Bailout Riches!: How Everyday Investors Can Make a Fortune Buying Bad Loans for Pennies on the Dollar
Praise for Bailout Riches\ "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...
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Praise for Bailout Riches"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 MillionsYou'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 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.
Chapter 1 I've Seen This Movie Before, and Know How It Ends: I Make a Billion Dollars 1What Am I Talking About? 4How This Book Is Organized 5Chapter 2 Realize the Opportunity 11How Loans Become Bad Debts, from the Lender's Point of View 14The FDIC and the RTC 21Two Important Outcomes of Bank Rescues 23When I Realized I'd Seen This Movie Before 24A Perfect Storm of Financial Factors 25Chapter 3 Understand That You Can Take Advantage of It, Regardless of Your Circumstances 33A Secret about Dealing with Borrowers 36Billionaire Principle: You Can't Fail at Trying 53Chapter 4 How to Find Good Deals, Part One 55Various Types of Loans 55Where to Start 59Sources of Loan Portfolios 60Source #1: The FDIC 60Source #2: New Bailout/Stimulus Entities 66Source #3: Brokers 71National Loan Exchange 72Chapter 5 How to Find Good Deals, Part Two 75Source #4: Your Local Bank 75Do These Things and You're Sure to Fail 79How to Approach Your Local Bank 80Your Five-Minute Pitch 96Now You're on Your Way 101Chapter 6 How to Review a Loan Portfolio 105Factors That Affect Loan Collectability 106How to Put It All Together 112Chapter 7 How to Make a Portfolio Offer and Finance It 115How to Calculate the Bid 116How to Prepare the Bid Document 118How You Conduct the Meeting 120The Conclusion of the Meeting 127Get the Deal in Writing 127Financing Your Portfolio 128How to Find the Bank That Will Finance You 132Essential Ingredients for Securing Your Loan 133Loan Proposal Principles 135Non-Bank Financing Sources 143Chapter 8 How to Manage Your Portfolio 145The Mindset of a BillCollector 145The Two Main Approaches That Set You Apart 154To Sue or Not to Sue 165How Many Calls Does It Take? 166Leaving Voice Mail Messages 168Sending Letters 169Always Keep ROI in Mind 170Hiring a Collection Agency 170Chapter 9 How to Dispose of Your Portfolio 181Don't Throw Away-Recycle 181Consider Other Auction Outlets 183Three Kinds of Loans 183Preparing Your Loans for Sale 184The Sales Process 185Chapter 10 Mental Checkup and Reward Time 187Attitude Boosters 188Make One Dollar 197Chapter 11 Get Better to Grow Larger 199The Stages of This Business 199Chapter 12 Where to Go from Here 209Bonus Materials 209Billionaire Business Systems 210Live Events 210Glossary 213Index 217
