Payment Split : 20% / 80%
Partnership Equity Split : 30% / 70%
| # | Expense Amount | Expense Type | Date added |
|---|---|---|---|
| 1 | $3,006.00 | Property Purchase Price | 06/28/2017 |
| 2 | $13,000.00 | General Rehab Repairs | 06/28/2017 |
| 3 | $4,600.00 | General Rehab Repairs | 08/05/2017 |
| 4 | $6,200.00 | General Rehab Repairs | 09/10/2020 |
| 5 | $1,400.00 | General Rehab Repairs | 09/22/2020 |
| 6 | $400.00 | Plumbing Repairs | 10/04/2020 |
| 7 | $750.00 | General Rehab Repairs | 10/08/2020 |
| 8 | $675.00 | Plumbing Repairs | 10/30/2020 |
| Purchase price : $3006 | Total Rehab Cost :$27,025.00 | All-In Property Cost : $30,031.00 | |
| # | Expense Amount | Expense Type | Expense Note | Expense Document | Date added |
|---|---|---|---|---|---|
| 1 | $14.64 | Arcana Insurance Payment | Arcana Insurance Feb | 06/28/2017 | |
| 2 | $27.30 | Arcana Insurance Payment | Arcana March 2017 | 06/28/2017 | |
| 3 | $30.24 | Arcana Insurance Payment | Arcana April | 06/28/2017 | |
| 4 | $29.27 | Arcana Insurance Payment | Arcana May | 06/28/2017 | |
| 5 | $3,006.00 | Property Purchase Price | 06/28/2017 | ||
| 6 | $13,000.00 | General Rehab Repairs | Pine Valley Gary Bid ($13,000) + 1k bonus if within 30 days **$3,900 paid 3/22 ** $3,900 paid 4/13 **$1,500 paid 5/2 **$3,700 paid 6/14 | 06/28/2017 | |
| 7 | $151.46 | County Taxes | 2016 | 06/28/2017 | |
| 8 | $100.00 | Setup Fee | MPM | 08/05/2017 | |
| 9 | $200.00 | Lawncare | Initial mowing and debris cleanup | 08/05/2017 | |
| 10 | $4,600.00 | General Rehab Repairs | Section 8 Repairs for Tenant Move-in | 08/05/2017 | |
| 11 | $50.00 | Utility Turn On | Gas and Power | 08/05/2017 | |
| 12 | $150.00 | Water Bill | Water Deposit - Landlord Account | 08/05/2017 | |
| 13 | $631.23 | County Taxes | 08/05/2017 | ||
| 14 | $19.32 | Electricity Bill | DTE | 11/08/2017 | |
| 15 | $75.00 | Lawncare | 11/08/2017 | ||
| 16 | $60.00 | Lawncare | 11/08/2017 | ||
| 17 | $60.41 | Electricity Bill | DTE | 11/08/2017 | |
| 18 | $275.00 | Miscellaneous | $175 overgrown lawn and debris removal, $100 abandoned car removal | 11/08/2017 | |
| 19 | $31.43 | Electricity Bill | DTE | 11/08/2017 | |
| 20 | $60.00 | Lawncare | 11/17/2017 | ||
| 21 | $150.00 | Water Bill | Service start fee | 11/28/2017 | |
| 22 | $26.09 | Electricity Bill | DTE | 12/05/2017 | |
| 23 | $70.00 | Snow Removal | 12/22/2017 | ||
| 24 | $150.00 | Inspection | 12/22/2017 | ||
| 25 | $50.00 | Utility Turn On | Water | 12/22/2017 | |
| 26 | $70.00 | Snow Removal | 01/27/2018 | ||
| 27 | $356.04 | Miscellaneous | Arcana 2018 Renewal | 01/29/2018 | |
| 28 | $237.36 | Arcana Insurance Payment | 2017 Remainder | 01/29/2018 | |
| 29 | $47.39 | County Taxes | 2017 Winter Tax | 02/02/2018 | |
| 30 | $210.00 | Snow Removal | 1/30, 2/6, 2/13 | 03/05/2018 | |
| 31 | $34.96 | Electricity Bill | 03/13/2018 | ||
| 32 | $27.06 | Electricity Bill | 04/04/2018 | ||
| 33 | $21.35 | Electricity Bill | 05/16/2018 | ||
| 34 | $60.72 | Electricity Bill | 05/31/2018 | ||
