Payment Split : 20% / 80%
Partnership Equity Split : 30% / 70%
| # | Expense Amount | Expense Type | Date added |
|---|---|---|---|
| 1 | $9,710.00 | Property Purchase Price | 06/02/2017 |
| 2 | $14,060.00 | General Rehab Repairs | 06/02/2017 |
| 3 | $175.00 | General Rehab Repairs | 09/27/2017 |
| 4 | $360.00 | Gas Line Repairs | 11/17/2017 |
| 5 | $400.00 | General Rehab Repairs | 02/23/2018 |
| 6 | $320.00 | General Rehab Repairs | 03/17/2018 |
| 7 | $300.00 | General Rehab Repairs | 07/04/2019 |
| 8 | $500.00 | General Rehab Repairs | 10/03/2019 |
| 9 | $275.00 | General Rehab Repairs | 11/23/2019 |
| 10 | $675.00 | General Rehab Repairs | 12/10/2019 |
| 11 | $375.00 | General Rehab Repairs | 12/24/2019 |
| 12 | $450.00 | Plumbing Repairs | 06/08/2020 |
| 13 | $1,350.00 | Furnace Install | 02/17/2021 |
| 14 | $1,250.00 | General Rehab Repairs | 07/12/2021 |
| Purchase price : $9710 | Total Rehab Cost :$20,490.00 | All-In Property Cost : $30,200.00 | |
| # | Expense Amount | Expense Type | Expense Note | Expense Document | Date added |
|---|---|---|---|---|---|
| 1 | $300.00 | Gas Bill | Gas turn on at street because cut | 05/24/2017 | |
| 2 | $14.64 | Arcana Insurance Payment | Feb | 05/24/2017 | |
| 3 | $27.30 | Arcana Insurance Payment | March | 05/24/2017 | |
| 4 | $30.24 | Arcana Insurance Payment | April | 05/24/2017 | |
| 5 | $29.27 | Arcana Insurance Payment | May | 05/24/2017 | |
| 6 | $9,710.00 | Property Purchase Price | 06/02/2017 | ||
| 7 | $14,060.00 | General Rehab Repairs | *Initial 30% payment ($4,200) made 4/19 **Paid $8,436 (60%) on 4/29 **$1,424 remaining paid 5/17 | 06/02/2017 | |
| 8 | $125.01 | County Taxes | 09/27/2017 | ||
| 9 | $175.00 | General Rehab Repairs | Final rent repairs | 09/27/2017 | |
| 10 | $750.00 | Rent | 6/8/17 $1,500 collected - First month PM fee | 06/29/2017 | |
| 11 | $200.00 | Miscellaneous | Water turn on - City Management - taken out of Rent | 09/27/2017 | |
| 12 | $19.61 | Electricity Bill | DTE | 09/27/2017 | |
| 13 | $873.80 | County Taxes | 2017 | 09/27/2017 | |
| 14 | $350.00 | Rent | 09/18/2017 | ||
| 15 | $329.00 | Rent | Sept 2017 | 09/28/2017 | |
| 16 | $1,127.20 | Rent | Oct 2017 | 10/24/2017 | |
| 17 | $611.80 | Rent | Nov 2017 | 11/12/2017 | |
| 18 | $360.00 | Gas Line Repairs | Install gas line, install toilet water line and valve, seal cot and water line | 11/17/2017 | |
| 19 | $356.04 | Miscellaneous | Arcana 2018 Renewal | 01/29/2018 | |
| 20 | $237.36 | Arcana Insurance Payment | 2017 Remainder | 01/29/2018 | |
| 21 | $76.81 | County Taxes | 2017 Winter Tax | 02/02/2018 | |
| 22 | $768.00 | Rent | Feb 2018 rent | 02/19/2018 | |
| 23 | $400.00 | General Rehab Repairs | $720 repairs approved for move-in repairs by Anthony Sharp. $400 paid on 2/22 | 02/23/2018 | |
| 24 | $320.00 | General Rehab Repairs | Remainder of repairs - paid Anthony Sharp 3/15 | 03/17/2018 | |
| 25 | $1,200.00 | Rent | March 2018 Rent plus remainder of past rent owed | 03/23/2018 | |
| 26 | $282.00 | Rent | April partial rent - $300 minus $18 management | 04/25/2018 | |
| 27 | $20.00 | Eviction Expenses | 7 day notice | 05/12/2018 | |
| 28 | $752.00 | Rent | $800 May 2018 rental payment minus $48 management fee | 06/22/2018 | |
| 29 | $244.00 | Rent | $260 June partial rent minus $15.60 management fee | 06/22/2018 | |
