Net Worth Ranker
What Is Scott Yancey’s Net Worth?
Scott Yancey, a prominent figure in the world of real estate flipping, boasts a net worth of $20 million, a figure that includes the combined assets he shares with his wife, Amie Yancey. This valuation reflects Yancey’s success as a Las Vegas-based home flipper, author, real estate educator, and television personality, primarily known for his role on A&E’s “Flipping Vegas.”
Early Ventures and Career Beginnings
Born Scott E. Yancey on July 9, 1969, in Los Angeles, California, his foray into the real estate world began surprisingly early. At the age of 14, Yancey demonstrated his entrepreneurial spirit by investing a $30,000 insurance settlement into a second trust deed on a Studio City home, which generated a 14% interest return. This initial success sparked his interest in real estate investments.
During his college years, Yancey gained valuable experience as a runner for real estate attorney and investor Walter J. Plumb. Post-college, he continued his association with Plumb, participating in significant real estate transactions. One notable project involved converting a 40-unit apartment complex into upscale condominiums. Additionally, they collaborated on several land deals, subdividing land into over 3,000 feet of lots designated for luxury living quarters.
Venturing out on his own, Yancey focused on developing department stores across the Southwestern states. He later transitioned back to real estate in 1994, relocating to Las Vegas. His real estate career took off when he discovered the potential to acquire houses in Las Vegas for under $50,000. This opportunity led him to become a full-time house flipper, marking a pivotal point in his career.
Currently, Scott Yancey is the owner and managing partner of Goliath Company, a firm that owns and manages numerous income properties throughout the Las Vegas area. In partnership with his wife, Amie, Scott acquires and renovates older homes, subsequently selling them for profit or renting them out. With over two decades of experience in the real estate sector, Yancey has established himself as a seasoned professional.
“Flipping Vegas” and Media Presence
In 2010, Yancey co-created the A&E TV series “Flipping Vegas” in collaboration with Lovable Scoundrels Productions. The show premiered on June 18, 2011, and ran for five seasons, concluding in September 2014. Yancey also served as the executive producer for the series. “Flipping Vegas” significantly contributed to Yancey’s public profile, showcasing his real estate ventures and business acumen to a broad audience. The show provided a platform for Yancey to share his knowledge and strategies, further enhancing his reputation as a real estate expert.
Alongside his television career, Scott and Amie Yancey established Yancey Events, which organizes educational seminars across the country focusing on real estate investing. These events attract a substantial number of participants, contributing to Yancey’s role as an educator in the real estate field.
Authorship and Other Business Ventures
Beyond real estate and television, Yancey has authored two books. His first book, “Go Time,” was published in 2012, followed by “Flipping Your Way to Real Estate Profits” in 2015. These publications serve as resources for individuals interested in learning about real estate investing and flipping techniques. Yancey’s education business attracts over 250,000 students annually, underscoring the demand for his expertise and insights.
He has also developed retail department stores in Las Vegas, Tempe, Arizona, and Provo, Utah. The department stores’ square footage and revenue are not specified, but they do add to the scope of Scott’s entrepreneurial activities.
Personal Life and Interests
Scott Yancey married Amie in January 2000. Together, they share their lives with a collection of animals, including three dogs, two horses, two pigs, and a mini donkey. These details provide insight into Yancey’s personal life and interests outside of his professional endeavors. Yancey has publicly discussed his experience with ADHD, further humanizing his public image.
Real Estate Investments and Goliath Company
Scott Yancey’s ownership of Goliath Company gives him oversight of numerous income properties in the Las Vegas area. The specifics of these income properties are not fully detailed. Still, they are described as essential elements of Yancey’s portfolio and contribute to his total earnings. Specific details regarding the addresses, sizes, or tenant profiles of these properties are not available.
Earnings from “Flipping Vegas”
While the specific salary or episode earnings that Scott Yancey received from “Flipping Vegas” aren’t published, being the executive producer and primary personality of a television show for five seasons undoubtedly brought in a substantial income. Besides, the fame and exposure from the TV series have undoubtedly helped to increase awareness of his real estate seminars and books, which is likely to have boosted revenue for those businesses.
Book Sales and Educational Seminars Revenue
Scott Yancey’s education company attracts 250,000 students per year. The average revenue per student isn’t stated. Similarly, even though two books were written by Yancey about real estate, “Go Time” and “Flipping Your Way to Real Estate Profits,” the total revenue from book sales is not specified. While these are all contributing factors to his income, the concrete numbers are not reported.
