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These are the two locations Cardone recommends buying in right now.
The real estate mogul also revealed theNo.
1 mistake to avoid when investing in real estate.
There are more bad places to buy real estate than there are good places, he said.
There are actually very few great places to buy real estate.
The best places to buy in right now are major cities, particularly in Southern California, Cardone said.
Im trying to buy something in San Diego and Orange County right now, he said.
If it takes longer to build, that means the product is scarce.
And if the product is scarce, that means investors make more money on it when they own it.
These areas are also home to people who are willing and able to pay premium prices for housing.
This is whereall the rich peoplelive, Cardone said.
Jackson, Mississippi, has the worst housing market in the country, he said.
Its the cheapest, but theres no jobs, theres no opportunity.
Its just dead its a dead market.
There are parts of Michigan that are never going to recover.
There are all these spots across America that are just dead zones.
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