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I'm half way through the book and it's easy to follow and understand. The author gives a steps by step plan to follow to get the reader to start a profitable business.
The book references the author's website which has more useful resources to get your business up and running: http://www.BillionaireU.com/go.aspx?AID=3427
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Bill Bartmann has done a really great job in introducing the public to a massive business opportunity in the purchase and monetization of bad loans. Well, it is no surprise that he is an expert in this field, since he made his 1st Billion doing the exact stuff he teaches in the book. Bill is a natural teacher who lays it out in an idiot-proof manner how you can go from nothing to a lot of money by employing what he calls the "compassionate art of debt collection". Instead of using the tired and aggressive style of the traditional debt collector's method of harassing the consumer, you approach the situation as someone who is able to provide a solution to the harassed debtor. In the process, it is a win-win situation for both parties. Bill details all the steps you need to take to etablish and thrive in your debt collection business. From how to find a good place to purchase the debt portfolio, to making the correct (and profitable!) bid, to tactics that work in debt collection. He emphasizes that you make money at the purchase of your debt portfolio.
I enjoyed reading the book immensely, and I would recommend it to anyone who wants to understand how the debt collection (and monetization!) business works. If you are thinking of actually going into the business in the face of the tremendous opportunity provided by the current recession, don't even start without reading this book. It's worth more than 30 Hours of study at a business school.
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Bill has really grabbed my attention with this book.
Give us more Bill !
Bailout Riches!: How Everyday Investors Can Make a Fortune Buying Bad Loans for Pennies on the Dollar
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Book received in vendor designated timeframe and in good condition. Would use this vendor again.
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Good book. Lot of information. Its a good idea and a niche market to start your business in this area.
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