123 Main St LLC

active

123 Main St, Charlotte, NC 28202

South End Investor: Jane Smith Account: ****4521

Single-family flip project with full renovation. Active LLC with dedicated bank account. Currently in renovation phase with projected sale Q2 2026.

Bank Balance

****4521

Last reconciled: Feb 1, 2026

Transaction Ledger

Date Description Category Debit Credit Balance
Oct 1, 2025 Initial capital contribution — Jane Smith Contribution — $150,000.00 $150,000.00
Oct 3, 2025 Property acquisition — closing costs Expense $4,500.00 — $145,500.00
Oct 3, 2025 Property purchase price — 123 Main St Expense $92,000.00 — $53,500.00
Oct 15, 2025 Insurance premium — Builder’s risk policy Expense $1,200.00 — $52,300.00
Nov 1, 2025 R² Remodeling — Demo and framing Expense $8,500.00 — $43,800.00
Nov 15, 2025 Permitting fees — Mecklenburg County Expense $2,100.00 — $41,700.00
Dec 1, 2025 R² Remodeling — Rough-in plumbing Expense $5,200.00 — $36,500.00
Dec 10, 2025 R² Remodeling — Electrical rough-in Expense $4,800.00 — $31,700.00
Dec 15, 2025 Property tax payment — Q4 2025 Expense $850.00 — $30,850.00
Jan 5, 2026 Additional capital contribution — Jane Smith Contribution — $25,000.00 $55,850.00
Jan 10, 2026 R² Remodeling — Insulation & drywall phase 1 Expense $6,500.00 — $49,350.00
Jan 20, 2026 Utilities — Electric & water (Jan) Expense $280.00 — $49,070.00
Jan 25, 2026 Owner draw — Jane Smith (Q4 distribution) Draw $3,000.00 — $46,070.00
Feb 1, 2026 Piedmont Financial — Jan accounting fee Expense $750.00 — $45,320.00
Feb 5, 2026 Interest income — Operating account Income — $42.50 $45,362.50
Totals (15 transactions) $130,680.00 $175,042.50 $45,362.50