Payment Split : 20% / 80%
Partnership Equity Split : 30% / 70%
| # | Expense Amount | Expense Type | Date added |
|---|---|---|---|
| 1 | $1,200.00 | Plumbing Repairs | 05/24/2017 |
| 2 | $8,531.00 | Property Purchase Price | 05/24/2017 |
| 3 | $7,750.00 | General Rehab Repairs | 05/24/2017 |
| 4 | $650.00 | General Rehab Repairs | 09/27/2017 |
| 5 | $3,400.00 | General Rehab Repairs | 08/03/2018 |
| 6 | $2,100.00 | General Rehab Repairs | 04/30/2020 |
| 7 | $525.00 | General Rehab Repairs | 05/10/2020 |
| 8 | $1,300.00 | Furnace Install | 02/17/2021 |
| 9 | $540.00 | General Rehab Repairs | 07/23/2021 |
| Purchase price : $8531 | Total Rehab Cost :$17,465.00 | All-In Property Cost : $25,996.00 | |
| # | Expense Amount | Expense Type | Expense Note | Expense Document | Date added |
|---|---|---|---|---|---|
| 1 | $50.00 | Lockbox / ReKey | Lockbox install | 05/24/2017 | |
| 2 | $14.64 | Arcana Insurance Payment | Arcana Insurance Feb | 05/24/2017 | |
| 3 | $1,200.00 | Plumbing Repairs | Plumbing and Electrical Repairs | 05/24/2017 | |
| 4 | $27.30 | Arcana Insurance Payment | Arcana March 2017 | 05/24/2017 | |
| 5 | $30.24 | Arcana Insurance Payment | Arcana April | 05/24/2017 | |
| 6 | $29.27 | Arcana Insurance Payment | Arcana May | 05/24/2017 | |
| 7 | $8,531.00 | Property Purchase Price | 05/24/2017 | ||
| 8 | $7,750.00 | General Rehab Repairs | **50% - $3,875 paid 3/15 **$3,100 paid 3/26 Final $775 paid 4/19 - Sean Rooks | 05/24/2017 | |
| 9 | $85.08 | County Taxes | 2016 | 09/27/2017 | |
| 10 | $24.66 | Electricity Bill | DTE | 09/27/2017 | |
| 11 | $9.60 | Electricity Bill | DTE | 09/27/2017 | |
| 12 | $3.98 | Electricity Bill | 09/27/2017 | ||
| 13 | $20.00 | Rent | 6/16/17 Section 8 Tenant - $720 collected minus $700 PM fee - Section 8 pays deposit soon | 06/29/2017 | |
| 14 | $200.00 | Miscellaneous | Water turn on - City Management - taken out of Rent | 06/29/2017 | |
| 15 | $650.00 | General Rehab Repairs | Furnace replacement - Rahim - Total is $1,300 - Paid 50% ($650) on 7/7 | 09/27/2017 | |
| 16 | $1,077.23 | County Taxes | 09/27/2017 | ||
| 17 | $100.00 | Setup Fee | 09/28/2017 | ||
| 18 | $100.00 | Inspection | City inspection | 01/18/2018 | |
| 19 | $356.04 | Miscellaneous | Arcana 2018 Renewal | 01/29/2018 | |
| 20 | $237.36 | Arcana Insurance Payment | 2017 Remainder | 01/29/2018 | |
| 21 | $101.46 | County Taxes | 2017 Winter Taxes | 02/02/2018 | |
| 22 | $109.58 | City Taxes | Detroit city taxes 2017 | 06/23/2018 | |
| 23 | $20.00 | Eviction Expenses | 30 day notice | 06/29/2018 | |
| 24 | $300.00 | Eviction Expenses | prep/file summons complaint | 07/27/2018 | |
| 25 | $3,400.00 | General Rehab Repairs | Rehab after squatter moved out. Paid $3400 Sharp on 8/2 | 08/03/2018 | |
| 26 | $1,081.03 | City Taxes | City of Detroit | 08/22/2018 | |
| 27 | $103.57 | City Taxes | Detroit Winter Taxes 2019 | 01/16/2019 | |
| 28 | $100.00 | Utility Turn On | Gas & electric turn on | 03/29/2019 | |
| 29 | $350.00 | Curb Appeal Repairs | 04/08/2019 | ||
| 30 | $150.00 | Registration Fee | Vacant property registration - city of Detroit | 05/26/2019 | |
| 31 | $250.00 | Curb Appeal Repairs | Lawncare & curb appeal for city registration | 05/30/2019 | |
| 32 | $138.65 | County Taxes | Wayne County Treasurer - cashier's check payment | 06/07/2019 | |
| 33 | $561.90 | City Taxes | Autoagent 2019 taxes paid by ACH 1st 1/2 payments | 08/14/2019 | |
| 34 | $600.00 | Lawncare | Tree removal and hauling debris | 09/14/2019 | |
| 35 | $100.00 | Lawncare | lawncare and curb appeal | 09/18/2019 | |
| 36 | $177.00 | Utility Turn On | water turn on | 09/24/2019 | |
| 37 | $142.71 | County Taxes | Wayne County Treasurer - paid online | 09/25/2019 | |
| 38 | $22.89 | Water Bill | 10/07/2019 | ||
| 39 | $50.00 | Miscellaneous | Alarm system monthly charge | 10/14/2019 | |
