Payment Split : 20% / 80%
Partnership Equity Split : 30% / 70%
| # | Expense Amount | Expense Type | Date added |
|---|---|---|---|
| 1 | $2,825.00 | Property Purchase Price | 06/28/2017 |
| 2 | $13,500.00 | General Rehab Repairs | 07/02/2017 |
| 3 | $1,500.00 | General Rehab Repairs | 08/05/2017 |
| 4 | $480.00 | General Rehab Repairs | 11/08/2017 |
| 5 | $1,200.00 | Furnace Install | 11/08/2017 |
| 6 | $225.00 | General Rehab Repairs | 11/08/2017 |
| 7 | $360.00 | Gas Line Repairs | 11/17/2017 |
| 8 | $831.22 | Electrical Repairs | 03/02/2018 |
| 9 | $3,000.00 | General Rehab Repairs | 07/17/2018 |
| 10 | $1,950.00 | General Rehab Repairs | 12/13/2019 |
| 11 | $3,000.00 | General Rehab Repairs | 08/09/2020 |
| 12 | $1,500.00 | Furnace Install | 10/19/2020 |
| 13 | $285.00 | General Rehab Repairs | 06/05/2021 |
| Purchase price : $2825 | Total Rehab Cost :$27,831.22 | All-In Property Cost : $30,656.22 | |
| # | Expense Amount | Expense Type | Expense Note | Expense Document | Date added |
|---|---|---|---|---|---|
| 1 | $14.64 | Arcana Insurance Payment | Arcana Insurance Feb | 06/28/2017 | |
| 2 | $27.30 | Arcana Insurance Payment | Arcana March 2017 | 06/28/2017 | |
| 3 | $30.24 | Arcana Insurance Payment | Arcana April | 06/28/2017 | |
| 4 | $29.27 | Arcana Insurance Payment | Arcana May | 06/28/2017 | |
| 5 | $2,825.00 | Property Purchase Price | 06/28/2017 | ||
| 6 | $13,500.00 | General Rehab Repairs | Sean Rooks bid 15k **$6,000 (40%) paid 5/17 **Additional 50% ($7,500) paid on 5/30 **Final $1,500 paid on 7/1 | 07/02/2017 | |
| 7 | $58.60 | County Taxes | 06/28/2017 | ||
| 8 | $1,500.00 | General Rehab Repairs | Final $1500 payment for rehab work | 08/05/2017 | |
| 9 | $100.00 | Lawncare | 08/05/2017 | ||
| 10 | $100.00 | Setup Fee | 08/05/2017 | ||
| 11 | $865.96 | County Taxes | 08/05/2017 | ||
| 12 | $135.00 | Lawncare | Shrubs trimming and lawncare | 11/08/2017 | |
| 13 | $480.00 | General Rehab Repairs | Move in repairs | 11/08/2017 | |
| 14 | $7.56 | Electricity Bill | DTE | 11/08/2017 | |
| 15 | $7.56 | Electricity Bill | DTE | 11/08/2017 | |
| 16 | $1,200.00 | Furnace Install | Furnace/HWH install ($1,200 total) - $800 paid 10/12 *$400 remaining paid 10/17 | 11/08/2017 | |
| 17 | $350.00 | Utility Turn On | Gas and Power Connection (2 x $25 = $50) and Gas line connect ($300) | 11/08/2017 | |
| 18 | $225.00 | General Rehab Repairs | Move in repairs - Toilet, vanity, new windows | 11/08/2017 | |
| 19 | $675.00 | Miscellaneous Profit | Renter Deposit | 10/24/2017 | |
| 20 | $360.00 | Gas Line Repairs | Gas line and toilet line and valve, seal cot and water line | 11/17/2017 | |
| 21 | $1,612.50 | Rent | Nov, Dec 2017, Jan 2018 Rent owed | 01/23/2018 | |
| 22 | $356.04 | Miscellaneous | Arcana 2018 Renewal | 01/29/2018 | |
| 23 | $237.36 | Arcana Insurance Payment | 2017 Remainder | 01/29/2018 | |
| 24 | $75.86 | County Taxes | 2017 Winter Tax | 02/02/2018 | |
| 25 | $831.22 | Electrical Repairs | 03/02/2018 | ||
| 26 | $150.00 | Utility Turn On | Water turn on - meet at city and at property | 03/05/2018 | |
| 27 | $174.20 | Electricity Bill | 03/05/2018 | ||
