Payment Split : 20% / 80%
Partnership Equity Split : 30% / 70%
| # | Expense Amount | Expense Type | Date added |
|---|---|---|---|
| 1 | $7,222.00 | General Rehab Repairs | 06/02/2017 |
| 2 | $750.00 | General Rehab Repairs | 06/28/2017 |
| 3 | $1,000.00 | General Rehab Repairs | 09/20/2017 |
| 4 | $1,000.00 | Roof Repairs | 09/20/2017 |
| 5 | $1,000.00 | Roof Repairs | 11/08/2017 |
| 6 | $255.00 | General Rehab Repairs | 06/10/2018 |
| 7 | $400.00 | General Rehab Repairs | 06/19/2019 |
| Purchase price : $0 | Total Rehab Cost :$11,627.00 | All-In Property Cost : $11,627.00 | |
| # | Expense Amount | Expense Type | Expense Note | Expense Document | Date added |
|---|---|---|---|---|---|
| 1 | $16,370.00 | Final Funds (Purchase) | Total Purchase Price ($12,200) with closing costs and rehab | 06/02/2017 | |
| 2 | $2.94 | Arcana Insurance Payment | Arcana | 06/28/2017 | |
| 3 | $29.27 | Arcana Insurance Payment | Arcana | 06/28/2017 | |
| 4 | $30.24 | Arcana Insurance Payment | Arcana | 06/28/2017 | |
| 5 | $29.27 | Arcana Insurance Payment | Arcana | 06/28/2017 | |
| 6 | $30.24 | Arcana Insurance Payment | Arcana | 06/28/2017 | |
| 7 | $675.00 | Rent | Security deposit | 06/27/2017 | |
| 8 | $30.24 | Arcana Insurance Payment | Arcana Insurance Feb | 06/28/2017 | |
| 9 | $621.00 | Rent | March Rent minus management fee | 06/27/2017 | |
| 10 | $30.24 | Arcana Insurance Payment | Arcana April | 06/28/2017 | |
| 11 | $29.27 | Arcana Insurance Payment | Arcana May | 06/28/2017 | |
| 12 | $27.30 | Arcana Insurance Payment | Arcana March 2017 | 06/28/2017 | |
| 13 | $7,222.00 | General Rehab Repairs | 06/02/2017 | ||
| 14 | $51.19 | County Taxes | 2016 | 06/28/2017 | |
| 15 | $750.00 | General Rehab Repairs | After move in repairs done by James | 06/28/2017 | |
| 16 | $175.00 | Eviction Expenses | City Management - taken out of Rent | 06/29/2017 | |
| 17 | $873.80 | County Taxes | 09/20/2017 | ||
| 18 | $1,000.00 | General Rehab Repairs | Livability repairs done by Schulman | 09/20/2017 | |
| 19 | $1,000.00 | Roof Repairs | $2,000 total - $1,000 paid 9/13 | 09/20/2017 | |
| 20 | $118.68 | Arcana Insurance Payment | June, July, Aug 2017 | 09/20/2017 | |
| 21 | $356.04 | Arcana Insurance Payment | Arcana 8/29/17 to 8/29/18 | 09/20/2017 | |
| 22 | $1,000.00 | Roof Repairs | Remainder of roof repairs by Anthony | 11/08/2017 | |
| 23 | $634.50 | Rent | Sept 2017 | 09/28/2017 | |
| 24 | $634.50 | Rent | Oct 2017 | 10/24/2017 | |
| 25 | $634.50 | Rent | Nov 2017 | 11/12/2017 | |
| 26 | $634.50 | Rent | Jan 2018 Rent | 01/23/2018 | |
| 27 | $76.81 | County Taxes | 2017 Winter Tax | 02/02/2018 | |
| 28 | $517.00 | Rent | Feb 2018 Rent - partial - $550 - $33 = $517 | 03/23/2018 | |
| 29 | $634.50 | Rent | $675 April rent minus $40.50 management | 04/25/2018 | |
