that.
I sat for 45 minutes and then the pitch came to attend a 3 day event.  Some good information was put out and some people went to the back table to sign up for a 3 day event that was $1997.  At the break, I asked the speaker what made the software so special that he referred to in the first 40 minutes.  No explanation was given other than it was proprietary.
Although, they appeared to have a solid funding program up to $750K but I was turned off multiple times due to unprofessional behavior by some of staff and how they carried themselves.
I am all about investing in education and software to make my marketing streamlined and wouldn't have minded to spend the money to attend the 3 day course and receive some software although the VIBE that I received was not so friendly.
The gentleman even said if your here for the free camera its not that good and your phone is probably better.  WOW...  I will stop here as I dont feel adding anything else is necessary.  Just thought I would provide my experience and I wish those of you reading this post later find better results and wish you nothing but success!
I like to be positive but thought I would share my experience.  

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  • Posts 1.9K
  • Votes 2.2K

Dev Horn
Flipper/Rehabber from Arlington, TX

replied almost 6 years ago

Most of the TV reality star guru courses are put on by one company that just sticks the TV star names on the ads, signs & materials.  I assume that's true about this one.  They pay the TV stars a big check to use their name, and the material was NOT developed by the TV stars - it's just the same old flipping formula (pun INTENDED) rehashed multiple times over the years with the latest TV star names on the "label".

And, don't bet on that pot of gold (financing) they promise you at the end of the rainbow.  They know most people in their program will never find much less do a deal, and very few of the people will qualify for the funding if they find a deal (oh, YES, you do have to qualify for private or hard money).  That is a key to how they get people to pay for the course - making it seem like a slam dunk using their "OPM".  More like "BS".

Rather than a guru course, consider a coach instead - someone that can work with you PERSONALLY (even if it's over Skype) and over a period of MONTHS.  There are a number of great coaches active on BiggerPockets.  (Fat chance you'll see Scott Yancey or Dave & Pete in here offering helpful info....)

"A coach is someone who tells you what you don't want to hear, who makes you see what you don't want to see so you can be who you've always known you can be." ~ Tom Landry

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  • Posts 1.9K
  • Votes 2.2K

Dev Horn
Flipper/Rehabber from Arlington, TX

replied almost 6 years ago

Compare SCOTT YANCEY'S event page to DOUG CLARK'S event.  Look kinda similar??  Please you guys - buy the J Scott's books, not these seminars....

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  • Posts 69
  • Votes 14

Pearline Hardy
Attorney from Kansas City, Missouri

replied over 5 years ago

I actually attended the 3 day seminar @Val Fowler ...well I watched (they sent me a video recording of it since we couldnt make it). They did give good information although they tried to encourage you to buy their $18,000 package or get a $10,000mentor. They do however give financing like advertised...kind of. It's not complete financing like we were led to believe. On 3 yr loans they give you 50% at 1% interest but the other half you use cannoy come from any loan that attaches to the house including seller financed. So if u have cash then it's  good, especially since the payments are interest only. They also do 3 day 100% loans and 3 month 75% loans. But all the info they taught I have found on biggerpockets plus more.

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  • Posts 69
  • Votes 14

Pearline Hardy
Attorney from Kansas City, Missouri

replied over 5 years ago

I actually attended the 3 day seminar @Val Fowler ...well I watched (they sent me a video recording of it since we couldnt make it). They did give good information although they tried to encourage you to buy their $18,000 package or get a $10,000mentor. They do however give financing like advertised...kind of. It's not complete financing like we were led to believe. On 3 yr loans they give you 50% at 1% interest but the other half you use cannoy come from any loan that attaches to the house including seller financed. So if u have cash then it's  good, especially since the payments are interest only. They also do 3 day 100% loans and 3 month 75% loans. But all the info they taught I have found on biggerpockets plus more.

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  • Posts 25
  • Votes 8

Sean Becker
Investor from Mill Valley, California

replied over 5 years ago

DO NOT DO ANYTHING WITH SCOTT YANCEY!! THE YANCEY GROUP IS NOTHING BUT A BIG SCAM. THE INFORMATION IS NOT WORTH THE PRICE TAG AND ONCE YOU PAY THE SERVICE IS NOT TO BE FOUND. THEY SELL THE DREAM OF FINANCIAL FREEDOM AND MAKE IT SOUND SO EASY. BP GIVES YOU WAY MORE INFO FOR NEXT TO NOTHING. STAY FAR FAR WAY FROM YANCEY. FREE LOCAL EVENT LEADS TO $ 1997 TO UP TO $30K TO ANOTHER $15K. CAPS INTENDED!! 

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