Payment Split : 20% / 80%
Partnership Equity Split : 30% / 70%
| # | Expense Amount | Expense Type | Date added |
|---|---|---|---|
| 1 | $2,500.00 | EMD (Deposit) Payment | 09/27/2017 |
| 2 | $6,881.47 | Property Purchase Price | 09/27/2017 |
| 3 | $2,340.00 | General Rehab Repairs | 09/27/2017 |
| 4 | $2,340.00 | General Rehab Repairs | 11/08/2017 |
| 5 | $1,500.00 | General Rehab Repairs | 11/08/2017 |
| 6 | $4,167.00 | General Rehab Repairs | 07/18/2020 |
| 7 | $5,700.00 | General Rehab Repairs | 09/13/2020 |
| 8 | $1,100.00 | General Rehab Repairs | 09/22/2020 |
| 9 | $150.00 | General Rehab Repairs | 07/01/2021 |
| Purchase price : $9381.47 | Total Rehab Cost :$17,297.00 | All-In Property Cost : $26,678.47 | |
| # | Expense Amount | Expense Type | Expense Note | Expense Document | Date added |
|---|---|---|---|---|---|
| 1 | $36.57 | Arcana Insurance Payment | Arcana | 09/27/2017 | |
| 2 | $45.36 | Arcana Insurance Payment | Arcana | 09/27/2017 | |
| 3 | $43.91 | Arcana Insurance Payment | Arcana | 09/27/2017 | |
| 4 | $45.36 | Arcana Insurance Payment | Arcana | 09/27/2017 | |
| 5 | $43.91 | Arcana Insurance Payment | Arcana | 09/27/2017 | |
| 6 | $45.36 | Arcana Insurance Payment | Arcana | 09/27/2017 | |
| 7 | $45.36 | Arcana Insurance Payment | Arcana Insurance Feb | 09/27/2017 | |
| 8 | $40.97 | Arcana Insurance Payment | Arcana March 2017 | 09/27/2017 | |
| 9 | $45.36 | Arcana Insurance Payment | Arcana March | 09/27/2017 | |
| 10 | $43.91 | Arcana Insurance Payment | Arcana May | 09/27/2017 | |
| 11 | $2,500.00 | EMD (Deposit) Payment | paid 5/27 (Martin) | 09/27/2017 | |
| 12 | $6,881.47 | Property Purchase Price | final funds paid 6/27 (Rami) | 09/27/2017 | |
| 13 | $1,305.90 | County Taxes | 2016 | 09/27/2017 | |
| 14 | $804.63 | County Taxes | 2017 | 09/27/2017 | |
| 15 | $2,340.00 | General Rehab Repairs | $7800 repair bid (Jim Sanders) - $2,340 paid 9/14 | 09/27/2017 | |
| 16 | $2,340.00 | General Rehab Repairs | 2nd progress payment | 11/08/2017 | |
| 17 | $1,500.00 | General Rehab Repairs | 3rd progress payment | 11/08/2017 | |
| 18 | $100.00 | Utility Turn On | Power and Gas | 11/17/2017 | |
| 19 | $150.00 | Water Bill | Service start fee | 11/28/2017 | |
| 20 | $100.00 | Setup Fee | 12/22/2017 | ||
| 21 | $50.00 | Utility Turn On | 12/22/2017 | ||
| 22 | $18.09 | Electricity Bill | 01/27/2018 | ||
| 23 | $356.04 | Arcana Insurance Payment | 2017 Remainder | 01/29/2018 | |
| 24 | $89.14 | County Taxes | 2017 Winter Taxes | 02/02/2018 | |
| 25 | $18.10 | Electricity Bill | 02/14/2018 | ||
| 26 | $16.37 | Electricity Bill | 03/07/2018 | ||
| 27 | $17.16 | Electricity Bill | 04/04/2018 | ||
| 28 | $600.00 | Curb Appeal Repairs | 06/21/2018 | ||
| 29 | $10.17 | Electricity Bill | 07/02/2018 | ||
| 30 | $781.06 | City Taxes | City of Detroit | 09/04/2018 | |
| 31 | $60.00 | Lawncare | 09/26/2018 | ||
| 32 | $114.84 | County Taxes | Wayne County Treasurer | 10/06/2018 | |
| 33 | $87.23 | City Taxes | Detroit Winter Taxes 2019 | 01/25/2019 | |
| 34 | $150.00 | Registration Fee | Vacant property registration - city of Detroit | 05/26/2019 | |
| 35 | $250.00 | Curb Appeal Repairs | Lawncare & curb appeal for city registration | 05/30/2019 | |
