Blogging for review of many books....!!

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

by Bill Bartmann (Author), Jonathan Rozek (Author)

Product Description

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 pennies on the dollar. It gets even better: There are ways to buy that debt with no money of your own.

Society's collective pain from this crisis means that it's unlikely to occur ever again on this scale. Investors with the right roadmap are poised to profit spectacularly. Bartmann lays out a step by step plan on how to find the best deals from the federal government, local Financial Institutions, and loan brokers. The spectrum of loans that are available include: credit card debt, consumer loans, business loans, commercial loans, and real estate loans.

You’ve heard about the massive government bailout of the financial sector and its cost to taxpayers. Couple that with skyrocketing unemployment and a shrinking stock market and you might think this is a terrible time to invest in anything. But you’d be wrong.

In Bailout Riches!, Bill Bartmann shows you how to invest in the bailout itself and take your own cut of the trillion-dollar pie. What does Bartmann know about bailouts? Only that the last big-time government bailout-involving the savings and loan crisis and the government’s Resolution Trust Corporation- made him a billionaire. This time around, the bailout is much bigger and opportunities for profit are much greater.

"Who better to teach you how to prosper from this economic chaos than a man who actually took himself from ‘bankruptcy to billionaire’ during the last crisis."--Ken Blanchard, coauthor, The One Minute Entrepreneur

"Bill Bartmann is more than a great financial success story; he is a phenomenal teacher who has helped thousands of my students achieve success. Bailout Riches will show you how you can prosper during these tumultuous times." --T. Harv Eker, author, New York Times #1 bestseller, Secrets of the Millionaire Mind

"When the economy is in crisis, Bill Bartmann finds the diamond in the rough. The information in this book made him a billionaire fourteen years ago during the S&L crisis. Now the economy is cratering again and his methods are working better than ever. Read this book and discover a hidden source of wealth all around you."--David Lindahl, author of Emerging Real Estate Markets and Multi-Family Millions

From the Inside Flap

In the current bailout, billions of taxpayer dollars are being used to buy bad debts from banks in order to keep those banks solvent as borrowers default on loans. These bad debts are being sold for pennies on the dollar to anyone willing to buy them. But just because these are bad debts doesn't mean they're worthless investments. Imagine this: you buy a $5,000 bad loan for just $250. You approach the borrower in default and offer them a chance to settle that $5,000 debt for just $500. If they agree, you've made a one hundred percent profit on your investment, the bank has the loan off their books, and the borrower is out of debt. It's a win-win-win situation!

If that sounds like fantasy, it's not; it's how Bartmann made his fortune and how you can make yours, too. But if his ideas worked so well, why would Bartmann share them? Simple—there's plenty to go around.

In fact, over the next year or two, somewhere around $1 trillion of debt will be written down and sold to buyers at ridiculously cheap prices. Now is the time to get your share.

Bailout Riches! lays out a step-by-step plan for finding the best deals on loan packages, building a valuable debt portfolio, and collecting from debtors with little hassle. It's simple, it's practical, and it's cheap to get started. If you're looking for a new way to make real money, Bailout Riches! will show you how to jump on the biggest gravy train in recent history.

The People Who Read This Book Will End Up WithYour Money!, June 2, 2009
By Alexander J. Berardi

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

Bill Bartmann is making it easy for anyone to make money!, June 2, 2009
By Tracy Repchuk Marketing Makeover Maestro "Tra... (Burbank, CA USA)

Bill Bartmann's story alone is worth the purchase of this book given the
destitution he came from. But that's not where he ends it. He gives a practical approach to take advantage of a current economic climate so you can create your own financial freedom, and finally benefit from what is happening right now.

His experience is your opportunity. If you want to make money, follow the steps that a billionaire made and I'm certain you'll have recouped this investment and much, much more.

Tracy Repchuk
Best selling author of 31 Days to Millionaire Marketing Miracles