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"My wife and I first noticed 21st Century in late 2002. We were looking for an investment property but just needed a bit of confidence. Completed the homestudy course and went looking for a $300,000 home. The first base was calling the Bank Manager and explaining that we wanted to use equity in our home, borrow all the money interest only. In May 2003 we found a $500,000 property, valued at $540,000 which had a house, 3 x 2 bedroom flats and a huge shed all of which we rented out. The income nearly covered the outgoings. I reasoned that if the property was going to double in 10 years that's a superannuation of $50,000 per annum. Even if you had to top it up by $5,000 per year you would still take it. May 2007, 4 years later we have sold it for $975,000 nearly doubled in 4 years. We cashed out to reduce bad debt on our own property but we are now in the market for another one or two." CARL & STEPHANIE LUCAS
