Payment Split : 20% / 80%
Partnership Equity Split : 30% / 70%
| # | Expense Amount | Expense Type | Date added |
|---|---|---|---|
| 1 | $6,800.00 | Property Purchase Price | 09/25/2017 |
| 2 | $1,800.00 | General Rehab Repairs | 01/08/2018 |
| 3 | $1,800.00 | General Rehab Repairs | 01/10/2018 |
| 4 | $3,600.00 | General Rehab Repairs | 01/16/2018 |
| 5 | $2,075.00 | General Rehab Repairs | 05/23/2018 |
| 6 | $2,000.00 | General Rehab Repairs | 07/19/2018 |
| 7 | $750.00 | Electrical Repairs | 09/24/2018 |
| 8 | $1,300.00 | General Rehab Repairs | 09/24/2018 |
| 9 | $3,084.00 | General Rehab Repairs | 09/29/2018 |
| 10 | $1,600.00 | General Rehab Repairs | 10/16/2018 |
| 11 | $650.00 | General Rehab Repairs | 08/07/2019 |
| 12 | $1,200.00 | General Rehab Repairs | 08/10/2019 |
| 13 | $400.00 | General Rehab Repairs | 10/15/2019 |
| 14 | $5,050.00 | General Rehab Repairs | 02/27/2020 |
| 15 | $450.00 | General Rehab Repairs | 03/04/2020 |
| 16 | $150.00 | General Rehab Repairs | 07/22/2020 |
| 17 | $650.00 | General Rehab Repairs | 10/28/2021 |
| 18 | $2,000.00 | General Rehab Repairs | 01/17/2023 |
| Purchase price : $6800 | Total Rehab Cost :$28,559.00 | All-In Property Cost : $35,359.00 | |
| # | Expense Amount | Expense Type | Expense Note | Expense Document | Date added |
|---|---|---|---|---|---|
| 1 | $6,800.00 | Property Purchase Price | 09/25/2017 | ||
| 2 | $1,142.00 | County Taxes | Summer tax 2017 | 09/25/2017 | |
| 3 | $1,800.00 | General Rehab Repairs | $9000 approved - Anthony Tyson - $1,800 paid 1/8 | 01/08/2018 | |
| 4 | $1,800.00 | General Rehab Repairs | 2nd progress payment to Tyson on 1/9 | 01/10/2018 | |
| 5 | $3,600.00 | General Rehab Repairs | $3600 Progress payment sent to Anthony Tyson on 1/16 | 01/16/2018 | |
| 6 | $100.00 | Setup Fee | 01/27/2018 | ||
| 7 | $50.00 | Utility Turn On | Power | 01/27/2018 | |
| 8 | $2,075.00 | General Rehab Repairs | Exterior repairs per city compliance division - siding, steps, beams - Total cost $4,150 - Paid $2075 to Anthony Sharp on 5/22 | 05/23/2018 | |
| 9 | $2,000.00 | General Rehab Repairs | Final payment for Sec. 8 repairs and city compliance paid Sharp on 7/19 | 07/19/2018 | |
| 10 | $1,041.77 | City Taxes | City of Detroit | 09/04/2018 | |
| 11 | $750.00 | Electrical Repairs | New electrical meter install and circuit board | 09/24/2018 | |
| 12 | $1,300.00 | General Rehab Repairs | $1300 paid Tyson for remaining repairs. $500 remaining in budget | 09/24/2018 | |
| 13 | $658.00 | Rent | Sept deposit | 09/25/2018 | |
| 14 | $3,084.00 | General Rehab Repairs | Final Sec. 8 repairs needed for move in | 09/29/2018 | |
| 15 | $1,600.00 | General Rehab Repairs | Sharp paid $1600 on 10/16 - final move in repairs per final inspection | 10/16/2018 | |
| 16 | $163.00 | Waste Bill | Water turn on for inspection | 11/01/2018 | |
| 17 | $98.73 | City Taxes | Detroit Winter Taxes 2019 | 01/25/2019 | |
| 18 | $639.20 | Rent | $680 - $40.80 mgmt fee = $639.20 | 02/01/2019 | |
| 19 | $43.43 | Water Bill | DWSD | 02/05/2019 | |
| 20 | $639.20 | Rent | $680 - $40.80 mgmt fee = $639.20 | 02/20/2019 | |
| 21 | $244.87 | Electricity Bill | DWSD | 03/01/2019 | |
| 22 | $43.43 | Electricity Bill | DWSD | 03/25/2019 | |
| 23 | $47.79 | Electricity Bill | DWSD | 05/22/2019 | |
| 24 | $150.00 | Registration Fee | Vacant property registration - City of Detroit | 05/26/2019 | |
| 25 | $200.00 | Registration Fee | Vacant registration inspection fee | 05/30/2019 | |
| 26 | $350.00 | Registration Fee | Rental registration fee | 05/30/2019 | |
| 27 | $20.00 | Eviction Expenses | 7 day notice | 05/31/2019 | |
