Who Is Scott Yancey?
Scott’s never been one for the passenger seat. Whether he’s driving one of his high-performance cars on a race track or driving a smart real estate investment forward, he’s always most comfortable with his hands on the steering wheel. As a Real Estate professional, and published author, Scott started investing in real estate before he could legally drive. Scott did his first real estate deal at the early age of only 14! He purchased a small second trust deed on a home in Studio City, California that earned 14% interest. While most kids his age were more focused on BMX bikes and video games, Scott was busy earning money for his first car. Scott eventually used the interest he earned to help buy his first car, a Mustang. Scott Yancey learned before most kids his age that as a real estate investor, “Your money works for you.”
When Scott went off to college he got a job as a runner for a very successful real estate investment company. His boss, Walter J. Plumb III, told Scott something he has always remembered. Walter told Scott, “The last three runners that worked for me all became millionaires.” Scott didn’t quite understand or believe what he said, as Walter only used him to collect documents, bank deposits, and other odds and ends. It wasn’t until Walter pulled Scott aside one day and suggested that he get his real estate license, take an apartment building he owned, convert it to condominiums and then sell the units with his real estate license. A suggestion was all that was needed, Scott not only got his license but made so much money his first year that he quit his college career and focused on real estate full-time.