Payment Split : 20% / 80%
Partnership Equity Split : 30% / 70%
| # | Expense Amount | Expense Type | Date added |
|---|---|---|---|
| 1 | $14,411.65 | Property Purchase Price | 09/27/2017 |
| 2 | $1,800.00 | General Rehab Repairs | 09/27/2017 |
| 3 | $3,600.00 | General Rehab Repairs | 11/08/2017 |
| 4 | $2,600.00 | General Rehab Repairs | 11/11/2017 |
| 5 | $785.00 | General Rehab Repairs | 02/10/2019 |
| 6 | $500.00 | General Rehab Repairs | 08/05/2019 |
| 7 | $1,100.00 | General Rehab Repairs | 07/12/2021 |
| Purchase price : $14411.65 | Total Rehab Cost :$10,385.00 | All-In Property Cost : $24,796.65 | |
| # | Expense Amount | Expense Type | Expense Note | Expense Document | Date added |
|---|---|---|---|---|---|
| 1 | $14,411.65 | Property Purchase Price | EMD $390 sent 5/11 + $30 fee to wire x 2 Final Funds wired 5/31 $14,021.65 | 09/27/2017 | |
| 2 | $631.40 | Final Funds (Purchase) | $631.40 closing costs credited $310.17 Altisource fee so $14,021.65 final funds + $207.16 additional | 09/27/2017 | |
| 3 | $166.42 | County Taxes | County taxes to 7/1/16 | 09/27/2017 | |
| 4 | $1,250.00 | Rent | Albert Commission | 05/18/2017 | |
| 5 | $1,800.00 | General Rehab Repairs | Anthony 9k bid - $1,800 paid on 9/13 | 09/27/2017 | |
| 6 | $369.00 | Arcana Insurance Payment | Arcana insurance | 09/27/2017 | |
| 7 | $31.39 | Arcana Insurance Payment | Arcana | 09/27/2017 | |
| 8 | $31.29 | Arcana Insurance Payment | Arcana | 09/27/2017 | |
| 9 | $30.29 | Arcana Insurance Payment | Arcana | 09/27/2017 | |
| 10 | $31.29 | Arcana Insurance Payment | Arcana | 09/27/2017 | |
| 11 | $30.29 | Arcana Insurance Payment | Arcana | 09/27/2017 | |
| 12 | $31.29 | Arcana Insurance Payment | Arcana | 09/27/2017 | |
| 13 | $31.29 | Arcana Insurance Payment | Arcana Insurance Feb | 09/27/2017 | |
| 14 | $28.25 | Arcana Insurance Payment | Arcana March 2017 | 09/27/2017 | |
| 15 | $31.29 | Arcana Insurance Payment | Arcana April | 09/27/2017 | |
| 16 | $30.29 | Arcana Insurance Payment | Arcana May | 09/27/2017 | |
| 17 | $1,280.70 | County Taxes | 2017 | 09/27/2017 | |
| 18 | $2,304.25 | County Taxes | 2016 | 09/27/2017 | |
| 19 | $3,600.00 | General Rehab Repairs | $3,600 additional payment paid 10/9 | 11/08/2017 | |
| 20 | $100.00 | Setup Fee | 11/08/2017 | ||
| 21 | $2,600.00 | General Rehab Repairs | $2,600 paid 11/11 ($1,000 remaining) | 11/11/2017 | |
| 22 | $60.00 | Lawncare | 11/17/2017 | ||
| 23 | $300.00 | Utility Turn On | Gas Reconnection fee | 11/17/2017 | |
| 24 | $150.00 | Water Bill | Service start fee | 11/28/2017 | |
| 25 | $70.00 | Snow Removal | 12/22/2017 | ||
| 26 | $50.00 | Utility Turn On | Water | 12/22/2017 | |
| 27 | $70.00 | Snow Removal | 01/27/2018 | ||
| 28 | $245.61 | Arcana Insurance Payment | 2017 Remainder | 01/29/2018 | |
| 29 | $126.14 | County Taxes | 2017 Winter Tax | 02/02/2018 | |
| 30 | $210.00 | Snow Removal | 1/30, 2/6, 2/13 | 03/05/2018 | |
| 31 | $60.00 | Lawncare | 04/17/2018 | ||
| 32 | $60.00 | Lawncare | 05/12/2018 | ||
| 33 | $136.24 | City Taxes | Detroit city taxes 2017 | 06/25/2018 | |
| 34 | $1,285.45 | City Taxes | City of Detroit | 09/04/2018 | |
| 35 | $60.00 | Lawncare | 09/05/2018 | ||
