Based out of Las Vegas, NV, Scott Yancey is a self-made millionaire through investing in residential and commercial real estate, as well as a published author, and an executive producer of A&E’s television show “Flipping Vegas.” Mr. Yancey claims to have made his first real estate deal and the age of 14, and with a personal belief that “your money works for you,” is passionate about helping others achieve this same success through his live real estate seminars.
Scott Yancey’s infomercials have been featured on networks such as NBC, CNN, and ABC, as well as publications such as the Wall Street Journal. While there are some positive online reviews, the vast majority are negative, with the biggest complaint citing high-pressure, deceitful sales tactics.
How Scott Yancey Seminars Work
In addition to his infomercials and television shows, Scott Yancey’s claim to fame is his live real estate investing seminars, which claim to show you proven investment strategies that you can use to realize your own success. More specifically, Mr. Yancey’s seminars claim to provide core information in areas such as:
- Residential Real Estate
- Commercial Real
- Estate Tax Liens & Tax Deeds
- Multiple Income Streams
However, it needs to be noted that there are two types of Yancey events: Free and Paid. Free events are constantly being hosted in cities all across the country, and claim to provide basic information on how to:
- Get your real estate investment career off the ground
- Choose the best areas to invest in
- Ensure your investments always remain profitable
- Generate passive monthly income, or “big monthly paydays”
According to a wide variety of online reviews, these free events contain very high-level information, very little of which can be applied toward earning money in real estate. Instead, this information basically acts as a “teaser,” and you’ll be urged to purchase access to a paid event, which then promises to provide actionable information. Scott Yancey hosts several of these paid events, the most popular of which appears to the his 3-Day Workshop, though many more are provided, including:
- Boots on the Ground
- The Buying Summit
- Inner Circle
- On-Demand Training, which includes:
- Seller Financing Boot Camp
- Residential Rentals Boot Camp
- Quick Cash Boot Camp
- Cash Flow Boot Camp
- PropTrend Real Estate Software
Scott Yancey Seminar Pricing & Refund Policy
Scott Yancey “Preview Events” are completely free of charge, and often include bonuses such as his “Go Time” book (in PDF format), free cameras, and a chance to win one of 15 iPads. However, it seems the primary intent of the Preview Events are to hard-sell you into purchasing a $2,000 ticket to his 3-Day Workshop. However, we learned that even this preliminary paid event features more hard-selling for additional training/events that range in price from $20K-$60K or more.
According to the Yancey Events website, a 100% tuition refund is available to seminar certificate holders who “close a new positive cash flow real estate transaction and submit the supporting documentation to us” within 100 days of the seminar date. The process is fairly technical, so if you find yourself in this position, full details can be found here. Oddly enough, if the information provided in your seminar fails to help you purchase real estate, it does not appear any sort of refunds are offered.
Bottom Line – Are Scott Yancey Seminars Worth the Money?
As mentioned previously, online reviews of Scott Yancey Seminars are overwhelmingly negative, and primarily cite high-pressure, deceitful sales tactics. During our research, we even came across several instances where it appears employees of Scott Yancey posted false positive reviews intended to counteract hundreds of negative ones.
Furthermore, if you base your decision to attend a seminar on the “Success Disclosure” page on the YanceyEvents.com website, a pie graph shows that 60% of students who attend a seminar have reached success. However, a closer look at the fine print does not indicate whether or not these individuals made any money on their transaction(s), or the length of the time period that was included in their sample pool. Additionally, only those who “purchased advanced training—above and beyond the 3-day Workshop” were included in the sample group of 1,966 individuals. Finally, even when taking a look a the Testimonials page, all the success stories are provided by students and teachers who “purchased additional training materials.”
In short, this means that it’s fairly apparent you shouldn’t expect to start closing deals and earning money from real estate from the Preview Event, or even the $2,000 3-Day Workshop. While no prices are listed for the supplementary training materials and events on the company’s website, our research uncovered prices ranging anywhere from $20K-$60K.
Bottom Line: Should you spend your hard-earned money on a Scott Yancey Seminar? Based on our research, much of the information found in the seminars can be found elsewhere for free (or for minimal prices, such as the cost of a book), which can be read and applied at your own pace. Overall, with the huge number of negative reviews, most of which tell nearly identical stories, we would recommend spending your hard-earned money on real estate training through more legitimate sources.
