As many of my readers know, I love to discuss strategy on great investments. Especially when those investments involve real estate.  Here™s a great quote from motivational author Joe Vitale; “What does money like? Money likes speed. That’s the secret few know about money. Money comes to those who act fast. If you think, wonder, question, doubt, plan, meet, discuss, or in any other way drag your feet, money goes to the next person in line.”

It seems that many would-be real estate investors don’t understand that the time to invest is when difficult times come along. When the news media is wringing its hands about the economy, when people are stressed and worried about money and not thinking clearly about the future, that is the time to invest. Time Magazine writer Dan Kadlec puts it best when he wrote in his article œIgnore The Headlines: œWhen prices are falling, few people have the discipline to buy stocks, a house, gold, art or any other asset. But those who do pull the trigger excel in the long run. As John D. Rockefeller famously said, ‘The way to make money is to buy when blood is running in the streets.’”

Well,  blood is definately in the streets right now in March 2008 as the “sub-prime mortgage crisis” and “credit crunch” take thier toll on banks and mortgage companies. Just today I read that Thornburg Mortgage shares dropped by over 50% (Read “Thornburg Stumbles” at Forbes.com). My current recommendation is to take the advice of Mr. Vitale above and act fast on opportunites you see to buy  real estate. If you can buy at 20% to 30% below market value (forclosures are a great way to do this) you may be someone whom money likes…