Payment Split : 20% / 80%
Partnership Equity Split : 30% / 70%
| # | Expense Amount | Expense Type | Date added |
|---|---|---|---|
| 1 | $9,500.00 | General Rehab Repairs | 05/24/2017 |
| 2 | $3,345.00 | Property Purchase Price | 05/24/2017 |
| 3 | $1,375.00 | Furnace Install | 12/19/2017 |
| 4 | $4,000.00 | General Rehab Repairs | 07/13/2018 |
| 5 | $785.00 | General Rehab Repairs | 02/10/2019 |
| 6 | $4,800.00 | General Rehab Repairs | 07/17/2020 |
| Purchase price : $3345 | Total Rehab Cost :$20,460.00 | All-In Property Cost : $23,805.00 | |
| # | Expense Amount | Expense Type | Expense Note | Expense Document | Date added |
|---|---|---|---|---|---|
| 1 | $300.00 | Gas Bill | Gas connect at street (3/1) | 05/24/2017 | |
| 2 | $14.64 | Arcana Insurance Payment | Arcana Insurance Feb | 05/24/2017 | |
| 3 | $27.30 | Arcana Insurance Payment | Arcana March 2017 | 05/24/2017 | |
| 4 | $303.63 | Arcana Insurance Payment | Waste/Water bill | 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 | $9,500.00 | General Rehab Repairs | $3,450 paid 2/14 **$6,050 paid 3/16 Rahim | 05/24/2017 | |
| 8 | $3,345.00 | Property Purchase Price | 05/24/2017 | ||
| 9 | $93.22 | Water Bill | 05/24/2017 | ||
| 10 | $183.28 | County Taxes | 2016 | 09/27/2017 | |
| 11 | $695.00 | Rent | $1390 total move in 5/19/17 May rent - first month take out as PM fee | 06/29/2017 | |
| 12 | $343.00 | Rent | 6/19/17 June rent minus hotel expenses for plumbing lack of use | 06/29/2017 | |
| 13 | $150.00 | Miscellaneous | Water turn on - City Management - taken out of Rent | 06/29/2017 | |
| 14 | $944.22 | County Taxes | 09/27/2017 | ||
| 15 | $290.64 | Water Bill | 09/27/2017 | ||
| 16 | $94.88 | Water Bill | Water and Sewage | 11/08/2017 | |
| 17 | $215.00 | Eviction Expenses | 7 Day notice and eviction filing | 11/08/2017 | |
| 18 | $94.88 | Water Bill | 11/08/2017 | ||
| 19 | $1,375.00 | Furnace Install | New furnace and leak repairs | 12/19/2017 | |
| 20 | $470.00 | Rent | Dec Rent 2018 | 01/23/2018 | |
| 21 | $356.04 | Miscellaneous | Arcana 2018 Renewal | 01/29/2018 | |
| 22 | $237.36 | Arcana Insurance Payment | 2017 Remainder | 01/29/2018 | |
| 23 | $85.34 | County Taxes | 2017 Winter Tax | 02/02/2018 | |
| 24 | $75.00 | Eviction Expenses | Prep Writ / order eviction | 04/15/2018 | |
| 25 | $245.00 | Eviction Expenses | Court appearance, prep writ | 05/12/2018 | |
| 26 | $92.16 | City Taxes | Detroit city taxes 2017 | 06/23/2018 | |
| 27 | $200.00 | Eviction Expenses | prep writ/order eviction/prepare/attend hearing | 06/29/2018 | |
| 28 | $1,000.00 | Eviction Expenses | Bailiff lockout, dumpster, debris removal | 07/12/2018 | |
| 29 | $4,000.00 | General Rehab Repairs | Rehab after eviction. Paid Sharp $4,000 on 7/13 | 07/13/2018 | |
| 30 | $947.45 | City Taxes | City of Detroit | 08/15/2018 | |
| 31 | $87.10 | City Taxes | Detroit Winter Taxes 2019 | 01/17/2019 | |
| 32 | $785.00 | General Rehab Repairs | Clear Boarding | 02/10/2019 | |
| 33 | $70.00 | Snow Removal | 02/22/2019 | ||
| 34 | $1,103.41 | Electricity Bill | Sewage, water, and drainage Dec. 2017 - Aug. 2018 - DWSD | 02/28/2019 | |
| 35 | $48.53 | Water Bill | DWSD | 03/28/2019 | |
| 36 | $65.00 | Lawncare | 03/31/2019 | ||
| 37 | $350.00 | Curb Appeal Repairs | 04/08/2019 | ||
| 38 | $60.00 | Lawncare | 05/05/2019 | ||
| 39 | $90.64 | Electricity Bill | DWSD | 05/22/2019 | |
| 40 | $60.00 | Lawncare | 06/03/2019 | ||