| 40 | $50.00 | Miscellaneous | Alarm system monthly | 10/14/2019 | |
| 41 | $28.94 | Electricity Bill | DTE | 10/17/2019 | |
| 42 | $80.00 | Lawncare | 10/28/2019 | ||
| 43 | $62.89 | Water Bill | DWSD | 11/05/2019 | |
| 44 | $50.00 | Miscellaneous | frontdoor monthly security alarm | 11/06/2019 | |
| 45 | $65.00 | Utility Turn On | 11/22/2019 | ||
| 46 | $90.95 | Water Bill | DWSD | 12/03/2019 | |
| 47 | $50.00 | Miscellaneous | Alarm system | 12/03/2019 | |
| 48 | $60.00 | Miscellaneous | Lis pendens removal and pickup from city | 12/14/2019 | |
| 49 | $90.95 | Water Bill | DWSD | 12/27/2019 | |
| 50 | $389.11 | Electricity Bill | DTE | 12/27/2019 | |
| 51 | $50.00 | Miscellaneous | Alarm system | 01/08/2020 | |
| 52 | $667.95 | City Taxes | 2nd 1/2 summer 2019 + winter 2020 taxes | 01/11/2020 | |
| 53 | $90.95 | Water Bill | DWSD | 02/03/2020 | |
| 54 | $201.13 | Electricity Bill | DTE | 02/04/2020 | |
| 55 | $285.58 | Miscellaneous | Rami & Martin expenses | 02/11/2020 | |
| 56 | $50.00 | Inspection | Contractor bid, punchlist, inspection | 02/26/2020 | |
| 57 | $195.72 | Water Bill | DTE | 03/10/2020 | |
| 58 | $90.95 | Water Bill | DWSD | 03/10/2020 | |
| 59 | $138.21 | Electricity Bill | DTE | 03/19/2020 | |
| 60 | $90.95 | Water Bill | DWSD | 03/27/2020 | |
| 61 | $200.00 | Miscellaneous | Frontpoint Property Alarm / Security System Charges - 4 months | 04/16/2020 | |
| 62 | $34.33 | Electricity Bill | DTE | 04/22/2020 | |
| 63 | $90.95 | Water Bill | DWSD | 04/27/2020 | |
| 64 | $2,100.00 | General Rehab Repairs | Final rehab for sale items | 04/30/2020 | |
| 65 | $525.00 | General Rehab Repairs | Window repair and squatter debris removal | 05/10/2020 | |
| 66 | $100.00 | Miscellaneous | 2 months alarm $50 x 2 - $100 | 05/11/2020 | |
| 67 | $27.34 | Electricity Bill | DTE | 06/02/2020 | |
| 68 | $2,019.90 | Final Funds (Purchase) | $1989.90 final funds to close plus $30 wire fee to cover $47,500 Land Contract closing ($34,172.09 spent at time of closing). | 06/19/2020 | |
| 69 | $350.00 | Miscellaneous | UW fee | 06/25/2020 | |
| 70 | $26.05 | Electricity Bill | DTE | 07/13/2020 | |
| 71 | $150.00 | Miscellaneous | May, June, July Frontpoint alarm security system payment | 08/01/2020 | |
| 72 | $55.99 | Water Bill | DWSD | 09/07/2020 | |
| 73 | $191.14 | Electricity Bill | DTE | 12/04/2020 | |
| 74 | $1,300.00 | Furnace Install | Furnace repair attempted, but new furnace required. burned out due to weather. New tenant moved in. | 02/17/2021 | |
| 75 | $658.00 | Rent | $700 rent paid minus $42 management fee=$658 | 02/27/2021 | |
| 76 | $580.64 | Rent | $617.70 rent paid minus $37.06 management fee=$580.64 | 05/31/2021 | |
| 77 | $683.76 | County Taxes | 2021 Summer Tax | 07/08/2021 | |
| 78 | $190.00 | Miscellaneous | FCI servicing cancellation | 07/12/2021 | |
| 79 | $540.00 | General Rehab Repairs | Tree removal, lawncare, broken window replacement | 07/23/2021 | |
| 80 | $44.92 | Rent | Escrow refund | 08/16/2021 | |
| 81 | $677.41 | Rent | $721 rent paid minus $43.24 management fee | 08/28/2021 | |
| 82 | $658.00 | Rent | $700 rent paid minus $42 management fee | 09/30/2021 | |
| 83 | $498.20 | Rent | $530 rent paid minus $31.80 management fee | 10/28/2021 | |
| 84 | $848.90 | County Taxes | Taxes Second installment | 12/13/2021 | |
| 85 | $150.00 | Miscellaneous | Notary, mailing, printing | 07/22/2022 | |
| 86 | $30,313.61 | Miscellaneous Profit | Closing check. $37,560 spent | 08/01/2022 | |
| Overall ROI : 82.19 % ROI (2017) : 0.10% ROI (2018) : 0.00% ROI (2019) : 0.00% ROI (2020) : 0.00% ROI (2021) : 87.50% ROI (2022) : 20,209.07% |
Overall Profit/Loss: -$7,247.05 Profit/Loss (2017) : -$19,763.00 Profit/Loss (2018) : -$5,705.47 Profit/Loss (2019) : -$3,764.56 Profit/Loss (2020) : -$7,732.14 Profit/Loss (2021) : -$445.49 Profit/Loss (2022) : -$30,163.61 |
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.
