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

Bailout Riches!: How Everyday Investors Can Make a Fortune Buying Bad Loans for Pennies on the DollarAuthors: Bill Bartmann, Jonathan Rozek
Publisher: Wiley

List Price: $24.95
Buy New: $12.44
as of 11/24/2009 23:12 CST details
You Save: $12.51 (50%)



New (39) Used (13) from $12.44

Seller: AlexanderTheGreat
Rating: 4.0 out of 5 stars 33 reviews
Sales Rank: 38885

Languages: English (Original Language), English (Unknown), English (Published)
Media: Hardcover
Pages: 240
Number Of Items: 1
Shipping Weight (lbs): 0.9
Dimensions (in): 8.9 x 6.2 x 1

ISBN: 047047825X
Dewey Decimal Number: 332.632440973
EAN: 9780470478257
ASIN: 047047825X

Publication Date: May 26, 2009
Availability: Usually ships in 1-2 business days
Condition: Will ship immediately!!! Proceeds go to child's college fund.

Customer Reviews:
Showing reviews 16-20 of 33



2 out of 5 stars OK, I'll try...   June 30, 2009
Sucker for PUNishment (Oklahoma, USA)
42 out of 42 found this review helpful

As with any person or organization (church or business) that has achieved any measure of success you will be able to find plenty of negative if you google or yahoo it enough. As a person, I don't care if Bill Bartmann wears a halo or if he rips babies from the womb and eats them whole. I bought the book (through a Brian Tracy joint promotion) in order to use it as a blueprint to wealth and that blueprint hasn't worked.

I like Bartmann's straight forward writing style and his occasional use of humor. I was nearly in the floor laughing at times.

As for the substance, I would call this book a "how did" rather than a "how to". The world has out grown the method.

Bartmann is correct when discouraging the reader from approaching branches of large banks. I actually manage a branch of one of the nation's top 10 banks and Bill is right - you would spend horrid amounts of time getting to someone "in charge" and when you did finally break through you probably wouldn't get anything out of it.

Otherwise, I have discovered through actually utilizing the information in the book that the system Bartmann used 15-20 years ago is now an anachronism. For example, one of the local banks in my town garnishes the wages of charge off DDA and delinquent consumer loan customers. They don't send the delinquent accounts to collection agencies, they keep hammering away until they find a payroll check to garnish. No room for me in that scenario. Another local bank sells the accounts to a collection agency and afterwards the accounts are never seen again - the accounts never return to the bank once the primary collector get hold of them.

At present, I have approached 5 banks - 3 in northeast Oklahoma (Bartmann's homeland) and 2 in northwest Arkansas - using Bartmann's system. So far, I am 0-for-5. I will try a few more however, in this day and age it's pretty easy to quickly run out of local, home town banks to visit. Granted, 5 isn't an incredible sampling, but it's probably 5 more than many of the reviewers here have attempted. Besides, who's going to adopt a new system they read about in a book and visit 53 banks until they find one that will bite?

Final summary: reading how Bartmann amassed his fortune makes for an intriguing read and as a banker I found his explanation of bank operations refreshing and some times hilarious. However it is my experience, vast or minimal that may be, that the system that worked for Bartmann years ago may not work to the same degree today. I wouldn't in 100 years throw around terms like "scam" or "rip-off" but I will use "impractical".





3 out of 5 stars Interesting idea... But can you trust his advice?   June 29, 2009
K. Curtis
1 out of 2 found this review helpful

[...]

Although the idea makes sense and he seems to hold nothing back it definitely sounds a lot easier then it probably is.

I'm sure if you are a hard worker with some very thick skin you can make a mint doing what Bill says. But be smart and don't lose your shirt like Bill has done many times.




5 out of 5 stars Bailout for ME!   June 22, 2009
G.B. (San Diego, CA United States)
0 out of 4 found this review helpful

This book has come along at exactly the right time for me. I've been hit hard by this recession and have been actively searching new avenues for my talents. I would never have even considered the collection business if it weren't for Bill's one hour long video on the net. I found it three days ago and my husband immediately went out and bought Bill's book for me. I read the book the next day, ordered all of his support materials and am working on my business plan today. Bill is clear, approachable, compassionate and - from my point of view as a business/legal consultant for the past 30 years - part of the New Ethical Model that will transform our world.


5 out of 5 stars bailout riches is surprisingly compassionate and do able   June 20, 2009
karen (los angeles, CA)
2 out of 3 found this review helpful

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.


1 out of 5 stars He's spamming everyone   June 10, 2009
G. Vanlaar
11 out of 21 found this review helpful

Now he's spamming every email address he can find in an attempt to sell this book. DO NOT support this book, as you are support a spammer if you do.
Stop spamming, Bill.


Showing reviews 16-20 of 33



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