Payment Split : 20% / 80%
Partnership Equity Split : 30% / 70%
| # | Expense Amount | Expense Type | Date added |
|---|---|---|---|
| 1 | $7,100.00 | Property Purchase Price | 09/25/2017 |
| 2 | $5,500.00 | General Rehab Repairs | 10/12/2017 |
| 3 | $2,000.00 | General Rehab Repairs | 02/11/2018 |
| 4 | $1,500.00 | General Rehab Repairs | 04/13/2018 |
| 5 | $845.00 | General Rehab Repairs | 02/13/2019 |
| 6 | $2,600.00 | General Rehab Repairs | 03/18/2019 |
| 7 | $600.00 | General Rehab Repairs | 06/16/2019 |
| 8 | $1,000.00 | General Rehab Repairs | 06/20/2019 |
| 9 | $800.00 | General Rehab Repairs | 07/05/2019 |
| 10 | $700.00 | Plumbing Repairs | 09/30/2019 |
| 11 | $975.00 | General Rehab Repairs | 01/30/2020 |
| 12 | $200.00 | General Rehab Repairs | 02/28/2020 |
| 13 | $300.00 | General Rehab Repairs | 07/28/2020 |
| 14 | $850.00 | General Rehab Repairs | 10/20/2020 |
| 15 | $300.00 | Furnace Repair | 10/22/2020 |
| 16 | $350.00 | General Rehab Repairs | 07/01/2021 |
| 17 | $1,751.00 | General Rehab Repairs | 01/18/2022 |
| Purchase price : $7100 | Total Rehab Cost :$20,271.00 | All-In Property Cost : $27,371.00 | |
| # | Expense Amount | Expense Type | Expense Note | Expense Document | Date added |
|---|---|---|---|---|---|
| 1 | $7,100.00 | Property Purchase Price | 09/25/2017 | ||
| 2 | $1,158.00 | County Taxes | Summer tax 2017 | 09/25/2017 | |
| 3 | $5,500.00 | General Rehab Repairs | $7,500 bid approved - $1,500 paid 10/5 *$1,500 paid 10/12 *$2,500 paid 11/28 | 10/12/2017 | |
| 4 | $150.00 | Water Bill | Service start fee | 11/28/2017 | |
| 5 | $150.00 | Inspection | 12/22/2017 | ||
| 6 | $100.00 | Setup Fee | 12/22/2017 | ||
| 7 | $2,000.00 | General Rehab Repairs | Section 8 Repairs by Anthony Sharp - $2000 paid 2/10 | 02/11/2018 | |
| 8 | $100.00 | Utility Turn On | Power, Gas | 03/05/2018 | |
| 9 | $64.32 | Electricity Bill | 03/13/2018 | ||
| 10 | $72.09 | Electricity Bill | 04/04/2018 | ||
| 11 | $1,500.00 | General Rehab Repairs | Additional Sec. 8 repairs paid Anthony Sharp 4/13 | 04/13/2018 | |
| 12 | $50.00 | Utility Turn On | Water | 04/15/2018 | |
| 13 | $150.00 | Water Bill | Water turn on fee | 05/12/2018 | |
| 14 | $254.16 | Electricity Bill | 05/16/2018 | ||
| 15 | $33.70 | Waste Bill | Detroit Water & Sewerage Dept | 05/23/2018 | |
| 16 | $50.47 | Electricity Bill | 05/31/2018 | ||
| 17 | $102.53 | Water Bill | Detroit Water & Sewerage Dept | 06/26/2018 | |
| 18 | $20.65 | Electricity Bill | 07/02/2018 | ||
| 19 | $102.53 | Water Bill | Detroit Water & Sewerage Dept | 08/06/2018 | |
| 20 | $1,056.88 | City Taxes | City of Detroit | 09/04/2018 | |
| 21 | $1,316.00 | Rent | July 2018 Rent + Deposit - $1,400 minus management | 09/25/2018 | |
| 22 | $658.00 | Rent | Aug 2018 rent - $700 minus management | 09/25/2018 | |
| 23 | $658.00 | Rent | Sept 2018 Rent - $700 minus management | 09/25/2018 | |
| 24 | $658.00 | Rent | $700 minus $42 management fee | 10/30/2018 | |
| 25 | $658.00 | Rent | $700 - $42 = $658 management fee | 11/29/2018 | |
| 26 | $100.60 | City Taxes | Detroit Winter Taxes 2019 | 01/29/2019 | |