| 30 | $20.00 | Eviction Expenses | 7 day notice | 05/12/2018 | |
| 31 | $255.00 | General Rehab Repairs | Final items repaired | 06/10/2018 | |
| 32 | $733.20 | Rent | $780 May 2018 Rental payment to cover part of overage from past months minus $46.80 management fee | 06/22/2018 | |
| 33 | $689.02 | Rent | June 2018 $733 rent paid (more to cover past shortages) minus $43.98 management fee | 06/22/2018 | |
| 34 | $82.95 | City Taxes | Detroit city taxes 2017 | 06/26/2018 | |
| 35 | $20.00 | Eviction Expenses | 7 day notice | 07/27/2018 | |
| 36 | $855.92 | City Taxes | City of Detroit | 08/13/2018 | |
| 37 | $300.00 | Eviction Expenses | Prep/file summons complaint | 08/24/2018 | |
| 38 | $1,226.70 | Rent | July and Aug 2018 Rent - $675 x 2 minus management | 09/25/2018 | |
| 39 | $662.70 | Rent | Sept 2018 rent - $705 minus management | 09/25/2018 | |
| 40 | $356.04 | Arcana Insurance Payment | 2018 Arcana Insurance Annual renewal | 10/18/2018 | |
| 41 | $658.00 | Rent | $700 minus $42 management fee | 10/30/2018 | |
| 42 | $20.00 | Eviction Expenses | 7 day notice | 11/14/2018 | |
| 43 | $20.00 | Eviction Expenses | 7 day notice | 12/11/2018 | |
| 44 | $75.85 | City Taxes | Detroit Winter Taxes 2019 | 01/30/2019 | |
| 45 | $733.20 | Rent | $780 - $46.80 mgmt fee = $733.20 | 02/02/2019 | |
| 46 | $395.84 | Electricity Bill | DWSD | 02/24/2019 | |
| 47 | $20.00 | Eviction Expenses | 7 day notice | 03/29/2019 | |
| 48 | $20.00 | Eviction Expenses | 7 day notice | 05/31/2019 | |
| 49 | $400.00 | General Rehab Repairs | Extensive lawn care and gutter cleaning and reattachment | 06/19/2019 | |
| 50 | $350.00 | Eviction Expenses | prep/file summons compliant | 06/26/2019 | |
| 51 | $443.62 | City Taxes | Autoagent 2019 taxes paid by ACH 1st 1/2 payment | 08/21/2019 | |
| 52 | $521.24 | City Taxes | 2nd 1/2 summer 2019 & winter 2020 taxes | 01/22/2020 | |
| 53 | $285.58 | Miscellaneous | Rami & Martin expenses | 02/11/2020 | |
| 54 | $50.00 | Inspection | Contractor bid, punchlist, inspection | 02/27/2020 | |
| 55 | $449.74 | City Taxes | 1st 1/2 summer city taxes 2020 AA | 08/24/2020 | |
| 56 | $648.09 | County Taxes | Winter and partial Summer taxes | 02/04/2021 | |
| 57 | $80.00 | Lawncare | March and April Lawncare | 05/05/2021 | |
| 58 | $120.00 | Miscellaneous | Closing Notary, Copies, Mailing | 06/04/2021 | |
| 59 | $24,244.37 | Miscellaneous Profit | Closing funds from 25k sale | 06/08/2021 | |
| Overall ROI : 96.89 % ROI (2017) : 10.97% ROI (2018) : 286.82% ROI (2019) : 43.00% ROI (2020) : 0.00% ROI (2021) : 2,858.70% |
Overall Profit/Loss: -$1,089.71 Profit/Loss (2017) : -$25,956.22 Profit/Loss (2018) : -$3,748.90 Profit/Loss (2019) : -$972.11 Profit/Loss (2020) : -$1,306.56 Profit/Loss (2021) : -$23,396.28 |
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.