| 30 | $82.95 | City Taxes | Detroit city taxes 2017 | 06/26/2018 | |
| 31 | $20.00 | Eviction Expenses | 7 day notice | 07/27/2018 | |
| 32 | $300.00 | Eviction Expenses | Prep/file summons complaint | 08/24/2018 | |
| 33 | $876.72 | City Taxes | City of Detroit | 09/04/2018 | |
| 34 | $545.20 | Rent | Sept 2018 rent - $580 minus management | 09/25/2018 | |
| 35 | $470.00 | Rent | $500 minus $30 management fee | 10/30/2018 | |
| 36 | $20.00 | Eviction Expenses | 7 day notice | 12/11/2018 | |
| 37 | $78.40 | City Taxes | Detroit Winter Taxes 2019 | 01/31/2019 | |
| 38 | $562.12 | Rent | $598 - $35.88 mgmt fee = $562.12 | 02/02/2019 | |
| 39 | $352.50 | Rent | $375 - $22.50 mgmt fee = $352.50 | 02/20/2019 | |
| 40 | $20.00 | Eviction Expenses | 7 day notice | 05/31/2019 | |
| 41 | $350.00 | Eviction Expenses | prep/file summons compliant | 06/26/2019 | |
| 42 | $300.00 | General Rehab Repairs | Basement waste and flooding removal | 07/04/2019 | |
| 43 | $216.20 | Rent | $230 - $13.80 mgmt fee = $216.20 (May) | 07/29/2019 | |
| 44 | $798.06 | Rent | $849 - $50.94 mgmt fee = $798.06 (June) | 07/31/2019 | |
| 45 | $1,175.00 | Rent | $1250 - $75 mgmt fee = $1175 (July) | 07/31/2019 | |
| 46 | $454.52 | City Taxes | Autoagent 2019 taxes paid by ACH 1st 1/2 payment | 08/21/2019 | |
| 47 | $356.04 | Arcana Insurance Payment | 09/02/2019 | ||
| 48 | $500.00 | General Rehab Repairs | Roof repair, 3 squares | 10/03/2019 | |
| 49 | $275.00 | General Rehab Repairs | Drain line repair to stop sewer gas issue | 11/23/2019 | |
| 50 | $675.00 | General Rehab Repairs | Basement drainage and livability repairs. Paid Sharp $400 on 12/10/19. Total approved $675 $275 paid Sharp on 12/11/19 | 12/10/2019 | |
| 51 | $375.00 | General Rehab Repairs | 5 windows repaired. Paid Sharp $375 on 12/24/19 | 12/24/2019 | |
| 52 | $235.00 | Rent | $250 - $15 mgmt fee = $235 | 01/06/2020 | |
| 53 | $534.79 | City Taxes | 2nd 1/2 summer 2019 & winter 2020 taxes | 01/22/2020 | |
| 54 | $470.00 | Rent | $500 - $30 mgmt fee = $470 | 01/28/2020 | |
| 55 | $285.58 | Miscellaneous | Rami & Martin expenses | 02/13/2020 | |
| 56 | $517.00 | Rent | Positve Feb 2020 rent | 03/09/2020 | |
| 57 | $705.00 | Rent | $750 - $45 mgmt fee = $705 | 03/27/2020 | |
| 58 | $564.00 | Rent | $600 - $36 mgmt fee = $564 | 05/01/2020 | |
| 59 | $1,687.08 | Rent | $1795 - $107.68 mgmt fee = $1687.08 | 06/04/2020 | |
| 60 | $450.00 | Plumbing Repairs | 06/08/2020 | ||
| 61 | $1,687.32 | Rent | $1795 - $107.68 mgmt fee = $1687.32 | 06/09/2020 | |
| 62 | $725.67 | Rent | $772 - $46.33 mgmt fee = $725.67 | 06/29/2020 | |
| 63 | $234.56 | Rent | $250 - $15.44 mgmt fee = $234.56 | 07/28/2020 | |
| 64 | $460.84 | City Taxes | 1st 1/2 summer city taxes 2020 AA | 08/20/2020 | |
| 65 | $677.42 | Rent | $721 - $43.24 mgmt fee = $677.42 | 09/02/2020 | |
| 66 | $1,088.70 | Rent | $1158 - $69.49 mgmt fee = $1088.51 | 09/28/2020 | |
| 67 | $725.80 | Rent | $772 - $46.33 mgmt fee = $725.80 | 10/29/2020 | |
| 68 | $241.56 | Rent | $257 - $15.44 mgmt fee = $241.56 | 01/04/2021 | |
| 69 | $919.35 | Rent | $978 - $58.68 mgmt fee = $919.35 | 01/27/2021 | |
| 70 | $663.08 | County Taxes | Winter and partial Summer taxes | 02/04/2021 | |
| 71 | $1,350.00 | Furnace Install | Replacement furnace needed. Snowstorm blew out furnace | 02/17/2021 | |
| 72 | $726.00 | Rent | $772-$46 management fees=$726 | 02/27/2021 | |