| 27 | $658.00 | Rent | $700 - $42 = $658 | 02/01/2019 | |
| 28 | $845.00 | General Rehab Repairs | Sec. 8 renewal repairs | 02/13/2019 | |
| 29 | $658.00 | Rent | $700 - $42 mgmt fee = $658 | 02/19/2019 | |
| 30 | $2,600.00 | General Rehab Repairs | Plumbing and wiring issues | 03/18/2019 | |
| 31 | $658.00 | Rent | $700 - $42 mgmt fee = $658 | 04/03/2019 | |
| 32 | $200.00 | Registration Fee | Vacant registration inspection fee | 05/30/2019 | |
| 33 | $350.00 | Registration Fee | Rental registration fee | 05/30/2019 | |
| 34 | $600.00 | General Rehab Repairs | Basement backup work order | 06/16/2019 | |
| 35 | $1,000.00 | General Rehab Repairs | Sec 8 annual compliance rehab - $1,800 total. $1,000 paid Sharp on 6/20 | 06/20/2019 | |
| 36 | $800.00 | General Rehab Repairs | Remainder of compliance paid Sharp on 7/4 | 07/05/2019 | |
| 37 | $658.00 | Rent | $700 - $42 mgmt fee = $658 (May) | 07/29/2019 | |
| 38 | $667.40 | Rent | $710 - $42.60 mgmt fee = $667.40 (June) | 07/30/2019 | |
| 39 | $653.30 | Rent | $695 - $41.70 mgmt fee = $653.30 (July) | 07/31/2019 | |
| 40 | $549.18 | City Taxes | Autoagent 2019 taxes paid by ACH 1st 1/2 payment | 08/15/2019 | |
| 41 | $356.04 | Arcana Insurance Payment | 09/02/2019 | ||
| 42 | $700.00 | Plumbing Repairs | 09/30/2019 | ||
| 43 | $653.30 | Rent | $695 - $41.70 mgmt fee = $653.30 | 01/06/2020 | |
| 44 | $652.15 | City Taxes | 2nd 1/2 summer 2019 & winter 2020 taxes | 01/17/2020 | |
| 45 | $672.10 | Rent | $715 - $42.90 mgmt fee = $672.10 | 01/28/2020 | |
| 46 | $975.00 | General Rehab Repairs | tenant Sec. 8 inspection | 01/30/2020 | |
| 47 | $285.58 | Miscellaneous | Rami & Martin expenses | 02/13/2020 | |
| 48 | $200.00 | General Rehab Repairs | Sec 8 repair - confirmed - Quintin | 02/28/2020 | |
| 49 | $653.30 | Rent | Positive Feb 2020 rent | 03/09/2020 | |
| 50 | $653.30 | Rent | $695 - $41.70 mgmt fee = $653.30 | 03/30/2020 | |
| 51 | $653.30 | Rent | $695 - $41.70 mgmt fee = $653.30 | 05/01/2020 | |
| 52 | $417.00 | Arcana Insurance Payment | Arcana insurance from 5/1/20 to 5/1/21 | 05/04/2020 | |
| 53 | $667.40 | Rent | $710 - $42.60 mgmt fee = $667.40 | 06/09/2020 | |
| 54 | $658.00 | Rent | $700 - $42 mgmt fee = $658 | 06/30/2020 | |
| 55 | $300.00 | General Rehab Repairs | Section 8 repairs | 07/28/2020 | |
| 56 | $658.00 | Rent | $700 - $42 mgmt fee = $658 | 07/28/2020 | |
| 57 | $557.33 | City Taxes | 1st 1/2 summer city taxes 2020 AA | 08/13/2020 | |
| 58 | $9.38 | Rent | $10 - $.62 mgmt fee = $9.38 Aug 2020 rent | 09/02/2020 | |
| 59 | $1,974.00 | Rent | $2,100 - $126 mgmt fee = $1974 | 09/29/2020 | |
| 60 | $850.00 | General Rehab Repairs | Water leak roof repairs | 10/20/2020 | |
| 61 | $300.00 | Furnace Repair | Quintin paid $300 10/22/20 | 10/22/2020 | |
| 62 | $667.68 | Rent | $710 - $42.62 mgmt fee = $667.68 | 10/29/2020 | |
| 63 | $667.68 | Rent | $710 - $42.62 mgmt fee = $667.68 | 01/04/2021 | |
| 64 | $658.00 | Rent | $700 - $42 mgmt fee = $658 | 01/27/2021 | |
| 65 | $793.43 | County Taxes | Winter and partial Summer taxes | 02/04/2021 | |
