I’m super excited to share with you my first ever flipping report!
My intention is to show you the exact items I purchased and flipped.
Early in my financial life, I recognized that I can only cut expenses so much, I had to work on earning more income. One of the best ways to increase your income is through side hustles.
But here’s the thing, you’ll never hear me talk about taking surveys for money or side hustles that really aren’t worth your time.
That’s where furniture flipping came into play for me. I’ve been flipping for over 2 years now and have credited flipping to helping me increase my:
- Savings for properties/investments
- Negotiation skills
- Product marketing
- