Bailout Riches! How Everyday Investors Can Make a Fortune Buying Bad Loans for Pennies on the Dollar, by Bill Bartmann
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"I`ll tell you exactly where I was when I decided to write this book: I was on my exercise bike, watching the news about the $700 billion government bailout bill that had just passed…By the 3rd step, I could recite out loud each step before the Assistant Secretary of the Treasury did. How could I possibly know what he was going to say before he said it? Because I had seen this movie before, and I know the ending… I make a billion dollars."Bailout Riches! Author Bill Bartmann (from the first chapter) HOBOKEN, N.J.--(Business Wire)-- Bill Bartmann, the "Billionaire Business Coach" is sharing information on the lucrative business of buying bad debt with everyday citizen investors, and teaching his ten steps to the money-making cycle in his new book BAILOUT RICHES!: How Everyday Investors Can Make a Fortune Buying Bad Loans for Pennies on the Dollar (Wiley, June 2009, hardcover price: $24.95, ISBN: 978-0-470-47825-7). Most people think the $700 billion U.S. government bailout is the solution to a brand-new crisis. But a similar event occurred in the 1980's, on a smaller scale. During that banking crisis, Bill Bartmann went from being bankrupt to a self-made billionaire by investing in assets the government was liquidating. And he didn`t use any of his money. With a million dollars in debt, he borrowed $13,000 to buy bad loans…and the rest is history. Commercial Financial Services (CFS) developed into a $3.5 billion company with over 3500 employees and had made its name on its ability to buy delinquent credit card accounts for pennies on the dollar, and then produce nickels, dimes and quarters - an ability the firm eventually took to Wall Street. This time around, the opportunity is even bigger! In the book, Bartmann walks readers, step-by-step, through the process of buying opportunities with 100 percent financing.Everyone is looking at the same news coming out of Washington, but only a few people are seeing what it means in terms of financial opportunities.Bartmann shows how to interpret the information in order to recognize the up side, and to know how to turn bad loans into financial gains. According to Bartmann, "It`s not the `big boys` of the financial industry who stand to profit.It`s the small and nimble investor," and the book outlines everything one needs to know to be successful from finding good deals and approaching your local bank to collection strategies and how to review a loan portfolio. Features include: * Realize the opportunity: Everyone is looking at the news coming out of Washington, but only a few people are seeing what it means. Bartmann dissects the $700 billion bailout to highlight this astonishing opportunity. * Understand how you can take advantage of it, regardless of your circumstances: We all have disadvantages, shortcomings, and unfair circumstances of one type of another. Bartmann shows you how they can succeed despite the situation. * Get prepared: Implement Bartmann`s system, taking it one step at a time. * Contact suppliers: Aside from the "failed mortgages" we hear and read about each day in the news, find out what "rainbow" of other asset opportunities are available. * Analyze opportunities: If you don`t know what to make of a great opportunity, you can hardly take advantage of it. Bartmann guides you through the investment opportunities and how to analyze deals quickly. * Land your first deal: As a new investor, you must learn to act on opportunities. Learn how to take action, quickly! * Manage your deal: You lock in your profit when you invest in an opportunity, but you turn that profit potential into actual dollars only by managing it. Find out how to become your own asset manager. * Wrap up our deal: After you have maximized the value of your deal, it`s time to move on. Bartmann walks you through the exit strategies, and when to choose them. * Reward Yourself: The purpose of this book is to show you the path to exceedingly large rewards. * Get better, to grow larger: Bartmann will guide you to growing your endeavor. "When you start before you`re ready, you have just shown your true spirit of entrepreneurship and success," states Bartmann. With the right roadmap, smart investors are poised to profit spectacularly. Bartmann`s step-by-step system is a blueprint to get started in the bad-loan business. It is the ultimate "entry-level" business. Bill Bartmann is the "Billionaire Business Coach." He is the only self-made billionaire who has devoted his life exclusively to teaching others, and is the leading authority on entrepreneurship in America. He has created seven successful businesses in seven different industries, including a $3.5-billion, 3,900-employee international company that he started from his kitchen table with a $13,000 loan. He has been named National Entrepreneur of the Yearby NASDAQ, USA Today, Merrill Lynch and the Kauffman Foundation. One of his companies was named in Inc. magazine`s "500 Fastest-Growing Companies in America" for four years in a row. He has been awarded a permanent place in the Smithsonian Institute`s Museum of American History and has also been awarded the American Academy of Achievement`s Golden Plate Award for being one of the Outstanding Achievers of the 20th Century. Founded in 1807, John Wiley & Sons, Inc. has been a valued source of information and understanding for 200 years, helping people around the world meet their needs and fulfill their aspirations. Since 1901, Wiley and its acquired companies have published the works of more than 350 Nobel laureates in all categories: Literature, Economics, Physiology or Medicine, Physics, Chemistry and Peace. Our core businesses publish scientific, technical, medical and scholarly journals, encyclopedias, books, and online products and services; professional/trade books, subscription products, training materials, and online applications and websites; and educational materials for undergraduate and graduate students and lifelong learners. Wiley's global headquarters are located in Hoboken, New Jersey, with operations in the U.S., Europe, Asia, Canada, and Australia. The Company's Web site can be accessed at http://www.wiley.com. The Company is listed on the New York Stock Exchange under the symbols JWa and JWb. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5971379&lang=en. John Wiley & Sons, Inc. Jocelyn Cordova, 201-748-6249 Jcordova@wiley.com or for Bill Bartmann Danielle Nacco, 347-248-1677 Danielle@erichopr.com Copyright Business Wire 2009
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