| 36 | $60.00 | Lawncare | 09/21/2018 | ||
| 37 | $60.00 | Lawncare | 12/04/2018 | ||
| 38 | $60.00 | Lawncare | 12/11/2018 | ||
| 39 | $128.75 | City Taxes | Detroit Winter Taxes 2019 | 01/30/2019 | |
| 40 | $785.00 | General Rehab Repairs | Clear Boarding | 02/10/2019 | |
| 41 | $328.00 | Electricity Bill | DTE | 02/12/2019 | |
| 42 | $70.00 | Snow Removal | 02/20/2019 | ||
| 43 | $100.00 | Utility Turn On | Water & Power Utility Turn On | 02/22/2019 | |
| 44 | $3.30 | Electricity Bill | DTE | 03/10/2019 | |
| 45 | $65.00 | Lawncare | 03/29/2019 | ||
| 46 | $350.00 | Curb Appeal Repairs | 04/08/2019 | ||
| 47 | $24.70 | Electricity Bill | DTE | 04/15/2019 | |
| 48 | $60.00 | Lawncare | 05/05/2019 | ||
| 49 | $600.00 | Curb Appeal Repairs | 05/13/2019 | ||
| 50 | $60.00 | Lawncare | 06/03/2019 | ||
| 51 | $764.00 | Water Bill | 07/15/2019 | ||
| 52 | $100.00 | Lawncare | grass cut trim hedges | 07/23/2019 | |
| 53 | $1,436.49 | Miscellaneous Profit | 50k LC Sale price proceeds at closing - overall profit $33,722 at date of closing | 08/02/2019 | |
| 54 | $500.00 | General Rehab Repairs | Gutter repairs before closing - billed late | 08/05/2019 | |
| 55 | $265.11 | Water Bill | DWSD | 08/12/2019 | |
| 56 | $375.00 | Miscellaneous | Plumbing | 09/13/2019 | |
| 57 | $1,611.00 | Miscellaneous | electrical repairs and excessive bill | 09/25/2019 | |
| 58 | $445.97 | Rent | Aug 2019 Mortgage payment | 09/30/2019 | |
| 59 | $68.89 | Water Bill | 10/07/2019 | ||
| 60 | $1.59 | Electricity Bill | DTE | 10/17/2019 | |
| 61 | $537.81 | Rent | Mortgage payment 9/25/19 | 11/11/2019 | |
| 62 | $1,031.94 | Rent | 10/25/19 and 11/25/19 Mortgage payments | 11/25/2019 | |
| 63 | $361.00 | Water Bill | DWSD | 12/02/2019 | |
| 64 | $320.00 | Eviction Expenses | Draft letter to BSEED and negotiate with city attorney | 12/09/2019 | |
| 65 | $134.99 | Water Bill | DWSD | 02/03/2020 | |
| 66 | $134.99 | Water Bill | DWSD | 03/10/2020 | |
| 67 | $537.81 | Rent | 12/25/19 mortgage payment | 03/24/2020 | |
| 68 | $134.99 | Water Bill | DWSD PPA | 04/01/2020 | |
| 69 | $134.99 | Water Bill | DWSD | 04/28/2020 | |
| 70 | $95.00 | Miscellaneous | FCI Bankruptcy servicing - April 2020 | 05/01/2020 | |
| 71 | $134.99 | Water Bill | PPA - DWSD | 05/29/2020 | |
| 72 | $95.00 | Miscellaneous | FCI Bankruptcy servicing - May 2020 | 06/02/2020 | |
| 73 | $420.90 | Miscellaneous | Arcana insurance - 12 year policy - Land contract insurance expired and bankruptcy cancelled insurance by mortgagor | 07/01/2020 | |
| 74 | $45.00 | Miscellaneous | Special servicing for BK | 07/02/2020 | |
| 75 | $750.00 | Miscellaneous | Prepare legal file, serve motion for relief of automatic stay, quiet title, and clean title charge | 07/07/2020 | |
| 76 | $134.99 | Water Bill | DWSD | 07/14/2020 | |
| 77 | $45.00 | Management Fee | FCI increased servicing fee | 08/04/2020 | |
| 78 | $134.99 | Water Bill | DWSD PPA | 08/31/2020 | |
| 79 | $45.00 | Miscellaneous | Additional servicing fee from FCI for BK | 09/21/2020 | |
| 80 | $30.00 | Miscellaneous | Additional servicing fee from FCI | 10/01/2020 | |
| 81 | $300.00 | Eviction Expenses | Notice of Forfeiture | 10/16/2020 | |