A lot of useful information
The seminar goes at a real fast pace and a lot of useful information.
TV Should Gives You Heads Up
If you watch their show, "Flipping Vegas," it definitely gives you a feel that Scott is cheap and he is only in it for the profit. His motto comes across as "fix it cheap, sale it high and let the new owners worry about the problems."
Tonight episode - house had serious foundation problems. Scott is not willing to fork over $8K to fix the problem, correctly. Instead he has his "builders" do patch work, in the most serious areas and then sand down the other areas, to make it appear leveled. He is not fixing the problem. He is about appearance. Will he have his "realtors" disclose to the potential homeowners about the foundation problems? How many of you that information will not be disclosed.
Scam Scam Scam ......stay away
So I attended the Coral Springs session today. Firstly I really thought Scott and Amy would be there. No chance of that. First lie. After 15mins we were introduced to the $2000 3 day work shop. Scam in sight immediately. I wasted my day driving there. There was no training only introduction to what you will or can learn in the 3 day workshop. So disappointed.
Scott and Amy I really enjoy Flipping Vegas but can't believe you are a part of this.
Don't waste your time. Research before you attend. Very disappointed.
I have been a very successful real estate investor for many years and I went to this free seminar as I go to lots of info seminars which I believe there is some good in anything..... It's all in how you look at it.
I would not pay a dime for them to blow smoke up my butt anymore this is a scam!!! You can get all this info online and research it yourself and be far more rewarded and successful than you will with this. Trust me you are far better off spending money on lotto tickets to get wealthy than throwing it at these dishonest people.
Thank you for revealing the scam
I want to thank everyone who has revealed the real scam here. I'm trying to convince a family member not to buy into this but they are resistant. The reviews here will only strengthen my case so that they don't buy into the whole scam. One piece of advise...
Put your money towards real education at a real college or university that will teach you proper/legal real estate techniques. Besides... Isn't there a required certification in order to sell real estate? I don't think that's something this scam offers.
Scam !!! LETS DO SOMETHING AND STOP THIS...
My husband and I went to seminar and then spent 2,000 to go to a workshop. Stayed at the very expensive hotel on our dime..oh did get a 200 check for travel.. lol Almost spent 39,995 however we read all the complaints online .. saved by the bell... Thank you all! I can say they are very, very convincing. Showing you great ways to get around just about anything, Just not how to complete anything. Then asking are there gaps in your training? Well of course there are!!!! They neglect to fill in gaps. If they don't want to answer a question, around it.. they will go. Never tell you how to actually complete a transaction. Of course if you join the diamond package for 39,995 you are guaranteed 3 sales. All I can say... please look it up on the Prop Trend site and see what people have to say. They dangle a diamond in front of you, entice you... then pull it away. Saying doesn't that look good. Something needs to be done. How can we stop this company AKA scam artist? Should we all chip in hire a lawyer and sue for a bulk settlement? They will continue ripping people off. I have a severe disability along with a severe handicap child. I just wanted a better life for my family and we got screwed. If anyone has ideas to stop this please contact me. at Melandr6@aol.com Maybe we should ALL start our own show... called GOT SCREWED BY YANCEY & CREW !!! make millions off them... just saying. of course THIS IS MY OPINION!!!
Promissed Funding Program is Useless
One of the big enticements of the program is the promised access to money they provide to do your deals. The restriction they put for actually borrowing that money such as only letting you borrow it for 3 days or charging 36% interest really makes the funding they offer useless. Just a false promise. Three day seminar provided little if any info that you couldn't find in a $25 real estate books. I'm a 30 year real estate investor and did find a few things they mentioned interesting, but they don't go into detail and do not allow questions to satisfy your curiosity. They also never mailed me the CD's they promised at the free seminar.
They do say that they are an education company and make their money by selling education. It's unfortunate their education is substandard and extremely expensive.
