"We’re in a race to get it done and get it sold." Please strip it,’ " Scott said of the properties he purchases. "When you have a foreclosure sign on the house, it’s saying, ‘Vandals, homeless: Welcome. Once a property is purchased for the flip, the race against time pushes the show to even more drama, action and stress. Always on the look out for local Realtors to add to his brokerage, Goliath Properties, he said his team finds him properties in exchange for its appearance on the show and commission on both the buy and sell. He needs cheap houses that he can buy with cash and invest in as little as possible. Scott said it’s difficult to find a property that works for a profitable flip. His own office is under construction.īut the flip business is not without its challenges, Scott said, noting one of his favorite sayings: "You have to get rid of the word ‘no.’ Anything great is not easy." He might be doing that yet again, as he is considering pursuing flipping commercial real estate as well. "You have to take advantage of the opportunity today." "In the real estate business, you need to reinvent your game as things change," he said. With changes in the economy, he now buys homes for $100,000 to $500,000 and flips them for an average 20 percent profit. Scott bought 50 properties that year and made almost a 40 percent profit on each one. In 2008, while having coffee with his wife, the then-land development businessman overheard someone say it was possible to buy a house in Vegas for as little as $36,000. "I believe in the flip business," said Scott, adding he has made a profit on every property he has purchased. The last scheduled episode is set for noon Saturday on A&E, but Scott said the producers are considering adding six more episodes to the season. Hualapai Way, Suite 107 - is wrapping up its first full series of seven episodes. The show - which features Scott’s Spring Valley business, Goliath Company, at 4280 S. The drama is just part of their stressful, successful business - and now, their reality show, "Flipping Vegas." Working on tight deadlines to transform run-down abandoned properties for profit, the show follows their work, which the couple say is always full of action in the city that never sleeps. Once, she instructed the work crew to jackhammer out old tile so she could get her way. "To a point."Īmie doesn’t always let the black lines her husband draws through her design proposals scare her, though. "It makes it sell," Amie retorts with a grin. Um, hello," Scott quips, shooting a look at his wife with a laugh. "She asks for slabs (of tile) that cost $7,000. The problem: His interior designer Amie doesn’t settle for "vanilla decorating" and is notorious for lavish expense requests. Expert house flipper Scott Yancey is not afraid to admit he is a stickler with his budget.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |