Balances
2021 $COMPRA costo down Loan Sale Date Sale G. Profit Rehab Fees Net Profit
2402 Dryden Ln. Charlotte NC, 28210 $215,000 $215,000 1/29/21 $290,000 $75,000 $10,000 9500 $62,000
BALANCE SHEET FOR 2021 TAX YEAR END 131 8th Ave. NE Hickory NC, 28601 $55,000 $55,000 1/20/21 $85,000 $24,000 $24,000
40% 4114 Malta Pl. Charlotte NC, 28215 $165,000 $165,000 1/21/21 $175,000 $4,000 $4,000
Bank Account $104,800 working expenses $41,000 40% 1314 Ha
is St. Statesville NC, 28677 $10,000 $10,000 4/21/21 $14,500 $1,800 $1,800
Retained Ernings other expenses $33,600 1011 Rickert St. Statesville NC, 28677 $18,000 $18,000 4/22/21 $24,000 $6,000 $6,000
Assets Equity $117,800 Private investor $35,000 408 E Park Ave Gastonia NC, 28054 $100,000 $100,000 $20,000 1/27/22 $31,000 $8,000
Properties $908,900 Lender Loans $816,000
tc={8FED31F3-C418-414D-9FE9-93CB XXXXXXXXXX}: [Threaded comment]
Your version of Excel allows you to read this threaded comment; however, any edits to it will get removed if the file is opened in a newer version of Excel. Learn more: https:
go.microsoft.com/fwlink/?linkid=870924
Comment:
Previous loans + cu
ent loans
414 E Park Ave Gastonia NC, 28054 $63,000 $63,000 2/3/22
Office Equipment $5,000 Paid Loan Interest $81,600 406 E. Sharpe St. Statesville NC, 28677 $40,000 $40,000 10/19/21 $47,000 $7,000 $7,000
Vehicles $30,000 Car loan por pagar $30,000 35 & 36 Oak St. China Grove NC, $150,000 $150,000 $15,000 2/1/22 $6,000
Other Fees $23,500 10935 Carmel Crossings Charlotte NC, 28210 $0 $0 1/27/22 $0
PASIVOS $1,060,700 $816,000 $35,000 $781,000 $635,500 $117,800 $41,000 $23,500 $104,800
$313,000 $145,500
Capital $1,000
Profit $104,800 PROPERTY INSURANCE = OTHER EXPENSES
ACTIVOS $1,166,500 pasivo + capital $1,166,500
- 0
BALANCE SHEET FOR YEAR TO DATE 2022
2022 PURCH PURCH REHAB SALE SALE DATE G. Profit Rehab Fees Net Profit
Bank Account $11,111 working expenses $39,000
Inventory $217,278 other expenses $22,222 408 E Park Ave Gastonia NC, 28054 100% 5/7/21 $100,000 $205,000 1/27/22 $10,000 $40,000
Assets Private investor $88,888 414 E Park Ave Gastonia NC, 28054 100% 12/23/21 $63,000 $70,000 2/3/22 $7,000
Properties $1,098,000 Lender Loans $627,777 35 & 36 Oak St. China Grove NC, 100% 12/3/21 $150,000 $5,000 $198,000 2/1/22 $3,000 $10,000 $29,000
Office Equipment $4,500 Loan Interest $62,778 SUBTOTAL $0 $3,000 $20,000 $76,000
Vehicles $29,000 Car loan $29,000 10935 Carmel Crossings Charlotte NC, 28210 100% 1/12/22 $150,000 $160,000 1/27/22 $10,000 $10,000
Other Fees $36,000 1233 Beave
ook Dr. Gastonia NC, 28052 100% 4/8/22 $120,000 $35,000 $200,000 10/31/22 $80,000 $35,000 $12,000 $33,000
PASIVOS $905,665 110 6th St. SW Hickory NC, 100% 9/14/22 $100,000 $0
313000 321 New Haven Dr. Gastonia NC, 50% 9/28/22 $60,000 $105,500 10/4/22 $45,500 $1,000 $4,000 $20,250
Capital $1,974 1008 Clanton Rd. Charlotte NC, 28217 100% 9/9/22 $250,000 $0
Profit $139,250 701 Johnston Dr. Pineville NC, 100% 9/21/22 $105,000 $0
ACTIVOS $1,359,889 pasivo + capital $1,359,889 $1,098,000 $135,500 $39,000 $36,000 $63,250
$88,888 $139,250
- 0 actual shark loan? $1,009,112 oprating expenses
PROPERTY INSURANCE = OTHER EXPENSES
1233 Beave
ook Dr. Gastonia NC, 28052 $120,000 $35,000 $200,000 10/31/22
110 6th St. SW Hickory NC, $100,000
321 New Haven Dr. Gastonia NC, $60,000 $105,500 10/4/22
1008 Clanton Rd. Charlotte NC, 28217 $250,000
701 Johnston Dr. Pineville NC, $105,000 $105,000 $40,000 $25,000 $40,000
408 E Park Ave Gastonia NC, 28054 $100,000 $20,000 1/27/22 $205,000 $48,000 $5,000 $13,000 $30,000
35 & 36 Oak St. China Grove NC, $150,000 $15,000 2/1/22 $198,000 $10,000 $10,000
10935 Carmel Crossings Charlotte NC, 28210 $150,000 1/27/22 $160,000 $7,000 $7,000
414 E Park Ave Gastonia NC, 28054 $63,000 2/3/22 $70,000
Cashflow
Cash Flow Statement
Fiscal year begins:
Net Income $ 34,450
Add: Depreciation $ 1,500
Decrease in Cu
ent Assets $ 464,962
Less: Increase in Inventory $ 217,278
Increase in Properties $ 189,100
Decrease in Lenders Loan $ 188,223
Cash flow for the year $ (93,689)
Beginnig Cash $ 104,800
Cash at the end $ 11,111