Bailout Riches!: How Everyday Investors Can Make a Fortune Buying Bad Loans for Pennies on the Dollar

by Jonathan Rozek and Bill Bartmann

Book Overview

What is the investment opportunity from America's financial crisis? Somewhere north of one trillion dollars of debt--mortgages, credit cards, and other forms--will be written off and sold to buyers at... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 047047825X
• ISBN13: 9780470478257
• Release Date: May 2009
• Publisher: John Wiley & Sons
• Length: 229 Pages
• Weight: 0.95 lbs.
• Dimensions: 0.9" x 6.3" x 9.3"

Customer Reviews

bailout riches is surprisingly compassionate and do able

I was surprised to open the book and find it so readable, and filled with such kindness and the insistence that everyone deserves to be treated with kindness and respect--no matter what. That is what I believe as well and it is refreshing to read that in a book about making money from other's misfortunes--but then again, my perspective was shifted on that, in seeing how a person doing debt buying could actually be helpful to the borrower because they could offer terms better than a bank and could still help them improve their credit and also learn that they are worthy of being treated with kindness and respect--many debtors receive the opposite from professional bill collectors. I read the book in one night. I highly recommend it. This is a time when we can really solve more people's problems and make money doing it.

***Exceptional Road Map To Self Sufficiency and Wealth***

I first received an email about Bill Bartmann's Book Bailout Riches on June 2, 2009 and went and ordered the book because I was curious to learn more about the bad loan industry and hear Bill's rags to riches story! I visited his website and watched several video's and I liked his presentation and could relate personally to some of his past experiences myself. I had never heard of Bill Bartmann, his book, stories or seminars before! I did hear years ago that several people took advantage of the bad loan opportunity during the past two financial crisis's of the 1980's and 1990's and became quite wealthy. Having 30 years in the real estate industry and running into some of these rags to riches folks myself personally, like my Mentor in the 1980's Robert Allen, whose book Nothing Down, changed my life, and hearing their intriguing stories only solidified my belief that it is very possible for the average guy or girl to take a book like Bill's and learn from it and use it as a proven roadmap to wealth! How do they know it really works?, Is proven 100% only by taking the new knowledge and taking action themselves. I read Bill's Bailout Riches and found it to be one of the best books I have ever read! The book arrived by mail on June 6th 2009 and I devoured the entire 229 page book in one evening because I frankly could not put it down. I don't care what the Naysayers and Nancy negatives think. If you are looking for a well done and presented roadmap to financial independence then I would highly recommend Bill Bartmann's Bailout Riches and make sure you visit his website too! Thank You Bill For Sharing Your Heart and Knowledge in a well done book that is absolutely a gem! Blessings To All! Rick Bryce, Real Estate Broker, Real Estate Auctioneer, Northern Virginia

The Truth About Bailout Riches

As a publisher I received an advanced copy of "Bailout Riches", with the publishers hopes that I would publish an excerpt or review in my magazine. Truth be told, the title made every cynical red flag go off in my brain. However, as I know and respect the author, Bill Bartmann, I tried to keep an open mind as I started reading. Here are my 3 main takeaways, if you're considering purchasing this title: 1) The detail and substance of the book belie the "get rich quick" title; 2) I don't understand why the author would put in all of the step by step information he sells in his expensive $20,000 seminars; 3) Learning how to work with collection agencies so I could outsource the grunt work of collecting on the bad debt owed to the banks (I do have a day job after all) so I could passively make money from this business opportunity, has me seriously considering jumping in and doing it myself. No doubt it's a well thought out book, from a guy who knows an extraordinary amount about government bailouts, banks and bad debt collection. It does an admirable job providing a detailed roadmap for "the rest of us," non-financial gurus, to take advantage of a business opportunity that by any standard is immense. Larry Genkin Publisher Blogger & Podcaster Magazine

Step-by-Step Guide to Get Started in Debt Buying Biz

I got my copy of Bill's book when it first came out in May, and have read the whole thing. It is truly a manual on how to profit from this poor economy. If anyone can teach the process of buying bad debt and collecting it, Bill Bartmann's the guy. After all, he is the one that turned a home based business ("beginning at his kitchen table" as he writes in the book) into a multi-billion dollar company. Even through the adversity of a business partner whose wrong doings caused the collapse of the company, Bill stood strong and was acquitted of all charges. Bill is now sharing what he learned during the financial crisis of the 1980s (in this book and at his live events) with those that want to take advantage of the opportunity that is available today. That's generous of a man who could easily retire and just spend time with his grandchildren. I understand the book shot to No. 1 because of free bonuses that were offered to those that purchased the book on June 2. I wish I had waited, but I saw Bill on the Fox Business Network and wanted to get the book as soon as it came out. If you purchase this book, you need to understand that buying bad debt and collecting on it is not an easy, get-rich-quick scheme. It's simple, but it does take work and an understanding of the business to get started. If you are wanting to start a new business and are looking for a great opportunity in this current economic climate, then you should read "Bailout Riches" and devote your attention to learning the steps laid out in this book.

The People Who Read This Book Will End Up WithYour Money!

They all laughed when he said he was going to dig himself out of bankruptcy and become rich by buying up other peoples bad debt. But their laughter turned to envy when Bill Bartmann's face appeared on the cover of Inc. Magazine as one of America's wealthiest men. It was the craziest scheme I had ever heard of, and that's exactly what got my attention. I first met Bill Bartmann when I interviewed him for a book I was writing. I didn't know what to expect as I sat in his waiting room, high atop his 55 story office building. Maybe I pictured a kinda sleazy, high-finance Wall Street type. After all, he was in the debt collection business, and the people I talked to said he was making money "hand over fist." Or maybe I thought he would be one of those stuffy, pinstriped, look-down-their-nose-at-you banker types. I honestly can remember what I was thinking, but I can tell you this: whatever I pictured? Well, it sure wasn't what I got. Have you ever met a stranger and felt as if you've known him all of your life? There's just something so "real" about Bill. Maybe it's his sincerity, which reveals itself in his quiet smile, or his strength of character and integrity which has stood strongly against hurricane force envy and jealousy, or perhaps it's just Bill's intractable, bull-headed determinism. (I once knew a stubborn ol' mule that would have bowed with respect in his presence.) Whatever that special quality is, all I can say is that it makes Bill the kind of person that you feel you should trust. The story of how Bill Bartmann went from street punk to self-made billionaire made its way into my book. And as that book made it's way around the world to become a million-copy bestseller, Bill Bartmann made his way around the world on a crusade to empower what he lovingly calls, the "little guy." Bill is what I call a CounterThinker--a person who looks at the same thing everyone else does, yet sees something entirely different. Where everyone else saw crisis--a collapsing banking system and mountains of bad debt, Bill saw opportunity. That kind of vision is what made him rich and famous during the first credit meltdown, and its also why, if you're even the slightest bit smarter than a rotten sweet potato, you should be listening to him now. No one could have foreseen economic lightening striking twice in the same place, but now that it has, you have the opportunity of your life--to cash in on the billions of dollars of government money that will only go to those who are, as granny used to say, "in the know." Bailout Riches puts you "in the know." Bottom line: The people who read this book will end up with your money. Alexander J. Berardi- author, Never offer Your Comb to a Bald Man, and host CounterThink.TV