I went to the yancy real estate seminar. I was excited and happy to make million dollars. I could not believe I am so lucky to be given this once in a lifetime opportunity. The seminar leader Trent smith took us to the airport to go on free round trip to Nigeria to buy real estate. We arrived 23 hours in Lagos, Nigeria. We learned how to buy real estate and how to whole sale and take a small profit and sell to rehabers. Many of the Nigerian homes were in low income areas and we were not sure how to make contract deals for cattle. Trent told always have a positive attitude and we were worried about gun fire in the background.
The proof funds were hard to prove due Utah banks do not have funds in Nigeria. I did not have an llc and Trent told us to form a Nigerian llc and use this in America. They wanted a large sum of money and Trent told we could sleep in special shacks for real estate investors. I could not find any deals in Lagos and had no money to return home. Trent tolds us not to worry about costs but returns.
I have no more money left and Trent left earlier that day to South Africa. I would not go to the yancy seminar.
Horrible, glad I DIDN'T waste my money
First of all, they make you believe Scott himself is hosting the event--NOT true. Then they tell you there will be a free meal...if you call a cold sandwich and a cookie a free meal...ok. To top it off, they RAN OUT of the free meals, so we didn't even get one! (they gave us $10 gift cards instead).
Then the sales pitch that I am SO GLAD I didn't buy into. I am so happy (especially after reading these reviews) that I did not spend a dime. Now, if only I could those 3 1/2 hours back and the money we spent on the babysitter.
Received personal invitation to attend the Yancey Seminar in the Cayman Islands which I did. The motivational presenter was nothing more that a very charged con artist (wolf in sheep clothing) constantly reminding the attendees that there were no hidden charges and that the Yancey method is not a pyramid scheme.
They told you that you will have to pay US$2,000 for material/seminar never disclosing that there were further hidden fees. I felt a certain level of concern and declined paying for the seminar only to be reminded that I will never be able to sign up again for the benefits that the package was offering at the very moment.
There was a lot of pressure to sign up and pay the US$2000 fee. Questions like, "what is holding you back were constantly being asked. The scheme is a hoax, and full of deception and lies. Would not encourage anyone to support the Clancey Seminars; dont even attend. Better to put your money under your bed....
I attended the seminar and found group social psychology being used to manipulate the audience. The real estate seminar uses lots of grey info tie to emotions of fear, greed, approval and winning the lotto they secret money knowledge. They used real estate teasers like no credit or income needed to buy real estate. They did not tell you that this deals with funding and not lending. They did not tell you to start a llc and bank account and 3 day seminar is worth 150 dollars not 20000.
The free seminar is used to up sell to 14 to 34 k seminars and they turn you into dependent on make believe salesmen or mentors. The seminar leaders are not qualified to lead these seminars no credentials, no degrees. Proof funds are not backed by real sponsors and sell wet funding as bait for higher priced seminars.
They use the Nigerian scam to make you believe you have won secret real estate knowledge at a price.
SPAM Artist, Creepy email intrusion spammer
This creep has some malicious cookie adware that bombards my empty email folders, ALL OF THEM, with his ads for a rip off seminar. I can not get it to go away. He has a program on A&E. Here is a list of emails for A&E sales directors and managers, maybe if enough folks email THEM, we can get this to stop. Please send your comments on this SPAM to: Mel.Berning@aenetworks.com, Jim.Agius@aenetworks.com, Brian.Joyce@aenetworks.com, Lisa.Mallen@aenetworks.com, Peter.Olsen@aenetworks.com, email@example.com, Amy.Baker@aenetworks.com, firstname.lastname@example.org, email@example.com, firstname.lastname@example.org, Marcela.Tabares@aenetworks.com, Shawn.Walker@aenetworks.com, Erica.Driscoll@aenetworks.com, Stephen.Rhee@aenetworks.com,
A Really, Really Slick Sales Pitch!
We attended one of these events just recently, and it was quiet a sales pitch. The first Speaker, Shawn, was a very personable and forceful talker, although he stated that he wasn't much of a public speaker. I think he might be convincing enough to sell whisky to a Southern Baptist preacher! He had the attention of most everyone in the room, and kept the process going to the extent of having everyone (that did not include me most of the time) raising their hands and 'agreeing' with his line of slick BS.
