Financial Ledger
9 entries — Property Matter — Post-Closing Proceeds Accounting
Sale Price
TBD
Total Claimed
$266,800
Total Offsets
$53,500
Net Balance Owed
$213,300
| # | Date | Description | Category | Claimed | Offset | Balance | Status |
|---|---|---|---|---|---|---|---|
| 01 | TBD | Property improvements — claimed by Claimant A No invoices or receipts provided yet | improvement | $65,000 | $65,000 | unverified | |
| 02 | TBD | Increase in sale price through marketing/sale efforts + selling expenses Possible double-counting risk with other line items. Need to verify what 'increase in sale price' means as an expense vs value contribution. | marketing expense | $100,000 | $165,000 | unverified | |
| 03 | TBD | Additional $1,250/mo paid post-purchase for SBA valuation (~48 months) Need bank statements showing recurring $1,250 payments | carrying cost | $60,000 | $225,000 | unverified | |
| 04 | TBD | Painting and labor during COVID to prepare property for sale Need contractor invoices or receipts | improvement | $6,800 | $231,800 | unverified | |
| 05 | TBD | Full tenant management — value not yet quantified Need to determine reasonable management fee rate and duration | management fee | $231,800 | unverified | ||
| 06 | TBD | Ongoing property maintenance throughout ownership — value not yet quantified | repair | $231,800 | unverified | ||
| 07 | TBD | A/C, roof, asphalt, and other improvements — verbally estimated at ~$35K Verbal estimate only. No documentation provided despite requests. | improvement | $35,000 | $266,800 | unverified | |
| 08 | TBD | $50,000 loan associated with Claimant A — acknowledged deduction Troy acknowledges this offset | loan offset | $50,000 | $216,800 | unverified | |
| 09 | TBD | Remaining $3,500 for auto and boom loans — acknowledged deduction Claimant A acknowledges this offset | loan offset | $3,500 | $213,300 | unverified |