If you are a TV junkie or someone who is interested in the real estate, then you probably heard of Scott Yancey. He is a successful real estate broker, an entrepreneur, an author, and a famous television personality. He is the star of the A&E television series, Flipping Vegas. It is a reality TV show that features repair of dilapidated homes in Las Vegas and sells them for profit. His wife, Amie is also a part of the show. They both work hand in hand to transform a worthless property to a worthy one.
He was born and raised in California. Yancey is a self-confessed entrepreneur. He was able to make his very first deal at the age of 14. Unlike any other successful and famous people, Scott was not blessed to be born with a silver spoon. He was not even a degree holder. Scott Yancey went to five different colleges and dropped out them all. When he was in college, he became a runner by a 
successful real estate lawyer and investor, Walter J. Plumb III. He assisted him in various real estate transactions including purchasing of apartments and converting it to condominiums. That somehow gave him a background in flipping.
In 1994, he moved from Cali to Las Vegas. In 2008, Scott Yancey founded the Goliath Company, a real estate brokerage and investment company. It focuses on different types of investment properties and use the “buy and hold” real estate investing strategy.
Scott Yancey’s Advice to Aspiring Real Estate Investors
Many people want to achieve the same level of success as Scott Yancey. He would often ask for a real estate investing advice, especially for individuals who don’t have enough money to spend. His answer is simple and straightforward. You don’t need to have that much money to become a real estate investor. As a matter of fact, you don’t need money at all. There are a lot of investing strategies, and Yancey’s core principle is to teach people to invest without having the need to use their own money. When he had his first land deal, he didn’t have money on his own, but he was able to profit more than $2 million. In 1983, Scott received an insurance settlement amounting to $30,000. He used the money to buy a second deed of trust for a home mortgage. It was a worthwhile investment because it generates an interest rate of 14%.
The flipping industry
Scott Yancey and his wife, Amie use the flipping method. It is one of the commonly used real estate investing strategies. Many investors flip a property to generate capital. If it is a good flip, then you will be able to make money from it. If it is a flop, then it will be a total waste of your time and resources. Renovating a property can be costly, time-consuming, and exhausting. As an investor, the primary goal should be generating as much capital as possible and invest the money in rental properties. Property rentals allow you to have a continuous flow of income. The money you collected every month is not as huge as selling a flipped property, but it is surely easier to collect a rental fee than to renovate a property over and over again.
Aside from being a successful real estate investor and a famous TV personality, Scott Yancey is also an author. He has already published to books: Go Time: How to Make Insane Money in your Market Now and Flipping Your Way to Real Estate Profits. His books provide practical advice and tips on investing in different kinds of market. He was just an ordinary person who turned out to be a lucky man because of real estate. Hence, he feels the need to share his success with others. His books represent his love of sharing his real estate knowledge and his desire to help others become successful through real estate. In his book, you will find a step by step guide for new real estate investors. It also gives tips on how to prevent common real estate investing mistakes. On the other hand, his book “Flipping your Way to Real Estate Profits” contains tips and strategies on how to flip houses with limited money.
His television show and books enabled him to share his knowledge and skills to a lot of people. Yancey also conducts nationwide series of seminars that aim to help people get started in real estate investing, choosing a niche, and creating profit regardless of the housing market condition. Through his seminars, which he tagged as “live real estate income events” attendees will be able to learn the secrets to real estate investing success from the pros. Follow Scott Yancey, watch his TV shows, read his books, and attend his seminars. You will surely get a lot of inputs which you can use in your journey of becoming a successful investor.
Scott Yancey Real Estate Live Event Reviews
Watch the videos below to see what people say after they have attended a Flipping Vegas Seminar
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