Payment Split : 20% / 80%
Partnership Equity Split : 30% / 70%
| # | Expense Amount | Expense Type | Date added |
|---|---|---|---|
| 1 | $16,370.00 | Property Purchase Price (including Closing Costs) | 06/02/2017 |
| 2 | $7,222.00 | General Rehab Repairs | 06/02/2017 |
| 3 | $500.00 | General Rehab Repairs | 09/23/2017 |
| 4 | $1,495.00 | General Rehab Repairs | 09/23/2017 |
| 5 | $500.00 | General Rehab Repairs | 11/08/2017 |
| 6 | $850.00 | General Rehab Repairs | 11/08/2017 |
| 7 | $250.00 | Plumbing Repairs | 11/08/2017 |
| 8 | $1,010.00 | General Rehab Repairs | 02/23/2018 |
| 9 | $2,000.00 | General Rehab Repairs | 08/18/2018 |
| 10 | $2,900.00 | General Rehab Repairs | 09/21/2018 |
| 11 | $750.00 | General Rehab Repairs | 06/08/2019 |
| 12 | $345.00 | Plumbing Repairs | 04/14/2020 |
| 13 | $600.00 | General Rehab Repairs | 07/12/2021 |
| Purchase price : $16370 | Total Rehab Cost :$18,422.00 | All-In Property Cost : $34,792.00 | |
| # | Expense Amount | Expense Type | Expense Note | Expense Document | Date added |
|---|---|---|---|---|---|
| 1 | $16,370.00 | Property Purchase Price (including Closing Costs) | Total Purchase Price ($12,200) with closing costs and rehab | 06/02/2017 | |
| 2 | $2.94 | Arcana Insurance Payment | Arcana | 09/23/2017 | |
| 3 | $29.27 | Arcana Insurance Payment | Arcana | 09/23/2017 | |
| 4 | $30.24 | Arcana Insurance Payment | Arcana | 09/23/2017 | |
| 5 | $29.27 | Arcana Insurance Payment | Arcana | 09/23/2017 | |
| 6 | $30.24 | Arcana Insurance Payment | Arcana | 09/23/2017 | |
| 7 | $30.24 | Arcana Insurance Payment | Arcana Insurance Feb | 09/23/2017 | |
| 8 | $27.30 | Arcana Insurance Payment | Arcana March 2017 | 09/23/2017 | |
| 9 | $150.00 | Water Bill | Water turn on | 09/23/2017 | |
| 10 | $30.24 | Arcana Insurance Payment | Arcana April | 09/23/2017 | |
| 11 | $29.27 | Arcana Insurance Payment | Arcana May | 09/23/2017 | |
| 12 | $7,222.00 | General Rehab Repairs | 06/02/2017 | ||
| 13 | $104.84 | County Taxes | 2016 | 09/23/2017 | |
| 14 | $500.00 | General Rehab Repairs | Rahim rental final repairs. $1,000 is bid. $500 paid 8/1 | 09/23/2017 | |
| 15 | $150.00 | Water Bill | Water Deposit - Landlord Account | 09/23/2017 | |
| 16 | $89.01 | Arcana Insurance Payment | June, July, August | 09/23/2017 | |
| 17 | $356.04 | Arcana Insurance Payment | Arcana Renewal 2017 | 09/23/2017 | |
| 18 | $623.40 | County Taxes | 2017 | 09/23/2017 | |
| 19 | $1,495.00 | General Rehab Repairs | Renter repairs - Alphonso Harris contractor - Total job $1,495 *$895 paid 9/5 | 09/23/2017 | |
| 20 | $22.01 | Electricity Bill | DTE | 09/23/2017 | |
| 21 | $200.00 | Lawncare | Initial lawncare and cleaning | 09/23/2017 | |
| 22 | $125.00 | Sales Clean | 09/23/2017 | ||
| 23 | $118.68 | Arcana Insurance Payment | June, July, Aug Arcana | 09/23/2017 | |
| 24 | $356.04 | Arcana Insurance Payment | 8/29/17 to 8/29/18 | 09/23/2017 | |
| 25 | $500.00 | General Rehab Repairs | Furnace and Water heater | 11/08/2017 | |
| 26 | $31.98 | Electricity Bill | DTE | 11/08/2017 | |
| 27 | $850.00 | General Rehab Repairs | Furnace and water heater additional cost - total cost is $1,400 * $350 remaining paid 10/22 | 11/08/2017 | |
| 28 | $16.20 | Electricity Bill | DTE | 11/08/2017 | |
| 29 | $250.00 | Plumbing Repairs | 11/08/2017 | ||
| 30 | $625.00 | Miscellaneous Profit | Renter Deposit | 10/24/2017 | |
| 31 | $246.07 | Water Bill | 11/08/2017 | ||
| 32 | $390.00 | Trash Out | Debris removal | 11/20/2017 | |
| 33 | $46.43 | County Taxes | 2017 Winter Taxes | 02/02/2018 | |
| 34 | $1,010.00 | General Rehab Repairs | $2,020 approved Move-in rehab by Anthony Sharp. $1010 paid on 2/22 | 02/23/2018 | |
| 35 | $70.00 | Water Bill | Turn on fee - went to water dept | 03/05/2018 | |