There's always people present, whom are easily persuaded, and will agree to almost anything. Those are the "head-bobbers" that will believe everything they see and hear. Shawn had the people who were interested in the 3-day 'training', go to the back of the room and let the handlers take their $1,997.00. There seemed to be about eight suckers at that point in time. Little do they know that will be just the start of a scheme to remove many thousands of dollars from their investments and retirement funds. My advice; don't do it!
Anyway, after about 80 minutes of this session, we took a break and they fed us a cold meat and cheese sandwich on a sesame seed bun (did I mention a bag of chips and a little fruit cup?)....yummy! After the break we got back to the business at hand.
During this second session, a guy named Layne talked about investing in Tax Liens and Tax Deeds. There is lots of money to be made in this type of shady business, but it takes patience and diligence to make the most of it. I personally don't desire to be party to stealing someone's property this way.
If you want to get involved in this enterprise, you can do it on your own with some study and research that's mostly freely available. This company will gladly sell you a "lifetime membership" in their "Tax Liens and deeds" program for a mere $1,497.00! And there may be a 'discount' if you buy into both programs at the same time. What a deal! My advice; don't do it! --If after all this, if you decide to get involved, just be aware that the Real Estate buying program will make your portfolio many thousands smaller than you could ever imagine. The Tax Liens and Deeds scheme will allow you make money on investments over a period of years, but your chances of actually acquiring a piece of property like this, are probably much less than 1%. My advice; don't do it!
When the three-hour plus sessions were done, there were some more people signing up and giving their hard- earned money away. I would estimate that about 10-12 signees bit into the business before the night was over. That's approximately 20% of all attendees. Not a bad night for the guys doing the event!
There's one other point I want to bring up...FREE GIFTS. When some attendees asked about the free gifts, they were informed that they simply were "not available", with not much further explanation. The brochures stated that all attendees would receive Scott Yancey's "Go Time" book and two discs...free?? Well, they were not available. I did not attend just for the free gifts, but I think many people did. I called and emailed them the next day, and I think mine may be forthcoming. I feel blessed.... They did give us a certificate for a free "camera". You have to go online for that. I can hardly wait! Many people may have attended just for the chance to 'win' a tablet. If so, they were sadly disappointed, because those are only (maybe) given away during the larger 'Super-Money taking' events.
In closing, I will say this. The guys are good motivational speakers, and know how to 'hawk their goods', and I feel the evening was not a total waste of time. There was some good information imparted throughout the sessions. However, they need to "do what they promise" concerning free gifts, and stating that Scott Yancey himself would be at the event. Concerning all these programs....my advice; don't do it!
PS. I enjoy Scott’s “Flipping Vegas” show, but he should be a little ashamed of this manner of taking people’s money (and lots of it) for a business venture such as this. Next time I attend one of these deals, I'm seriously thinking about "crashing their party". I would rate this scheme less than one-star if that were possible.
Don't even think going to these seminars. Big Scam.
Given that I live outside of the USA and have now received 6 mailed invitations to locally-held seminars - while each invitation has my correct mailing address - each has a completely fictitious name as the recipient (not my own)... DEFINITELY A SCAM
Visited Vegas, signed up for a casino card and guess what - suddenly this garish, fill-the-screen ad is attached to all my incoming emails. (I know, I should have known better, mea culpa, but ...) Tried to find and delete cookies, but whatever they have inserted defies removal and there is no way to unsubscribe. It feels like an ugly cancer every time I see it. Even if I thought of attending a seminar, now I NEVER will and I will shout loudly to all who will listen about this. How rude, to say the least; also counterproductive. What can I do to stop this intrusion?
Scam, do not waste your hard earned money!
After paying the high amount of money for the extended training, one week after the training they called and wanted more money for additional training! They told me that I must not be serious about wanting to be successful, if I don't want to put more money into the training. This is after I paid $40,000 for 3 days of training! What a sucker I am!!!!!!!!!!!! The hardest part in finding a realtor to put in many many low ball offers. I can not find one. Some say I am greedy! They must have made over $500,000 for the 3 days of training from those that attended that 1 weekend.
They want your money not to train or work with you.
Connecting with local investors instead of this national tv based seminar company will save you money to use for getting your business going.