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JustTooMuchTime
04-17-2014, 01:11 PM
Just saw a commercial for a Scott Yancey Seminar. To get people to come they are giving away a tablet computer and some other stuff.

Mixed reviews here:
What to expect with Scott Yancey? (http://www.biggerpockets.com/forums/79/topics/88107-what-to-expect-with-scott-yancey)

Waffles At Noon review:

Scott Yancey Seminar Review - wafflesatnoon.com (http://wafflesatnoon.com/scott-yancey-seminar-review/)

Interesting comment from Bruce:


"I attended one of these events yesterday in Detroit. Over 200 people in the room. Steve was the presenter and at 1 hr and 30 min into the event they offered the “deal”. Retreat for $1,997. The typical sell starts with valuing it at more and additional costs. Financing deals and spouse/family member attendance for free (normally $997). What completely amazed me was the amount of people in the room who jumped at the opportunity when they offered to refund the $1,997 after you close on your first deal. I think at a minimum half of that room got up to take the deal. That’s $200,000 in 90 min. I have no doubt that most will never complete this program. I don’t know if it’s a scam or MLM or whatever else we can call them today but I would expect a lot more information and course outline before giving up $2,000. All course costs and requirements through to the very end. If you’re that careless with money I doubt you’re the investor type."

Reviews at Highya:

Scott Yancey Reviews - Is it a Scam or Legit? (http://www.highya.com/scott-yancey-reviews)

Reviewopedia:
Scott Yancey Reviews - Legit or Scam? (http://reviewopedia.com/scott-yancey-reviews)

ribshaw
04-17-2014, 02:58 PM
I knew that rang a bell, Flipping Vegas.

Bigger Pockets is a fun site to poke around on to explore real estate investing. Found a thread one night where a slumlord was recommending putting pizza colored carpets in all of your apartments as that was the color they would end up anyway. :RpS_sneaky: The discussion if I recall surrounded evaluating an apartment building in a run down section of town that on paper looked like it had a fantastic cap rate. A lot of RE pros of all stripes participate in the discussions.

A brief discussion of Scott Yancey here:

What to expect with Scott Yancey? (http://www.biggerpockets.com/forums/79/topics/88107-what-to-expect-with-scott-yancey)

ribshaw
04-17-2014, 03:43 PM
LOL, I am a dummy!!! I just came back to check out the links and realized the first link you listed was to BiggerPockets.

Here are some face saving links since I can't edit and pretend this never happened. :RpS_blushing:

This was a good artilce on another Flipping Star...
Meet Armando Montelongo: The Home-Flipping Huckster Who'll Make $50M This Year - Forbes (http://www.forbes.com/sites/abrambrown/2013/06/26/meet-armando-montelongo-the-home-flipping-huckster-wholl-make-50m-this-year/)

This guys site has been around for years. Gurus hate him, have sued him, and call him jealous which is always a good sign. He does write his own books and newsletters so there is that, but for the $1995 seminar price one could buy a whole slew of books and still have money left over only to decide flipping may not be for them.
Flipping real estate by John T. Reed (http://www.johntreed.com/flipping.html)


Why "House Flipping" TV Shows Can Be Hazardous to Your Health (http://www.creonline.com/blog/why-house-flipping-tv-shows-can-be-hazardousto-your-health/)