| 36 | $846.00 | Rent | $900 - $54 = $846 (payment of partial amount owed for Jan, Feb, March - reviewing payment plans and eviction) | 03/23/2018 | |
| 37 | $20.00 | Eviction Expenses | 30 day notice | 04/15/2018 | |
| 38 | $325.00 | Eviction Expenses | Court appearance, prep writ | 05/12/2018 | |
| 39 | $50.15 | City Taxes | Detroit city taxes 2017 | 06/23/2018 | |
| 40 | $75.00 | Eviction Expenses | prep writ/order eviction | 06/29/2018 | |
| 41 | $281.28 | Waste Bill | Detroit Water & Sewerage Dept | 07/20/2018 | |
| 42 | $281.28 | Water Bill | Detroit Water & Sewerage Dept | 08/13/2018 | |
| 43 | $625.08 | City Taxes | City of Detroit | 08/14/2018 | |
| 44 | $2,000.00 | General Rehab Repairs | $4900 total approved Rehab from move-out and Sec. 8 repairs. Paid Sharp $2000 on 8/17 | 08/18/2018 | |
| 45 | $12.79 | Water Bill | Detroit Water & Sewerage Dept | 09/12/2018 | |
| 46 | $2,900.00 | General Rehab Repairs | Final Rehab repairs - property completed | 09/21/2018 | |
| 47 | $356.04 | Arcana Insurance Payment | 2018 Arcana Insurance Annual renewal | 10/18/2018 | |
| 48 | $150.00 | Utility Turn On | electric, gas & water turn on | 12/11/2018 | |
| 49 | $47.41 | City Taxes | Detroit Winter Taxes 2019 | 01/17/2019 | |
| 50 | $11.18 | Electricity Bill | DTE | 02/12/2019 | |
| 51 | $350.00 | Curb Appeal Repairs | 04/08/2019 | ||
| 52 | $150.00 | Miscellaneous | Renter underwriter fee - Cheryl | 05/03/2019 | |
| 53 | $250.00 | Curb Appeal Repairs | Lawncare & curb appeal for city registration | 05/30/2019 | |
| 54 | $200.00 | Registration Fee | Vacant registration inspection fee | 05/31/2019 | |
| 55 | $350.00 | Registration Fee | Rental registration fee | 05/31/2019 | |
| 56 | $750.00 | General Rehab Repairs | tub, cabinets, and surround | 06/08/2019 | |
| 57 | $1,125.00 | Rent | Security Deposit | 07/29/2019 | |
| 58 | $705.00 | Rent | $750 - $45 mgmt fee = $705 (June) | 07/30/2019 | |
| 59 | $322.33 | City Taxes | Autoagent 2019 taxes paid by ACH 1st 1/2 payment | 08/14/2019 | |
| 60 | $705.00 | Rent | $750 - $45 mgmt fee = $705 | 01/06/2020 | |
| 61 | $370.85 | City Taxes | 2nd 1/2 summer 2019 + winter 2020 taxes | 01/16/2020 | |
| 62 | $705.00 | Rent | $750 - $45 mgmt fee = $705 | 01/28/2020 | |
| 63 | $285.58 | Miscellaneous | Rami & Martin expenses | 02/13/2020 | |
| 64 | $705.00 | Rent | Positive Feb 2020 rent | 03/09/2020 | |
| 65 | $705.00 | Rent | $750 - $745 mgmt fee = $705 | 03/30/2020 | |
| 66 | $345.00 | Plumbing Repairs | Roto-rooter basement flooded | 04/14/2020 | |
| 67 | $1,316.00 | Rent | $1400 - $84 mgmt fee = $1316 | 05/01/2020 | |
| 68 | $417.00 | Arcana Insurance Payment | Arcana insurance from 5/1/20 to 5/1/21 | 05/04/2020 | |
| 69 | $326.16 | City Taxes | 1st 1/2 summer city taxes 2020 AA | 08/16/2020 | |
| 70 | $481.10 | County Taxes | Winter and partial Summer taxes | 02/04/2021 | |
| 71 | $391.14 | County Taxes | 2021 Summer Tax | 07/08/2021 | |
| 72 | $600.00 | General Rehab Repairs | Debris removal, rekey, property cleaning for sale | 07/12/2021 | |
| 73 | $469.95 | County Taxes | Taxes Second installment | 12/13/2021 | |
| 74 | $150.00 | Miscellaneous | Notary, mailing, printing | 07/22/2022 | |
| 75 | $29,218.02 | Miscellaneous Profit | Closing check - spent $37,439 | 08/01/2022 | |
| Overall ROI : 81.68 % ROI (2017) : 2.06% ROI (2018) : 10.31% ROI (2019) : 75.28% ROI (2020) : 237.08% ROI (2021) : 0.00% ROI (2022) : 19,478.68% |
Overall Profit/Loss: -$8,221.01 Profit/Loss (2017) : -$29,780.28 Profit/Loss (2018) : -$7,357.05 Profit/Loss (2019) : -$600.92 Profit/Loss (2020) : -$2,391.41 Profit/Loss (2021) : -$1,942.19 Profit/Loss (2022) : -$29,068.02 |
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.