| 73 | $1,209.67 | Rent | $1287 rent paid minus $77.21 management fee | 03/29/2021 | |
| 74 | $532.26 | Rent | $566-mgmt fee$33.97=$532.26 | 04/27/2021 | |
| 75 | $1,867.71 | Rent | $1986.93-mgmt fee$119.22=$1867.71 | 05/31/2021 | |
| 76 | $552.56 | County Taxes | 2021 Summer Tax | 07/08/2021 | |
| 77 | $1,250.00 | General Rehab Repairs | Sink repair, door replacement, kitchen flooring replacement | 07/12/2021 | |
| 78 | $1,655.47 | Rent | $1761-$105.67 management fees=$1655.47 Rent payment for July 2021 | 07/29/2021 | |
| 79 | $193.55 | Rent | $206 rent-mgmt fee$12.35 | 08/28/2021 | |
| 80 | $725.80 | Rent | $772 rent paid minus $46.33 management fee | 09/30/2021 | |
| 81 | $362.84 | Rent | $386 rent paid minus $23.16 management fee | 10/28/2021 | |
| 82 | $483.87 | Rent | $515 rent paid minus $30.89 management fee | 11/29/2021 | |
| 83 | $678.99 | County Taxes | Taxes Second installment | 12/13/2021 | |
| 84 | $725.79 | Rent | $772 rent paid minus $46.33 management fee | 01/01/2022 | |
| 85 | $1,161.28 | Rent | $1235 rent paid minus $74.12 management fee | 02/01/2022 | |
| 86 | $653.22 | Rent | $695 rent paid minus $41.69 management fee | 05/04/2022 | |
| 87 | $512.90 | Rent | $546 rent paid minus $32.74 management fee | 07/08/2022 | |
| 88 | $1,133.66 | County Taxes | 08/15/2022 | ||
| 89 | $556.44 | Rent | $592 rent paid minus $35.52 management fee | 09/08/2022 | |
| 90 | $150.00 | Miscellaneous | Notary, copies, mailing | 09/20/2022 | |
| 91 | $350.00 | Miscellaneous | TC and Underwriting | 09/20/2022 | |
| 92 | $60.00 | Lawncare | October lawn care | 10/18/2022 | |
| 93 | $50.00 | Miscellaneous | October Frontpoint security alarm | 10/18/2022 | |
| 94 | $250.00 | Miscellaneous | Rekey for access to buyer | 11/18/2022 | |
| 95 | $155.00 | Miscellaneous | Notary, printing, overnight | 11/18/2022 | |
| 96 | $500.00 | Miscellaneous | Sheneelia showing, tour, and preapproval | 11/18/2022 | |
| 97 | $60.00 | Lawncare | November lawn care | 11/21/2022 | |
| 98 | $50.00 | Miscellaneous | November Frontpoint security alarm | 11/21/2022 | |
| 99 | $250.00 | Lockbox / ReKey | Property posting, rekey, lockbox for buyer showings | 11/21/2022 | |
| 100 | $29,961.80 | Miscellaneous Profit | 11/30/2022 | ||
| 101 | $60.00 | Lawncare | December care | 12/17/2022 | |
| 102 | $50.00 | Miscellaneous | December Frontpoint security alarm | 12/17/2022 | |
| 103 | $60.00 | Lawncare | January lawn care | 01/03/2023 | |
| 104 | $119.11 | City Taxes | Winter tax payments 2022 | 01/04/2023 | |
| 105 | $6,920.00 | Rent | Government assistance | 01/13/2023 | |
| 106 | $692.00 | Miscellaneous | Sheneelia 10% commission for government assistance | 01/18/2023 | |
| 107 | $60.00 | Lawncare | February lawn care | 03/01/2023 | |
| 108 | $120.00 | Lawncare | March and April lawn care | 04/06/2023 | |
| Overall ROI : 163.29 % ROI (2017) : 12.22% ROI (2018) : 157.25% ROI (2019) : 91.72% ROI (2020) : 538.21% ROI (2021) : 198.42% ROI (2022) : 1,076.47% ROI (2023) : 658.35% |
Overall Profit/Loss: -$26,845.82 Profit/Loss (2017) : -$22,756.87 Profit/Loss (2018) : -$1,551.32 Profit/Loss (2019) : -$280.08 Profit/Loss (2020) : -$7,586.34 Profit/Loss (2021) : -$4,423.45 Profit/Loss (2022) : -$30,452.77 Profit/Loss (2023) : -$5,868.89 |
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.