| 41 | $94.27 | Electricity Bill | DWSD | 06/24/2019 | |
| 42 | $350.00 | Curb Appeal Repairs | Curb appeal repairs & lawncare | 06/27/2019 | |
| 43 | $288.60 | Electricity Bill | DWSD | 07/18/2019 | |
| 44 | $491.70 | City Taxes | Autoagent 2019 taxes paid by ACH 1st 1/2 payment | 08/20/2019 | |
| 45 | $202.67 | Water Bill | DWSD | 08/29/2019 | |
| 46 | $600.00 | Lawncare | lawncare & property cleanup & tree removal & debris removal | 09/05/2019 | |
| 47 | $100.00 | Lawncare | 10/25/2019 | ||
| 48 | $580.90 | City Taxes | 2nd 1/2 summer 2019 & winter 2020 taxes | 01/19/2020 | |
| 49 | $285.58 | Miscellaneous | Rami & Martin expenses | 02/11/2020 | |
| 50 | $50.00 | Inspection | Contractor bid, punchlist, inspection | 02/27/2020 | |
| 51 | $4,800.00 | General Rehab Repairs | Initial 50% payment to Tyson on 7/16/2020 ($2400). $2,400 final payment to Tyson on 7/28/20 | 07/17/2020 | |
| 52 | $103.94 | Arcana Insurance Payment | 2 months of coverage - Property in rehab | 07/27/2020 | |
| 53 | $70.00 | Miscellaneous | Utility Appointment 4 hours | 08/06/2020 | |
| 54 | $498.73 | City Taxes | 1st 1/2 summer city taxes 2020 AA | 08/16/2020 | |
| 55 | $150.00 | Miscellaneous | Aug, Sept, Oct 2020 Frontpoint Alarm | 10/14/2020 | |
| 56 | $50.00 | Miscellaneous | Frontpoint November alarm | 11/19/2020 | |
| 57 | $97.54 | Arcana Insurance Payment | 01/07/2021 | ||
| 58 | $714.25 | County Taxes | Winter and partial Summer taxes | 02/04/2021 | |
| 59 | $350.00 | Miscellaneous | Board up, rekey | 02/09/2021 | |
| 60 | $80.00 | Lawncare | Nov and Dec Lawncare | 12/07/2021 | |
| 61 | $1,472.04 | County Taxes | Taxes Second installment | 12/13/2021 | |
| 62 | $40.00 | Lawncare | Jan Lawncare | 01/13/2022 | |
| 63 | $60.00 | Snow Removal | Snow removal / Lawncare February | 02/05/2022 | |
| 64 | $586.31 | Final Funds (Purchase) | $36,971.35 spent. Land Contract sold 3/2/22 for 50k | 03/03/2022 | |
| 65 | $60.00 | Lawncare | Lawncare March | 03/07/2022 | |
| 66 | $586.31 | Miscellaneous Profit | Land Contract did not close. Final funds returned because buyer did not perform | 03/30/2022 | |
| 67 | $60.00 | Lawncare | Lawncare April | 04/19/2022 | |
| 68 | $60.00 | Lawncare | Lawncare May | 05/04/2022 | |
| 69 | $120.00 | Lawncare | Lawncare June and July | 07/05/2022 | |
| 70 | $60.00 | Lawncare | Lawncare August | 08/15/2022 | |
| 71 | $60.00 | Lawncare | Lawncare September | 09/09/2022 | |
| 72 | $1,738.63 | County Taxes | 06/26/2023 | ||
| 73 | $120.00 | Lawncare | Sept and Oct lawncare | 10/16/2024 | |
| 74 | $60.00 | Lawncare | Nov 2024 lawncare | 11/21/2024 | |
| 75 | $60.00 | Lawncare | Dec lawncare | 12/09/2024 | |
| 76 | $60.00 | Lawncare | Jan 2025 Lawncare | 01/03/2025 | |
| 77 | $60.00 | Lawncare | March 2025 lawncare | 03/25/2025 | |
| 78 | $120.00 | Lawncare | April and May lawncare | 05/06/2025 | |
| Overall ROI : 5.02 % ROI (2017) : 6.11% ROI (2018) : 6.49% ROI (2019) : 0.00% ROI (2020) : 0.00% ROI (2021) : 0.00% ROI (2022) : 53.00% ROI (2023) : 0.00% ROI (2024) : 0.00% ROI (2025) : 0.00% |
Overall Profit/Loss: -$39,610.08 Profit/Loss (2017) : -$15,953.20 Profit/Loss (2018) : -$6,768.35 Profit/Loss (2019) : -$4,846.92 Profit/Loss (2020) : -$6,589.15 Profit/Loss (2021) : -$2,713.83 Profit/Loss (2022) : -$520.00 Profit/Loss (2023) : -$1,738.63 Profit/Loss (2024) : -$240.00 Profit/Loss (2025) : -$240.00 |
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.