| 66 | $658.00 | Rent | $700 rent paid minus $42 management fee=$658 | 02/27/2021 | |
| 67 | $658.00 | Rent | $700 rent paid minus $42 management fee | 03/29/2021 | |
| 68 | $658.00 | Rent | $700-mgmgt fee $42=$658 | 04/27/2021 | |
| 69 | $658.00 | Rent | $700-mgmgt fee $42=$658 | 05/31/2021 | |
| 70 | $350.00 | General Rehab Repairs | snake basement and plumbing work | 07/01/2021 | |
| 71 | $668.21 | County Taxes | 2021 Summer Tax | 07/08/2021 | |
| 72 | $658.00 | Rent | $700-$42 management fees=$658 Rent payment for July 2021 | 07/29/2021 | |
| 73 | $658.00 | Rent | $700-mgmgt fee $42=$658 | 08/28/2021 | |
| 74 | $658.00 | Rent | $700 rent paid minus $42 management fee=$658 | 09/30/2021 | |
| 75 | $658.00 | Rent | $700 rent paid minus $42 management fee | 10/28/2021 | |
| 76 | $658.00 | Rent | $700 rent paid minus $42 management fee | 11/29/2021 | |
| 77 | $828.75 | County Taxes | Taxes Second installment | 12/13/2021 | |
| 78 | $658.00 | Rent | $700 rent paid minus $42 management fee | 01/01/2022 | |
| 79 | $1,751.00 | General Rehab Repairs | Sec. 8 annual repairs. paid Tyson | 01/18/2022 | |
| 80 | $658.00 | Rent | $700 rent paid minus $42 management fee | 02/01/2022 | |
| 81 | $658.00 | Rent | $700 rent paid minus $42 management fee | 03/03/2022 | |
| 82 | $658.00 | Rent | $700 rent paid minus $42 management fee | 04/04/2022 | |
| 83 | $658.00 | Rent | $700 rent paid minus $42 management fee | 05/04/2022 | |
| 84 | $658.00 | Rent | $700 rent paid minus $42 management fee | 06/03/2022 | |
| 85 | $658.00 | Rent | $700 rent paid minus $42 management fee | 07/08/2022 | |
| 86 | $1,373.09 | County Taxes | 08/15/2022 | ||
| 87 | $658.00 | Rent | $700 rent paid minus $42 management fee | 09/08/2022 | |
| 88 | $60.00 | Lawncare | October lawn care | 10/18/2022 | |
| 89 | $658.00 | Rent | $700 rent paid minus $42 management fee | 11/14/2022 | |
| 90 | $658.00 | Rent | $700 rent paid minus $42 management fee | 12/09/2022 | |
| 91 | $60.00 | Lawncare | October lawn care | 12/17/2022 | |
| 92 | $152.85 | City Taxes | Winter tax payments 2022 | 01/04/2023 | |
| 93 | $180.00 | Lawncare | Nov, Dec, Jan lawncare | 01/17/2023 | |
| 94 | $155.00 | Miscellaneous | Copies, printing, and notary | 01/17/2023 | |
| 95 | $350.00 | Miscellaneous | Sheneelia underwriting and closing support | 01/19/2023 | |
| 96 | $26,896.84 | Miscellaneous Profit | Closing funds | 01/19/2023 | |
| 97 | $658.00 | Rent | $700 rent paid minus $42 management fee | 01/24/2023 | |
| 98 | $658.00 | Rent | $700 rent paid minus $42 management fee | 03/29/2023 | |
| Overall ROI : 148.07 % ROI (2017) : 0.00% ROI (2018) : 71.04% ROI (2019) : 48.79% ROI (2020) : 174.56% ROI (2021) : 274.49% ROI (2022) : 202.83% ROI (2023) : 3,367.29% |
Overall Profit/Loss: -$18,785.44 Profit/Loss (2017) : -$14,158.00 Profit/Loss (2018) : -$1,609.33 Profit/Loss (2019) : -$4,148.12 Profit/Loss (2020) : -$3,382.70 Profit/Loss (2021) : -$4,607.29 Profit/Loss (2022) : -$3,335.91 Profit/Loss (2023) : -$27,374.99 |
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.