| 28 | $389.82 | Electricity Bill | Final bill before tenant | 03/05/2018 | |
| 29 | $20.00 | Eviction Expenses | 7 day notice | 05/12/2018 | |
| 30 | $81.92 | City Taxes | Detroit City Taxes 2017 | 06/23/2018 | |
| 31 | $3,000.00 | General Rehab Repairs | Rehab after occupancy and Sec. 8 repairs. $4,500 approved. $3,000 paid Sharp on 7/17 | 07/17/2018 | |
| 32 | $20.00 | Eviction Expenses | 7 day notice | 07/27/2018 | |
| 33 | $868.83 | City Taxes | City of Detroit | 08/15/2018 | |
| 34 | $60.00 | Lawncare | 12/11/2018 | ||
| 35 | $77.42 | City Taxes | Winter Taxes 2019 | 01/16/2019 | |
| 36 | $65.00 | Lawncare | 03/31/2019 | ||
| 37 | $350.00 | Curb Appeal Repairs | 04/08/2019 | ||
| 38 | $60.00 | Lawncare | 05/05/2019 | ||
| 39 | $60.00 | Lawncare | 06/03/2019 | ||
| 40 | $350.00 | Curb Appeal Repairs | Curb appeal repairs & lawncare | 06/27/2019 | |
| 41 | $450.42 | City Taxes | Autoagent 2019 taxes paid by ACH 1st 1/2 payment | 08/20/2019 | |
| 42 | $100.00 | Lawncare | lawncare & property cleanup | 09/05/2019 | |
| 43 | $80.00 | Lawncare | 10/25/2019 | ||
| 44 | $195.00 | Registration Fee | 11/15/2019 | ||
| 45 | $1,950.00 | General Rehab Repairs | $1000 paid Sharp on 12/13/19. $1950 total approved, $950 paid Sharp on 12/28/19 | 12/13/2019 | |
| 46 | $475.00 | Miscellaneous | Alarm System install and securing package | 12/16/2019 | |
| 47 | $529.68 | City Taxes | 2nd 1/2 summer 2019 & winter 2020 taxes | 01/19/2020 | |
| 48 | $285.58 | Miscellaneous | Rami & Martin expenses | 02/11/2020 | |
| 49 | $50.00 | Inspection | Contractor bid, punchlist, inspection | 02/26/2020 | |
| 50 | $3,000.00 | General Rehab Repairs | Tyson rehab $4,000 total approved. $3000 paid 8/9/20 | 08/09/2020 | |
| 51 | $456.66 | City Taxes | 1st 1/2 summer city taxes 2020 AA | 08/19/2020 | |
| 52 | $456.65 | City Taxes | 2nd 1/2 summer city of Detroit taxes 2020 | 09/17/2020 | |
| 53 | $1,500.00 | Furnace Install | Furnace and water heater install for Sec. 8 tenant | 10/19/2020 | |
| 54 | $829.91 | Electricity Bill | electrical repairs and rewiring | 11/02/2020 | |
| 55 | $658.00 | Rent | $700 - $42 mgmt fee = $658 | 01/27/2021 | |
| 56 | $153.17 | County Taxes | Winter and partial Summer taxes | 02/04/2021 | |
| 57 | $658.00 | Rent | $700 rent paid minus $42 management fee=$658 | 02/27/2021 | |
| 58 | $700.00 | Miscellaneous | First month's rent agent commission | 06/05/2021 | |
| 59 | $285.00 | General Rehab Repairs | 50% of total rehab | 06/05/2021 | |
| 60 | $547.55 | County Taxes | 2021 Summer Tax | 07/08/2021 | |
| 61 | $150.00 | Miscellaneous | Notary, mailing, printing | 07/22/2022 | |
| 62 | $29,431.88 | Miscellaneous Profit | Closing check. Spent $37,634 | 08/01/2022 | |
| Overall ROI : 80.11 % ROI (2017) : 3.09% ROI (2018) : 25.74% ROI (2019) : 0.00% ROI (2020) : 0.00% ROI (2021) : 78.07% ROI (2022) : 19,621.25% |
Overall Profit/Loss: -$8,203.04 Profit/Loss (2017) : -$21,141.13 Profit/Loss (2018) : -$4,652.75 Profit/Loss (2019) : -$4,212.84 Profit/Loss (2020) : -$7,108.48 Profit/Loss (2021) : -$369.72 Profit/Loss (2022) : -$29,281.88 |
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.
