Scott Yancey Net Worth: How Flipping Houses Made Him Rich

Scott Yancey is an American business mogul, TV host, author, and real estate agent who co-hosts the reality TV show “Flipping Vegas” with his wife Amie on the American cable network A&E. Also, Scott is the CEO of Goliath Company.

Scott Yancey has made a lot of money in his career as a real estate broker, TV host, businessperson, and author.

Net Worth

With money coming in from different sources, Scott Yancey’s estimated net worth is around $20 million.

Interestingly, he started in real estate when he was just 14. He got $30,000 from an insurance settlement and used it to make his first real estate deal, buying the 2nd deed of trust for a home mortgage with a 14% interest rate.

His success in real estate, TV, business, and writing has made him a well-known and financially successful person in his field.

House

The business mogul and real estate broker “Scott Yancey” has a beautiful home of his own. Yancey’s house is on Parleys Cone Ct in Las Vegas, NV 89135.

The property has three bedrooms and spans 2,325 square feet. The cost of his house is $1.05 million.

Profile Summary

Biography

Scott Yancey was born in Los Angeles, California, USA on July 9, 1969. Despite Yancey’s fame, we regret to inform you that information about his parents, such as their names, what they did for a living, and Yancey’s siblings, is yet to be shared with the public.

As for Yancey’s educational background, he attended North Hollywood High School and did his college education at a yet-to-be-disclosed school in the United States.

Career

As discussed earlier, Scott Yancey started his real estate journey at 14, using $30,000 from an insurance settlement to make his first deal.

While in college, he worked with a real estate expert, taking part in various transactions, like turning apartments into condos and handling land deals.

After building department stores independently, Yancey returned to real estate in Las Vegas in 1994. In 2008, he started the Goliath Company, focusing on investment properties and land subdivisions.

The TV reality show “Flipping Vegas” in 2010 followed Yancey and his wife Amie as they bought antiquated/broken down houses to repair in order to sell to the market to make a profit.

Yancey was not just the star but also the producer of the show. The show premiered on June 18, 2011, on the network cable “A&E” and ended its final season on September 27, 2014.

As an author, Yancey has written books about real estate. One of them is called “Go Time,” published in 2012. It’s a 250-page book inspired by the lessons he learned from people in the real estate business. Its current cost on Amazon is $29.95.

In 2015, he wrote another book, “Flipping Your Way to Real Estate Profits.” This 221-page book advises investors who may be facing financial challenges. As of the time of writing, this book costs $13.01

Yancey Events FTC Complaint & $4,577,409 Trade Law Suit

The Yanceys, known for “Flipping Vegas,” started Yancey Events to teach real estate investing.

They faced criticism for selling seminars, with some attendees thinking it might be a scam.

In 2020, the FTC filed a complaint, claiming they earned $10 million each by promoting pricey coaching packages through infomercials and free events.

Allegations included their awareness of complaints against Nudge, a real estate training company they endorsed, and plans to handle negative reviews, including possibly posting fake positive reviews online.

As a result, Scott Yancey and Dean Graziosi got into legal trouble with the Federal Trade Commission (FTC) and the Utah Department of Consumer Affairs regarding their involvement with Nudge, LLC. In a settlement (Case No. 2:19-cv-00867-DBB-DAO), a judgment was made against Yancey for $4,577,409.

However, the full amount was suspended, and Yancey had to pay $450,000, depending on the accuracy of his statements about his limited finances.

The judgment also accepted the facts in the complaint against Yancey as true without needing more evidence.

Personal Life

Scott Yancey tied the knot with his wife, Amie Yancey, on January 26, 2000. They have been happily married for over two decades.

The couple doesn’t have children, but Amie has a daughter named Sarah from a previous relationship.

Sarah married her husband Mitch on October 16, 2018, and Amie has embraced the role of a grandmother as Sarah has welcomed a child into the family.

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