Kyle Bass, on The Investor's Podcast, highlighted three US states that have resources, lower costs and business-friendly atmospheres. : Billionaire maverick Kyle Bass has divulged his latest real estate conquests, shedding light on where the smart money is flowing these days. The famed investor, renowned for his audacious bet against the housing market in 2008, is once again lending his advice to Wall Street. In a sit-down with Clay Fink on The Investor’s Podcast, Bass unveiled his top picks for real estate investments: Texas, Florida and Tennessee.