When investors like Kyle Bass talk, investors listen. Bass, whose story was immortalized in Michael Lewis's book "The Big Short," first predicted then profited from the 2008 financial crash. With that in mind, real estate investors everywhere should pay attention to his most current advice, which is to follow migration trends and buy real estate in those areas. Bass is buying large tracts of rural land in Texas, Florida and Tennessee. Those states have specific traits that give real estate the potential for high upside. First, they have a lot of rural land.