Payment Split : 20% / 80%
Partnership Equity Split : 30% / 70%
| # | Expense Amount | Expense Type | Date added |
|---|---|---|---|
| 1 | $7,200.00 | Property Purchase Price | 09/22/2017 |
| 2 | $3,900.00 | General Rehab Repairs | 12/14/2018 |
| 3 | $5,200.00 | General Rehab Repairs | 02/06/2019 |
| 4 | $2,400.00 | General Rehab Repairs | 02/16/2019 |
| 5 | $7,500.00 | General Rehab Repairs | 11/08/2020 |
| 6 | $550.00 | General Rehab Repairs | 11/23/2020 |
| 7 | $550.00 | General Rehab Repairs | 06/26/2021 |
| Purchase price : $7200 | Total Rehab Cost :$20,100.00 | All-In Property Cost : $27,300.00 | |
| # | Expense Amount | Expense Type | Expense Note | Expense Document | Date added |
|---|---|---|---|---|---|
| 1 | $7,200.00 | Property Purchase Price | 09/22/2017 | ||
| 2 | $694.00 | County Taxes | Summer tax 2017 | 09/22/2017 | |
| 3 | $633.02 | City Taxes | City of Detroit | 09/03/2018 | |
| 4 | $60.00 | Lawncare | 09/25/2018 | ||
| 5 | $60.00 | Lawncare | 11/15/2018 | ||
| 6 | $3,900.00 | General Rehab Repairs | $13,000 rehab approved. Sharp paid $3,900 on 12/14 | 12/14/2018 | |
| 7 | $48.38 | City Taxes | Detroit Winter Taxes 2019 | 01/22/2019 | |
| 8 | $5,200.00 | General Rehab Repairs | $5200 paid Sharp on 2/6 | 02/06/2019 | |
| 9 | $2,400.00 | General Rehab Repairs | Sharp paid $2,400 on 2/16 | 02/16/2019 | |
| 10 | $322.66 | City Taxes | Autoagent 2019 Taxes paid by ACH 1st 1/2 payment | 08/12/2019 | |
| 11 | $371.27 | City Taxes | 2nd half summer 2019 + winter taxes 2020 | 01/10/2020 | |
| 12 | $285.58 | Miscellaneous | Rami & Martin expenses | 02/10/2020 | |
| 13 | $50.00 | Inspection | Contractor bid, punchlist, inspection | 02/26/2020 | |
| 14 | $326.48 | City Taxes | 1st 1/2 summer city taxes 2020 AA | 08/14/2020 | |
| 15 | $7,500.00 | General Rehab Repairs | $7,500 approved. $3750 paid Tyson on 11/8/20. Tyson paid $3750 on 11/9/20 | 11/08/2020 | |
| 16 | $550.00 | General Rehab Repairs | 3 windows, faceplates and fixtures | 11/23/2020 | |
| 17 | $417.96 | Miscellaneous | Insurance | 12/22/2020 | |
| 18 | $100.00 | Miscellaneous | Dec and Jan Frontpoint alarm | 01/26/2021 | |
| 19 | $481.54 | County Taxes | Winter and partial Summer taxes | 02/03/2021 | |
| 20 | $80.00 | Lawncare | March and April Lawncare | 05/05/2021 | |
| 21 | $80.00 | Lawncare | May and June Lawncare | 06/08/2021 | |
| 22 | $673.64 | Final Funds (Purchase) | $30760.89 spent at closing on 6/21/21. Final funds to close | 06/21/2021 | |
| 23 | $1,250.00 | Miscellaneous | Land Contract sale commission | 06/25/2021 | |
| 24 | $350.00 | Miscellaneous | TC and Underwriter fee | 06/25/2021 | |
| 25 | $550.00 | General Rehab Repairs | Lawncare, exterior sale cleaning, and door replacement for closing | 06/26/2021 | |
| 26 | $154.00 | Miscellaneous | Closing printing, notary, overnight | 07/01/2021 | |
| 27 | $546.31 | Rent | Mortgage payment 7/17/21 | 10/04/2021 | |
| 28 | $546.31 | Rent | Mortgage payment 8/17/21 | 10/04/2021 | |
| 29 | $491.31 | Rent | Mortgage payment 9/17/21 | 10/04/2021 | |
| 30 | $596.31 | Rent | Mortgage payment 10/17/21 | 11/22/2021 | |
| 31 | $0.54 | Rent | Mortgage payment 11/2/21 | 12/14/2021 | |
| 32 | $191.12 | Miscellaneous | RHMS land contract insurance | 01/26/2022 | |
| 33 | $558.81 | Rent | Mortgage payment 12/17/21 | 02/22/2022 | |
| 34 | $546.31 | Rent | Mortgage payment 1/17/22 | 03/21/2022 | |
| 35 | $546.00 | Rent | Mortgage payment 7/17/22 | 09/26/2022 | |
| 36 | $546.66 | Rent | Mortgage payment 8/17/22 | 12/16/2022 | |
| 37 | $1,850.78 | Rent | Mortgage payment 9/22 through 11/22 | 03/09/2023 | |
| 38 | $547.00 | Rent | 12/17/22 | 03/23/2023 | |
| 39 | $275.00 | Miscellaneous | Notaries for each Borrower and Seller closing notaries | 06/06/2023 | |
| 40 | $546.14 | Rent | Mortgage payment 1/17/23 | 07/24/2023 | |
| 41 | $120.00 | Miscellaneous | LC deal notaries and copy costs | 09/07/2023 | |
| 42 | $20,090.48 | Miscellaneous Profit | LC Note Sale | 09/11/2023 | |
| 43 | $866.08 | Miscellaneous | Delinquent taxes needed to record LC deal | 10/21/2023 | |
| 44 | $2,731.90 | Rent | Mortgage payment 11/17/21 through 5/17/22 | 08/09/2025 | |
| Overall ROI : 85.66 % ROI (2017) : 0.00% ROI (2018) : 0.00% ROI (2019) : 0.00% ROI (2020) : 0.00% ROI (2021) : 58.64% ROI (2022) : 1,149.95% ROI (2023) : 1,826.56% ROI (2025) : inf% |
Overall Profit/Loss: -$5,045.87 Profit/Loss (2017) : -$7,894.00 Profit/Loss (2018) : -$4,653.02 Profit/Loss (2019) : -$7,971.04 Profit/Loss (2020) : -$9,501.29 Profit/Loss (2021) : -$1,538.40 Profit/Loss (2022) : -$2,006.66 Profit/Loss (2023) : -$21,773.32 Profit/Loss (2025) : -$2,731.90 |
Total Admin Owed : $0.00 Total Client Owed : $0.00 Total Owed : $0.00 |
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Maxim Holdings specializes in finding off-market, bank or hedge-fund owned investment opportunities for investors of any size at significant discounts. We take sub-par properties and turn them into passive income cash flow earning machines.
