Wouldn't touch them for anyone's money: Grant Cardon on real estate investing in the U.S.

Internationally renowned real estate investor Grant Cardoni gave his opinion on two U.S. real estate markets he wouldn't put his money in: Austin and Seattle. Cardoni shared this viewpoint - and many others - in an interview with Moneywise after he asked artificial intelligence to answer the question, "What are the 10 best markets to invest in rental real estate in America? "

The artificial intelligence's answer began by saying that "the best markets for investing in real estate in America can vary depending on factors such as population growth, job opportunities, rental demand, affordability and potential rental income. "

Cardoni had been satisfied with the answer up to that point, but''(Washington).

But Cardoni wasn't satisfied with that answer.

Cardoni did not cite the source of his "most crowded markets" claim, but earlier this year Redfin also named Austin, Seattle and Denver among the fastest cooling real estate markets.

It's important, however, to always take the advice of such financial experts with a degree of skepticism. Cardoni has been the subject of lawsuits in recent years over allegations of defrauding investors.

He denies these allegations and