Towny Mustin: Rentals are Great Investment in Utah

A real estate investment is a generally valuable and safe investment. Unlike many other assets, real estate property tends to appreciate over time. A Salt Lake City real estate agent Robert Townsend “Towny” Mustin, believes Utah, in particular, is a great place to invest in a rental property.

Currently serving as a member of the Realtor’s Board for the State of Utah within the Division of Real Estate, Towny Mustin has experience of more than three decades in this field. Utah is the fastest-growing state in the country. In addition, the average price of houses has risen quicker than the country’s average and is predicted to continue in the rising trend, according to Towny Mustin. 

Mustin enumerates an array of benefits for obtaining rental properties in Utah:

Purchase with the means of Leverage

You can borrow money from a bank or someone else to rent a property, increasing the potential return. This is referred to as Leverage. In short, you don’t have to have the complete purchase price in hand to purchase the property. 

People Need a Place to Live Always

The real estate market can fluctuate, but the demand for rental properties will always be there. People need a place to live. So, in the latest trends of tech, real estate investment is here to stay. Besides, the demand and need for rental properties will only increase over time. 

Worked for Millions before Mustin

Since the dawn of human civilization, owning and leasing out residential property has built the wealth of landlords. It is the proven concept handed down by millions of successful real estate owners and investors before Mustin. 

Simple and Straightforward

Though Mustin has never claimed that working with rental properties is easy, he maintains his word while being relatively simple. The strategies are not overly complicated to master for success. 

Amazing Variety

Rental properties offer a remarkable amount of variety within the asset class. You can invest in large multifamily apartments, small multifamily properties, single-family houses, office buildings, transient, Section 8, high end, low end, and others. Moreover, within each class, you can find smaller properties, more significant properties, shorter, taller, older, newer, beautiful, and many more. You have unlimited options. 

Predictable and Stable

Although market collapse and another such event so occur, rental property owners investing those who invested for long-term gains didn’t suffer like the one who bought to be ‘fancy.’ In addition, real estate crash is predictable for those who pay attention like Towny Mustin. The prominent defining feature of the real estate sector is the boom and bust cycle. Once you learn this cycle, then the saying “buy low, sell high” becomes easier to achieve. 

Wrapping Up

A Gold Standard Award winner from the Utah Association of Real Estate Brokers, Towny Mustin has the knowledge backed by the immense experience to invest in properties. Mustin has profited from all of the significant profit sources of real estate with investment in rental properties, including loan pay down, Appreciation, Cash flow, and tax benefits. Reach out to him to maximize your profits in real estate.