We needed to make deal number #1 high performer to set him up to go again as we were relying on this equity to keep building out their portfolio. Their goals were in 10 years time when the kids are starting high school, to be able to have $40k-$50k+ per year to put towards having really nice holidays every year!
Bought in SE, QLD for $355,000
Did some extensive renovations and property has been revalued at $540,000!!
Has since bought a second property with the equity in another growth location roughly $25,000 below market