| 28 | $45.61 | Electricity Bill | DWSD | 06/20/2019 | |
| 29 | $450.00 | Eviction Expenses | prep/file summons compliant | 06/26/2019 | |
| 30 | $141.19 | Water Bill | DWSD | 07/18/2019 | |
| 31 | $650.00 | General Rehab Repairs | Bailiff lockout and dumpster personal property removal | 08/07/2019 | |
| 32 | $1,200.00 | General Rehab Repairs | Sharp paid $1,200 on 9/9 | 08/10/2019 | |
| 33 | $91.22 | Water Bill | DWSD | 08/12/2019 | |
| 34 | $541.23 | City Taxes | Autoagent 2019 taxes paid by ACH 1st 1/2 payment | 08/19/2019 | |
| 35 | $20.42 | Water Bill | DWSD | 09/13/2019 | |
| 36 | $50.00 | Miscellaneous | Alarm system monthly charge | 10/14/2019 | |
| 37 | $400.00 | General Rehab Repairs | Door and lock replacement and debris removal | 10/15/2019 | |
| 38 | $80.00 | Lawncare | 10/29/2019 | ||
| 39 | $50.00 | Miscellaneous | frontpoint monthly security alarm | 11/06/2019 | |
| 40 | $30.34 | Water Bill | DWSD | 12/02/2019 | |
| 41 | $50.00 | Miscellaneous | Alarm system | 12/03/2019 | |
| 42 | $70.54 | Electricity Bill | DTE | 12/05/2019 | |
| 43 | $50.00 | Miscellaneous | Alarm system | 01/08/2020 | |
| 44 | $31.60 | Water Bill | DWSD | 01/14/2020 | |
| 45 | $642.32 | City Taxes | 2nd 1/2 summer 2019 & winter 2020 taxes | 01/17/2020 | |
| 46 | $285.58 | Miscellaneous | Rami & Martin expenses | 02/07/2020 | |
| 47 | $50.00 | Inspection | Contractor bid, punchlist, inspection | 02/22/2020 | |
| 48 | $5,050.00 | General Rehab Repairs | $5,050 Quintin Bid approved 2/27/20. $2,020 paid Quintin 2/27/20. $3030 paid 6/17/2020 | 02/27/2020 | |
| 49 | $1,467.73 | Electricity Bill | squatter former tenant bill and mechanicals rehab | 03/04/2020 | |
| 50 | $450.00 | General Rehab Repairs | debris removal & city compliant | 03/04/2020 | |
| 51 | $567.12 | Electricity Bill | DTE | 03/13/2020 | |
| 52 | $200.00 | Miscellaneous | Water Dispute 12-17-19 | 03/13/2020 | |
| 53 | $570.00 | Miscellaneous | Phone consultant 1-8-20, Review documents and water claims 1-8-20 | 03/13/2020 | |
| 54 | $64.78 | Water Bill | DWSD | 03/16/2020 | |
| 55 | $64.78 | Water Bill | DWSD | 03/16/2020 | |
| 56 | $34.76 | Water Bill | DWSD | 04/10/2020 | |
| 57 | $150.00 | Miscellaneous | Frontpoint Property Alarm / Security System Charges | 04/16/2020 | |
| 58 | $399.12 | Electricity Bill | DTE | 04/22/2020 | |
| 59 | $67.94 | Water Bill | DWSD | 05/07/2020 | |
| 60 | $250.00 | Miscellaneous | 5 months alarm - $250 | 05/11/2020 | |
| 61 | $125.00 | Inspection | Work completion inspection | 06/09/2020 | |
| 62 | $31.60 | Water Bill | DWSD | 06/16/2020 | |
| 63 | $696.54 | Rent | $741 - $44.46 mgmt fee = $696.54 | 06/29/2020 | |
| 64 | $64.78 | Water Bill | DWSD | 06/30/2020 | |
| 65 | $700.00 | Miscellaneous | Rental commission | 07/02/2020 | |
| 66 | $150.00 | General Rehab Repairs | Reinstall hot water tank and furnace for tenant | 07/22/2020 | |
| 67 | $420.96 | Arcana Insurance Payment | 1 year insurance 7/27/20 - 7/27/21 | 07/27/2020 | |
| 68 | $696.54 | Rent | $741 - $44.46 mgmt fee = $696.54 | 07/28/2020 | |
| 69 | $150.00 | Miscellaneous | May, June, July Frontpoint alarm security system payment | 08/01/2020 | |
| 70 | $549.22 | City Taxes | 1st 1/2 summer city taxes 2020 AA | 08/21/2020 | |
| 71 | $696.54 | Rent | $721 - $43.24 mgmt fee = $696.54 | 09/28/2020 | |
| 72 | $138.00 | Water Bill | DWSD | 12/08/2020 | |
| 73 | $658.00 | Rent | $700 - $42 mgmt fee = $658 | 01/04/2021 | |
| 74 | $658.00 | Rent | $700 - $42 mgmt fee = $658 | 01/27/2021 | |
| 75 | $782.50 | County Taxes | Winter and partial Summer taxes | 02/04/2021 | |
| 76 | $677.41 | Rent | $721 rent paid minus $43 management fee | 02/27/2021 | |
