Total Members: 158,564

MauriceS

  • MauriceS replied to the topic Accountant recommendations in Melbourne! in the forum Help Needed! 12 years ago

    Thats what the state revenue office charge.  How much is it in NSW?  I am working on a feaso for a Syndey client at the moment. 

  • MauriceS replied to the topic Accountant recommendations in Melbourne! in the forum Help Needed! 12 years ago

    Terry – $200 down here for stamping a trust.Rob – Looks like l am little late.  But would have been more than happy to have a chat with you.

  • MauriceS replied to the topic 3 townhouses on a 650 sq m block in Whitehorse council in the forum General Property 12 years, 2 months ago

    You will probably need the help of a town planner.Try contactingBreece GevauxHub Town PlanningPh: 0438 026 077Email: [email protected] would be able to tell you if what you are looking at doing is possible.RegardsMaurice

  • MauriceS replied to the topic Taxation query scenario in the forum Hi all
    Just to clarify
    12 years, 2 months ago

    Hi allJust to clarify generally speaking, interest is deductible if the borrowed money is being used for income-producing purposes.  If the borrowed money is being used for private purposes, then interest on this part of the loan is non-deductible.Most of you probably already knew the above but l guess the question that you really want answered…[Read more]

  • MauriceS replied to the topic How to calculate the depreciation ( paper loss) ? in the forum Legal & Accounting 12 years, 2 months ago

    Hi TaylorPrior to answering your question a little more clarification is required with what you mean by "the depreication schedule shown that the property has $7,847 for this year."Do you mean that you have $7,847 that is deductible this year for depreciation on the property or do you mean that there is $7,847 of capital items that are available…[Read more]

  • MauriceS replied to the topic The renovators in the forum General Property 12 years, 7 months ago

    Watching the finale l thought wouldn't it have been a more interesting show if they had bought 6 houses where you could build a unit in the backyard.  Have a budget for the unit and a budget for a cosmetic reno to the existing house.  Cheers Maurice

  • MauriceS replied to the topic Beginner – not sure where I start in the forum Value Adding 12 years, 7 months ago

    Hi Tigermiger,Listen to the advice on this forum and you won't go too wrong.  Great place to start is the section 32 and a chat to the council as well as get the council development guidelines off their website.  Be sure to engage a town planner in what you are planning to do as they will tell upfront whether you are in the ballpark of what you a…[Read more]

  • MauriceS replied to the topic The renovators in the forum General Property 12 years, 7 months ago

    Total entertainment and very unrealistic as it didn't take into account stamp duty, prizes won, selling fees, interest costs and loss of income from their day jobs while they were renovating.  Therefore none of the houses made a profit. Hopefully channel 10 covered all these costs with advertising revenue it would have been a pretty expense pro…[Read more]

  • MauriceS replied to the topic So what rate interest rate are you getting in the forum Hi All,
    Just got 6.9%
    12 years, 8 months ago

    Hi All,Just got 6.9% variable through investec with 6.39% 3 yr fixed or 6.40% 2 yr fixed.RegardsMaurice

  • MauriceS replied to the topic Backyard subdivision in the forum Help Needed! 12 years, 8 months ago

    Hi baysider,Just wondering how your backyard project is going?  My business partner and l have a residential construction company and would be happy to discuss your project with you if you are looking for a builder to JV with you on this project, we are located in the south eastern suburbs of Melbourne.  RegardsMaurice

  • MauriceS replied to the topic Property development in the forum Legal & Accounting 12 years, 8 months ago

    Hi PeterWhat state are you looking at doing this development?RegardsMaurice

  • MauriceS replied to the topic Development on <600sqm in the forum Help Needed! 12 years, 8 months ago

    Hi WeathlyJVD/Sash,I would be more than happy to help you guys out if you needs some estimates on build costs send me a PM and we can discuss further.Once you have endorsed council plans l would be more than happy to help you out on the construction side of things.  My business partner and l specialise in the construction of dual occs and mu…[Read more]

  • MauriceS replied to the topic Recommendation – good draftsman (Bayside area, VIC) in the forum Value Adding 12 years, 8 months ago

    Hi MattHow did you go with your sub-division?RegardsMaurice

  • Hi PaulThanks for your reponse.I've meet with Lewis previously so l will get in contact with him regarding this situation.RegardsMaurice

  • MauriceS replied to the topic Building Costs for Development Project in the forum Value Adding 12 years, 10 months ago

    HiThere are a number of factors to consider to determine build cost.  These are just a few that come to mind after a heavy week so these are not necessarliy the only factors.1. Size of the unit and the inclusions and finishes you are considering.  2. Design is very important when you are building a double story as you can spend a lot of money on…[Read more]

  • MauriceS replied to the topic Property Developers in the forum Help Needed! 12 years, 11 months ago

    Hi PJ,What state are you located in?  What size are the deals?I might be able to help you out if you can provide some contact details.  You can PM me if you preferCheers Maurice

  • MauriceS replied to the topic Is annuity Income recognised in lenders serviceability calculators? in the forum Finance 12 years, 11 months ago

    Hi Richard,Thanks for your reply.Are you able to name the lenders and their products?

  • MauriceS replied to the topic Development Finance Cartoon in the forum Hi Al,
    Great work!!
    Maybe a
    12 years, 11 months ago

    Hi Al,Great work!!Maybe a couple of slides visually showing the numbers behind the deal would be my feedback.Cheers Maurice

  • MauriceS replied to the topic cost of building a townhouse in melbourne in the forum Value Adding 12 years, 11 months ago

    Hi Dougyman,At what stage is your development?Have metricon given you a price specific to your site is that the price of their standard product?Regards Maurice

  • MauriceS replied to the topic Money partners wanted in the forum Creative Investing 13 years, 2 months ago

    Hi Richard,I understand your comments but whatever happened to the 20 in 12 Investors Rule, which allows you to raise up to $2million dollars in any 12 month period from a maximum of 20 investors without a licence as long as the investors are classifed as sophisicated investors which is someone with a net worth of $2.5 million or have earned m…[Read more]

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