Payment Split : 20% / 80%
Partnership Equity Split : 30% / 70%
| # | Expense Amount | Expense Type | Date added |
|---|---|---|---|
| 1 | $5,727.00 | Property Purchase Price | 09/27/2017 |
| 2 | $9,000.00 | General Rehab Repairs | 09/27/2017 |
| 3 | $3,500.00 | General Rehab Repairs | 08/18/2018 |
| 4 | $785.00 | General Rehab Repairs | 02/10/2019 |
| 5 | $6,200.00 | General Rehab Repairs | 06/11/2020 |
| Purchase price : $5727 | Total Rehab Cost :$19,485.00 | All-In Property Cost : $25,212.00 | |
| # | Expense Amount | Expense Type | Expense Note | Expense Document | Date added |
|---|---|---|---|---|---|
| 1 | $14.64 | Arcana Insurance Payment | Arcana Insurance Feb | 09/27/2017 | |
| 2 | $27.30 | Arcana Insurance Payment | Arcana March 2017 | 09/27/2017 | |
| 3 | $30.24 | Arcana Insurance Payment | Arcana April | 09/27/2017 | |
| 4 | $29.27 | Arcana Insurance Payment | Arcana May | 09/27/2017 | |
| 5 | $5,727.00 | Property Purchase Price | 09/27/2017 | ||
| 6 | $127.35 | County Taxes | 2016 | 09/27/2017 | |
| 7 | $858.16 | County Taxes | 09/27/2017 | ||
| 8 | $9,000.00 | General Rehab Repairs | Rahim doing job - $4,500 paid 8/29 *$4500 paid 9/16 | 09/27/2017 | |
| 9 | $356.04 | Miscellaneous | Arcana 2018 Renewal | 01/29/2018 | |
| 10 | $237.36 | Arcana Insurance Payment | 2017 Remainder | 01/29/2018 | |
| 11 | $74.92 | County Taxes | 2017 Winter Tax | 02/02/2018 | |
| 12 | $100.00 | Setup Fee | 03/05/2018 | ||
| 13 | $60.00 | Lawncare | 04/16/2018 | ||
| 14 | $60.00 | Lawncare | 05/12/2018 | ||
| 15 | $600.00 | Curb Appeal Repairs | 06/21/2018 | ||
| 16 | $80.92 | City Taxes | Detroit city taxes 2017 | 06/25/2018 | |
| 17 | $3,500.00 | General Rehab Repairs | Sec. 8 repairs. Completion of poor quality of prior contractor. Sharp paid $3,500 on 8/17 | 08/18/2018 | |
| 18 | $860.92 | City Taxes | City of Detroit | 08/20/2018 | |
| 19 | $60.00 | City Taxes | City of Detroit | 09/05/2018 | |
| 20 | $60.00 | Lawncare | 09/21/2018 | ||
| 21 | $470.00 | Rent | Sept Deposit | 09/25/2018 | |
| 22 | $60.00 | Lawncare | 12/04/2018 | ||
| 23 | $76.45 | City Taxes | Detroit Winter Taxes 2019 | 01/27/2019 | |
| 24 | $785.00 | General Rehab Repairs | Clear Boarding | 02/10/2019 | |
| 25 | $27.93 | Electricity Bill | DTE | 02/12/2019 | |
| 26 | $70.00 | Snow Removal | 02/20/2019 | ||
| 27 | $20.43 | Electricity Bill | DTE | 03/08/2019 | |
| 28 | $65.00 | Lawncare | 03/29/2019 | ||
| 29 | $12.71 | Electricity Bill | DTE | 04/15/2019 | |
| 30 | $60.00 | Lawncare | 05/05/2019 | ||
| 31 | $150.00 | Registration Fee | Vacant property registration - city of Detroit | 05/27/2019 | |
| 32 | $300.00 | Eviction Expenses | prep/file summons complaint | 05/31/2019 | |
| 33 | $60.00 | Lawncare | 06/03/2019 | ||
| 34 | $446.23 | City Taxes | Autoagent 2019 taxes paid by ACH 1st 1/2 payment | 08/20/2019 | |
| 35 | $100.00 | Lawncare | lawncare and curb appeal | 09/17/2019 | |
| 36 | $524.51 | City Taxes | 2nd 1/2 summer 2019 & winter 2020 taxes | 01/21/2020 | |
| 37 | $285.58 | Miscellaneous | Rami & Martin expenses | 02/11/2020 | |
| 38 | $50.00 | Inspection | Contractor bid, punchlist, inspection | 02/26/2020 | |
| 39 | $6,200.00 | General Rehab Repairs | $5800 approved. $2900 paid Tyson on 6/10/20. Paid Tyson $3,200 on 7/4/20 | 06/11/2020 | |
| 40 | $233.96 | Arcana Insurance Payment | 2 month Arcana insurance - property under contract | 07/27/2020 | |
| 41 | $801.96 | Water Bill | DWSD | 09/10/2020 | |
| 42 | $173.47 | Water Bill | DWSD | 09/23/2020 | |
| 43 | $200.00 | Miscellaneous | Fedex, notary and printing to close | 10/03/2020 | |
| 44 | $1,350.00 | Miscellaneous | Land Contract buyer side commission and TC fee | 10/10/2020 | |
| 45 | $833.97 | Miscellaneous Profit | Land Contract closed 10/6/20. 33,447.35 spent on day of closing | 10/15/2020 | |
| 46 | $452.04 | Rent | Mortgage payment 11/6/20 | 12/28/2020 | |
| 47 | $522.04 | Rent | 12/6/20 | 02/24/2021 | |
| 48 | $522.04 | Rent | Mortgage payment 1/6/21 | 03/15/2021 | |
| 49 | $572.04 | Rent | Mortgage payment 2/6/21 | 03/15/2021 | |
| 50 | $46,451.16 | Miscellaneous Profit | Borrower payoff amount for land contract sale | 09/05/2021 | |
| Overall ROI : 146.90 % ROI (2017) : 0.00% ROI (2018) : 7.69% ROI (2019) : 0.00% ROI (2020) : 13.10% ROI (2021) : inf% |
Overall Profit/Loss: -$15,905.94 Profit/Loss (2017) : -$15,813.96 Profit/Loss (2018) : -$5,640.16 Profit/Loss (2019) : -$2,173.75 Profit/Loss (2020) : -$8,533.47 Profit/Loss (2021) : -$48,067.28 |
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.