| 77 | $658.00 | Rent | $700 rent paid minus $42 management fee | 03/29/2021 | |
| 78 | $706.45 | Rent | $752- mgmt fee $45.09=$706.45 | 04/27/2021 | |
| 79 | $677.41 | Rent | $721 rent paid minus $43 management fee | 05/31/2021 | |
| 80 | $658.54 | County Taxes | 2021 Summer Tax | 07/08/2021 | |
| 81 | $658.00 | Rent | $700-$42 management fees=$658 Rent payment for July 2021 | 07/29/2021 | |
| 82 | $658.00 | Rent | $700 rent paid minus $42 management fee | 08/28/2021 | |
| 83 | $650.00 | General Rehab Repairs | Tree fallen and roof repair | 10/28/2021 | |
| 84 | $658.00 | Rent | $700 rent paid minus $42 management fee | 11/29/2021 | |
| 85 | $816.24 | County Taxes | Taxes Second installment | 12/13/2021 | |
| 86 | $658.00 | Rent | $700 rent paid minus $42 management fee | 05/04/2022 | |
| 87 | $1,353.06 | County Taxes | 08/15/2022 | ||
| 88 | $60.00 | Lawncare | October lawn care | 10/18/2022 | |
| 89 | $60.00 | Lawncare | November lawn care | 11/21/2022 | |
| 90 | $60.00 | Lawncare | December lawn care | 12/17/2022 | |
| 91 | $60.00 | Lawncare | January lawn care | 01/03/2023 | |
| 92 | $150.00 | City Taxes | Winter tax payments 2022 | 01/04/2023 | |
| 93 | $2,000.00 | General Rehab Repairs | Furnace, bathroom damage, government assistance has funds in escrow for repairs | 01/17/2023 | |
| 94 | $60.00 | Lawncare | February lawn care | 03/01/2023 | |
| 95 | $120.00 | Lawncare | March and April lawn care | 04/06/2023 | |
| 96 | $60.00 | Lawncare | May lawn care | 05/13/2023 | |
| 97 | $180.00 | Lawncare | June, July, August lawn care | 08/23/2023 | |
| 98 | $1,449.81 | County Taxes | 2023 County Taxes | 08/24/2023 | |
| 99 | $60.00 | Lawncare | September lawncare | 09/06/2023 | |
| 100 | $120.00 | Lawncare | October and November lawncare | 11/20/2023 | |
| 101 | $120.00 | Lawncare | December and January lawn care | 01/04/2024 | |
| 102 | $177.29 | County Taxes | Wayne County Winter taxes | 01/15/2024 | |
| 103 | $60.00 | Lawncare | Feb lawn care | 02/12/2024 | |
| 104 | $120.00 | Lawncare | March / April lawncare | 04/11/2024 | |
| 105 | $1,075.00 | Miscellaneous | Detroit Appraisals | 05/02/2024 | |
| 106 | $800.00 | Miscellaneous | Arthur staging and materials | 05/02/2024 | |
| 107 | $60.00 | Lawncare | May lawncare | 05/06/2024 | |
| 108 | $60.00 | Lawncare | June lawncare | 06/10/2024 | |
| 109 | $120.00 | Lawncare | Lawncare July and August | 08/05/2024 | |
| 110 | $728.99 | County Taxes | 08/13/2024 | ||
| 111 | $120.00 | Lawncare | Sept and Oct lawncare | 10/16/2024 | |
| 112 | $60.00 | Lawncare | Nov 2024 lawncare | 11/21/2024 | |
| 113 | $60.00 | Lawncare | Dec lawncare | 12/09/2024 | |
| 114 | $60.00 | Lawncare | Jan 2025 Lawncare | 01/03/2025 | |
| 115 | $952.78 | County Taxes | 01/14/2025 | ||
| 116 | $60.00 | Lawncare | Feb Lawncare | 02/07/2025 | |
| 117 | $60.00 | Lawncare | March 2025 lawncare | 03/25/2025 | |
| 118 | $120.00 | Lawncare | April and May lawncare | 05/06/2025 | |
| 119 | $150.00 | Miscellaneous | Notary for closing | 06/12/2025 | |
| Overall ROI : 18.20 % ROI (2017) : 0.00% ROI (2018) : 3.40% ROI (2019) : 25.22% ROI (2020) : 16.42% ROI (2021) : 206.70% ROI (2022) : 42.92% ROI (2023) : 0.00% ROI (2024) : 0.00% ROI (2025) : 0.00% |
Overall Profit/Loss: -$48,070.78 Profit/Loss (2017) : -$7,942.00 Profit/Loss (2018) : -$18,705.77 Profit/Loss (2019) : -$3,790.40 Profit/Loss (2020) : -$10,635.67 Profit/Loss (2021) : -$3,101.99 Profit/Loss (2022) : -$875.06 Profit/Loss (2023) : -$4,259.81 Profit/Loss (2024) : -$3,561.28 Profit/Loss (2025) : -$1,402.78 |
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.