| 35 | $51.19 | City Taxes | Detroit city taxes 2017 | 06/26/2018 | |
| 36 | $633.02 | City Taxes | City of Detroit | 08/19/2018 | |
| 37 | $18.46 | Electricity Bill | DTE Power bill | 08/22/2018 | |
| 38 | $60.00 | Lawncare | 09/26/2018 | ||
| 39 | $48.38 | City Taxes | Detroit Winter Taxes 2019 | 01/31/2019 | |
| 40 | $70.00 | Snow Removal | 02/22/2019 | ||
| 41 | $65.00 | Lawncare | 04/01/2019 | ||
| 42 | $60.00 | Lawncare | 05/07/2019 | ||
| 43 | $60.00 | Lawncare | 06/04/2019 | ||
| 44 | $250.00 | Lawncare | grass cut brush removal | 07/22/2019 | |
| 45 | $326.48 | City Taxes | Autoagent 2019 taxes paid by ACH 1st 1/2 payment | 08/20/2019 | |
| 46 | $195.00 | Registration Fee | 11/18/2019 | ||
| 47 | $376.01 | City Taxes | 2nd 1/2 summer 2019 & winter 2020 taxes | 01/21/2020 | |
| 48 | $285.58 | Miscellaneous | Rami & Martin expenses | 02/11/2020 | |
| 49 | $50.00 | Inspection | Contractor bid, punchlist, inspection | 02/26/2020 | |
| 50 | $330.39 | City Taxes | 1st 1/2 summer city taxes 2020 AA | 08/21/2020 | |
| 51 | $6,200.00 | General Rehab Repairs | $6,200 approved. $3,100 paid Tyson on 9/10. Paid $3,100 to Tyson on 9/12/20 | 09/10/2020 | |
| 52 | $1,400.00 | General Rehab Repairs | $1,400 approved for vanity, carpeting upstairs, drainpipe, plumbing and electrical. Tyson paid $700 on 9/21/20. $700 paid 9/25/20 | 09/22/2020 | |
| 53 | $648.60 | Rent | $690 - $41.40 mgmt fee = $648.60 | 09/28/2020 | |
| 54 | $400.00 | Plumbing Repairs | Plumbing line repair | 10/04/2020 | |
| 55 | $750.00 | General Rehab Repairs | 8 windows repair and replace and install. Paid Tyson $750 on 10/8/20 | 10/08/2020 | |
| 56 | $150.00 | Miscellaneous | Aug, Sept, Oct 2020 Frontpoint Alarm | 10/14/2020 | |
| 57 | $787.92 | Water Bill | water bill + $150 deposit | 10/21/2020 | |
| 58 | $675.00 | Plumbing Repairs | Plumbing pipe burst and water damage after move-in | 10/30/2020 | |
| 59 | $417.96 | Miscellaneous | Insurance | 12/22/2020 | |
| 60 | $486.82 | County Taxes | Winter and partial Summer taxes | 02/04/2021 | |
| 61 | $1,250.00 | Miscellaneous | Land contract buyer side commission | 10/05/2021 | |
| 62 | $155.00 | Miscellaneous | Notary, copies, and overnight | 10/12/2021 | |
| 63 | $1,948.80 | Final Funds (Purchase) | 50k land contract closed 10/13/21. Amount spent is $41,284.68 | 10/12/2021 | |
| 64 | $350.00 | Miscellaneous | TC and Underwriting Fee | 10/18/2021 | |
| 65 | $471.31 | Rent | Mortgage payment 11/12/21 | 11/29/2022 | |
| 66 | $60.00 | Miscellaneous | Monthly FCI Servicing Fee | 03/02/2026 | |
| Overall ROI : 2.67 % ROI (2017) : 0.00% ROI (2018) : 0.00% ROI (2019) : 0.00% ROI (2020) : 5.49% ROI (2021) : 0.00% ROI (2022) : inf% ROI (2026) : 0.00% |
Overall Profit/Loss: -$40,873.37 Profit/Loss (2017) : -$23,017.39 Profit/Loss (2018) : -$1,827.55 Profit/Loss (2019) : -$1,074.86 Profit/Loss (2020) : -$11,174.26 Profit/Loss (2021) : -$4,190.62 Profit/Loss (2022) : -$471.31 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.