| 82 | $134.99 | Water Bill | DWSD PPA | 10/26/2020 | |
| 83 | $30.00 | Miscellaneous | Servicing fee from FCI | 11/02/2020 | |
| 84 | $335.00 | Eviction Expenses | Summons and complaint filing/preparation for bankruptcy forfeiture of LC | 11/13/2020 | |
| 85 | $134.99 | Water Bill | DWSD PPA | 11/30/2020 | |
| 86 | $350.00 | Eviction Expenses | $350 - Complaint filing, arrange for service | 12/20/2020 | |
| 87 | $300.00 | Eviction Expenses | $300 - Prepare and mail Notice of Forfeiture and consulting | 12/20/2020 | |
| 88 | $134.99 | Water Bill | DWSD PPA | 01/19/2021 | |
| 89 | $60.00 | Miscellaneous | Dec and Jan Servicing Fee FCI | 02/11/2021 | |
| 90 | $134.99 | Water Bill | DWSD PPA | 02/24/2021 | |
| 91 | $30.00 | Miscellaneous | Special servicing fee from FCI | 03/02/2021 | |
| 92 | $134.99 | Water Bill | Detroit Water PPP | 03/27/2021 | |
| 93 | $350.00 | Eviction Expenses | Prepare for hearing, adjournment, alternative hearing, judge dismissal | 04/08/2021 | |
| 94 | $134.99 | Water Bill | 04/25/2021 | ||
| 95 | $30.00 | Miscellaneous | FCI Servicing Fee | 05/04/2021 | |
| 96 | $134.99 | Water Bill | 05/19/2021 | ||
| 97 | $134.99 | Water Bill | Water bill | 06/29/2021 | |
| 98 | $1,100.00 | General Rehab Repairs | Bankruptcy Land contract borrower moved out and stopped paying loan. Rehab of property, removal of debris and hazardous waste and rekey | 07/12/2021 | |
| 99 | $675.00 | Eviction Expenses | Final legal expenses billing | 07/15/2021 | |
| 100 | $134.99 | Water Bill | 07/26/2021 | ||
| 101 | $145.00 | Eviction Expenses | Servicing removal fee | 08/02/2021 | |
| 102 | $100.00 | Lawncare | lawncare July and August | 08/24/2021 | |
| 103 | $225.00 | Miscellaneous | FCI fees for servicing removal | 09/15/2021 | |
| 104 | $450.00 | Miscellaneous | Final legal fees associated with mortgage removal and cancellation | 09/28/2021 | |
| 105 | $80.00 | Lawncare | Sept and Oct Lawncare | 10/11/2021 | |
| 106 | $2,191.92 | Final Funds (Purchase) | Amount spent was $44,872.80 | 10/21/2021 | |
| 107 | $150.00 | Miscellaneous | Notary and overnight final closing services | 10/21/2021 | |
| 108 | $350.00 | Miscellaneous | TC and underwriter fee | 10/22/2021 | |
| 109 | $1,250.00 | Miscellaneous | Buyer side commission | 10/22/2021 | |
| 110 | $350.00 | Miscellaneous | Title reconveyance fees from FCI lawfirm | 12/14/2021 | |
| 111 | $300.00 | Miscellaneous | FCI Servicing invoice for government assistance | 04/23/2022 | |
| 112 | $180.00 | Miscellaneous | Special servicing | 05/03/2022 | |
| 113 | $60.00 | Miscellaneous | Special servicing | 02/03/2026 | |
| Overall ROI : 10.34 % ROI (2017) : 4.43% ROI (2018) : 0.00% ROI (2019) : 49.73% ROI (2020) : 13.26% ROI (2021) : 0.00% ROI (2022) : 0.00% ROI (2026) : 0.00% |
Overall Profit/Loss: -$45,412.80 Profit/Loss (2017) : -$26,950.38 Profit/Loss (2018) : -$2,433.44 Profit/Loss (2019) : -$3,489.13 Profit/Loss (2020) : -$3,518.00 Profit/Loss (2021) : -$8,481.85 Profit/Loss (2022) : -$480.00 Profit/Loss (2026) : -$60.00 |
Total Admin Owed : $48.00 Total Client Owed : $0.00 Total Owed : $48.00 |
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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.