| 36 | $406.52 | City Taxes | Autoagent 2019 taxes paid by ACH 1st 1/2 payment | 08/15/2019 | |
| 37 | $100.00 | Lawncare | lawncare and curb appeal | 09/18/2019 | |
| 38 | $495.80 | City Taxes | 2nd 1/2 summer 2019 & winter 2020 taxes | 01/17/2020 | |
| 39 | $285.58 | Miscellaneous | Martin & Rami expenses | 02/11/2020 | |
| 40 | $50.00 | Inspection | Contractor bid, punchlist, inspection | 02/27/2020 | |
| 41 | $4,167.00 | General Rehab Repairs | Jalen rehab. Paid $667 Stage #1 initial Paid 7/18/20. Total budget is $7,000. $1750 paid for completion of Stage #1 and initiation of Stage 2 on 7/22/20, $1750 paid for completion of Stage #2 and initiation of Stage 3 on 7/25/20 | 07/18/2020 | |
| 42 | $100.00 | Inspection | Bid punchlist inspection | 07/20/2020 | |
| 43 | $203.94 | Arcana Insurance Payment | 3 months of coverage - Property in rehab | 07/27/2020 | |
| 44 | $150.00 | Miscellaneous | May, June, July Frontpoint alarm security system payment | 08/01/2020 | |
| 45 | $411.92 | City Taxes | 1st 1/2 summer city taxes 2020 AA | 08/14/2020 | |
| 46 | $5,700.00 | General Rehab Repairs | $5700 approved. Tyson paid $2850 on 9/12/20, Tyson paid $2,850 on 9/19. | 09/13/2020 | |
| 47 | $1,100.00 | General Rehab Repairs | Interior paint and flooring refinishing and paint | 09/22/2020 | |
| 48 | $150.00 | Miscellaneous | Aug, Sept, Oct 2020 Frontpoint Alarm | 10/14/2020 | |
| 49 | $50.00 | Miscellaneous | Frontpoint November alarm | 11/19/2020 | |
| 50 | $417.96 | Miscellaneous | Insurance | 12/22/2020 | |
| 51 | $618.53 | County Taxes | Winter and partial Summer taxes | 02/04/2021 | |
| 52 | $80.00 | Lawncare | March and April Lawncare | 05/05/2021 | |
| 53 | $200.00 | Miscellaneous | Feb, March, April, May Frontpoint Security | 05/05/2021 | |
| 54 | $80.00 | Lawncare | May and June Lawncare | 06/08/2021 | |
| 55 | $50.00 | Miscellaneous | June Frontpoint Security | 06/08/2021 | |
| 56 | $150.00 | General Rehab Repairs | rekey and lockbox replace | 07/01/2021 | |
| 57 | $499.09 | County Taxes | 2021 Summer Tax | 07/08/2021 | |
| 58 | $165.00 | Miscellaneous | Notary, printing and closing | 08/20/2021 | |
| 59 | $1,250.00 | Miscellaneous | TC Fee, Underwriter Fee, Buyer side commission | 08/20/2021 | |
| 60 | $100.00 | Lawncare | lawncare July and August | 08/24/2021 | |
| 61 | $1,283.12 | Miscellaneous Profit | Closing check for Land Contract closing on 8/20/21 - Amount spent was $38,057.61 | 08/24/2021 | |
| 62 | $65.00 | Rent | Mortgage payment 11/5/21 | 11/22/2021 | |
| 63 | $483.50 | Rent | Mortgage payment 9/18/21 | 12/14/2021 | |
| 64 | $1,450.50 | Rent | Mortgage payments 10/18/21, 11/18/21, and 12/18/21 | 02/07/2022 | |
| 65 | $42,379.08 | Miscellaneous Profit | Land Contract refinance by mortgagor | 03/30/2022 | |
| 66 | $158.00 | Rent | Mortgage payment 4/20/22 | 05/02/2022 | |
| Overall ROI : 120.39 % ROI (2017) : 0.00% ROI (2018) : 0.00% ROI (2019) : 0.00% ROI (2020) : 0.00% ROI (2021) : 57.37% ROI (2022) : inf% |
Overall Profit/Loss: -$7,761.59 Profit/Loss (2017) : -$18,508.07 Profit/Loss (2018) : -$2,080.97 Profit/Loss (2019) : -$993.75 Profit/Loss (2020) : -$13,282.20 Profit/Loss (2021) : -$1,361.00 Profit/Loss (2022) : -$43,987.58 |
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.
