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9930 Somerset Detroit, MI

Partnership Splits

Payment Split : 20% / 80%

Partnership Equity Split : 30% / 70%

Purchase Price + Rehab

# Expense Amount Expense Type Date added
1 $3,498.00 Property Purchase Price 08/05/2017
2 $11,750.00 General Rehab Repairs 08/05/2017
3 $4,000.00 General Rehab Repairs 12/05/2021
Purchase price : $3498 Total Rehab Cost :$15,750.00 All-In Property Cost : $19,248.00

Property Progress Images

All Property Expenses

# Expense Amount Expense Type Expense Note Expense Document Date added
1 $14.64 Arcana Insurance Payment Arcana Insurance Feb 08/05/2017
2 $27.30 Arcana Insurance Payment Arcana March 2017 08/05/2017
3 $30.24 Arcana Insurance Payment Arcana April 08/05/2017
4 $29.27 Arcana Insurance Payment Arcana May 08/05/2017
5 $3,498.00 Property Purchase Price 08/05/2017
6 $11,750.00 General Rehab Repairs Pine Valley Gary bid ($13,000) + 1k bonus if within 30 days **$3,900 paid 3/22 **$3,900 paid 4/13 **$1,500 paid 5/3 **$1,700 paid 7/20 **Paid $750 on 7/23 08/05/2017
7 $21.67 Electricity Bill DTE 08/05/2017
8 $149.77 County Taxes 2016 08/05/2017
9 $12.65 Electricity Bill 08/05/2017
10 $9.43 Electricity Bill DTE 08/05/2017
11 $150.00 Water Bill Water Deposit - Landlord Account 08/05/2017
12 $25.00 Utility Turn On Gas 08/05/2017
13 $850.32 County Taxes 08/05/2017
14 $69.06 Electricity Bill DTE 10/12/2017
15 $67.64 Electricity Bill DTE - not part of Oct Consolidation 11/06/2017
16 $50.00 Utility Turn On Power 11/17/2017
17 $150.00 Water Bill Service start fee 11/28/2017
18 $361.85 Electricity Bill DTE - wire cut replacement fee and usage 12/05/2017
19 $50.00 Utility Turn On Water 12/22/2017
20 $150.00 Inspection 12/22/2017
21 $356.04 Miscellaneous Arcana 2018 Renewal 01/29/2018
22 $237.36 Arcana Insurance Payment 2017 Remainder 01/29/2018
23 $73.94 County Taxes 2017 Winter Tax 02/02/2018
24 $415.27 Electricity Bill 02/15/2018
25 $365.12 Electricity Bill 05/15/2018
26 $79.86 City Taxes Detroit city taxes 2017 06/25/2018
27 $160.00 Lawncare 06/29/2018
28 $853.04 City Taxes City of Detroit 08/19/2018
29 $39.61 Electricity Bill DTE Power bill 08/22/2018
30 $29.71 Electricity Bill DTE bill 11/13/2018
31 $75.48 City Taxes Detroit Winter Taxes 2019 01/29/2019
32 $250.00 Lawncare grass cut brush removal 07/22/2019
33 $442.11 City Taxes Autoagent 2019 taxes paid by ACH 1st 1/2 payment 08/20/2019
34 $195.00 Registration Fee 11/18/2019
35 $519.40 City Taxes 2nd 1/2 summer 2019 & winter 2020 taxes 01/20/2020
36 $285.58 Miscellaneous Rami & Martin expenses 02/11/2020
37 $50.00 Inspection Contractor bid, punchlist, inspection 02/26/2020
38 $448.20 City Taxes 1st 1/2 summer city taxes 2020 AA 08/21/2020
39 $646.00 County Taxes Winter and partial Summer taxes 02/04/2021
40 $80.00 Lawncare March and April Lawncare 05/05/2021
41 $80.00 Lawncare May and June Lawncare 06/08/2021
42 $537.42 County Taxes 2021 Summer Tax 07/08/2021
43 $100.00 Lawncare lawncare July and August 08/23/2021
44 $4,000.00 General Rehab Repairs $4,000 approved. Paid Tyson $2,000 on 12/5/21, Tyson paid $2,000 on 12/9/21 12/05/2021
45 $659.40 County Taxes Taxes Second installment 12/13/2021
46 $60.00 Snow Removal Snow removal / Lawncare February 02/05/2022
47 $60.00 Lawncare Lawncare March 03/07/2022
48 $60.00 Lawncare Lawncare April 04/19/2022
49 $60.00 Lawncare Lawncare May 05/04/2022
50 $120.00 Lawncare Lawncare June and July 07/05/2022
51 $60.00 Lawncare Lawncare August 08/15/2022
52 $60.00 Lawncare Lawncare September 09/09/2022
53 $23,807.00 Miscellaneous Profit Sale to Ali 09/26/2022
54 $75.00 Miscellaneous Notary, copies, overnight 09/26/2022
Overall ROI : 82.09 %
ROI (2017) : 0.00% ROI (2018) : 0.00% ROI (2019) : 0.00% ROI (2020) : 0.00% ROI (2021) : 0.00% ROI (2022) : 4,289.55%
Overall Profit/Loss: -$5,193.38
Profit/Loss (2017) : -$17,466.84 Profit/Loss (2018) : -$2,609.95 Profit/Loss (2019) : -$962.59 Profit/Loss (2020) : -$1,303.18 Profit/Loss (2021) : -$6,102.82 Profit/Loss (2022) : -$23,252.00
Total Admin Owed : $0.00
Total Client Owed : $0.00
Total Owed : $0.00

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Turning Affordable Property Investments into Sustainable Passive Income Production

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.