for five seasons, flipping vegas was one ofa&e's most popular shows, with viewers captivated in equal measure by the houses being flipped,and the couple flipping them, scott and amie yancey. the yanceys provided plenty of drama withtheir on-screen fireworks, but behind the scenes, there were plenty of fireworks younever got to see. here's a look at the untold truth of flippingvegas. scott began his career at 14 self-proclaimed real estate guru scott yanceyis the founder of the goliath company, making his first real estate deal at the age of 14.
after receiving $30,000 in an injury settlement,scott purchased a second trust deed on a single home, and by the time he was in college, hewas cutting deals for massive housing developments with over 3,000 lots. scott told vegas seven that his time in thereal world taught him more than college ever did. "i'm not a college graduate. i went to probably five colleges, and i droppedout of them all. i have add. i didn't come from money.
but you don't need money to be a real estateinvestor, and that's what i teach people. i did my first land deal on my own withoutany of my own money, and i netted $2.3 million. i can relate to most of the people who writeto me and say, 'i'd love to do what you're doing. i don't like my job, but i don't have anymoney.' great, you don't have to. you're right where i started." amie has a need for speed a successful real estate agent in her ownright, amie has sold more than 700 homes since
moving to vegas with scott in 2004. like her husband, she has a penchant for speedand daredevil activities, with eight motorcycles and a porsche in her collection. she also loves to ride horses, having grownup on a horse ranch in canada. they almost quit scott and amie almost quit the real estatebusiness all together when the market crashed in 2007. that idea changed after scott overhead a conversationat a restaurant in nevada. as it says on scott's website:
"at the next table, the discussion revolvedaround the las vegas real estate market and the fact that there were homes available tobuy for as little as $36,000 that would rent out for $900 per month. just hearing those two numbers put scott'sreal estate brain into gear. two things came to mind immediately, 'youmake your money on the buy in real estate' and 'fortunes are made in bad economies.'" it began with a glock in an interview with vegas seven, scott saidthe concept for the show was born during a conversation with some of his buddies fromhollywood.
"i'm from the hollywood area originally, andi was talking with some buddies who are in the industry. i was telling them how i had to pull my glockout on some homeless guys who came at me with needles in one of the houses that was allboarded up. they're like, 'man, you need your own realityshow.'" good call! rocky start they may seem like reality show naturals,but scott and amie were anything but. scott explained it in the introduction tohis book, go time: how to make insane money
in your real estate market" "the filming process really wasn't the mostenjoyable thing we've ever done, especially in the hot las vegas weather. first, there are all of the technical issues,like microphone and camera problems, dead batteries, sound issues when a plane fliesover or a boom box or loud stereo passes by. my wife and i weren't fired up after the exhaustingfilming sequence for that initial 45 minutes of video." thankfully, they soon adjusted to the rigorsof filming. the show is heavily edited
for each episode, roughly 120 to 140 hoursof footage is shot, which is then edited down to just 43 minutes. scott told the las vegas sun that what yousee is only a tiny part of their regular lives. "the tv show usually edits in the drama. they don't see that an hour from now, we'regonna be holding hands walking our dog somewhere. they edit it in a way that's obviously goingto be most entertaining. they don't ever show me say 'thank you, goodjob' to somebody or show us going to a restaurant at night or in the summer on a beach." some of the other things you don't see?
scott and amie writing one of their best-sellingreal estate books, or working with their many charities, including the honor ride, whichhelps wounded veterans. real estate scam? after their success in real estate and onthe a&e series, the couple decided to turn their efforts toward education, launchinga nation-wide series of free seminars and workshops. "well for some of you, this could very wellbe the first step in your path to real estate success." but not everyone has been happy with the results,as the couple has been accused of scamming
would-be investors, with claims that the workshopsare basically just an advertisement for seminars that can cost up to $38,000! "but the thing is, if you really have a systemthat works, why is it $38,000?" "the way that he pitched it, it made a lotof sense. but when we got there, it was absolutely nothinglike how they pitched it." "it's just totally wasn't worth it. i was very disappointed" so is it a scam, or merely a case of misplacedexpectations? either way, it's a bad look for the one-timestars of flipping vegas.
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