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

Bill Bartmann created America's largest debt-buying and debt-collection company. Formerly a homeless high-school dropout, he has been listed among Forbes magazine's 400 wealthiest Americans and has twice been named National Entrepreneur of the Year by USA Today, NASDAQ, Inc. magazine, Ernst & Young, and The Kauffman Foundation.

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 Millions

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 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 1

What Am I Talking About? 4

How This Book Is Organized 5

Chapter 2 Realize the Opportunity 11

How Loans Become Bad Debts, from the Lender's Point of View 14

The FDIC and the RTC 21

Two Important Outcomes of Bank Rescues 23

When I Realized I'd Seen This Movie Before 24

A Perfect Storm of Financial Factors 25

Chapter 3 Understand That You Can Take Advantage of It, Regardless of Your Circumstances 33

A Secret about Dealing with Borrowers 36

Billionaire Principle: You Can't Fail at Trying 53

Chapter 4 How to Find Good Deals, Part One 55

Various Types of Loans 55

Where to Start 59

Sources of Loan Portfolios 60

Source #1: The FDIC 60

Source #2: New Bailout/Stimulus Entities 66

Source #3: Brokers 71

National Loan Exchange 72

Chapter 5 How to Find Good Deals, Part Two 75

Source #4: Your Local Bank 75

Do These Things and You're Sure to Fail 79

How to Approach Your Local Bank 80

Your Five-Minute Pitch 96

Now You're on Your Way 101

Chapter 6 How to Review a Loan Portfolio 105

Factors That Affect Loan Collectability 106

How to Put It All Together 112

Chapter 7 How to Make a Portfolio Offer and Finance It 115

How to Calculate the Bid 116

How to Prepare the Bid Document 118

How You Conduct the Meeting 120

The Conclusion of the Meeting 127

Get the Deal in Writing 127

Financing Your Portfolio 128

How to Find the Bank That Will Finance You 132

Essential Ingredients for Securing Your Loan 133

Loan Proposal Principles 135

Non-Bank Financing Sources 143

Chapter 8 How to Manage Your Portfolio 145

The Mindset of a BillCollector 145

The Two Main Approaches That Set You Apart 154

To Sue or Not to Sue 165

How Many Calls Does It Take? 166

Leaving Voice Mail Messages 168

Sending Letters 169

Always Keep ROI in Mind 170

Hiring a Collection Agency 170

Chapter 9 How to Dispose of Your Portfolio 181

Don't Throw Away-Recycle 181

Consider Other Auction Outlets 183

Three Kinds of Loans 183

Preparing Your Loans for Sale 184

The Sales Process 185

Chapter 10 Mental Checkup and Reward Time 187

Attitude Boosters 188

Make One Dollar 197

Chapter 11 Get Better to Grow Larger 199

The Stages of This Business 199

Chapter 12 Where to Go from Here 209

Bonus Materials 209

Billionaire Business Systems 210

Live Events 210

Glossary 213

Index 217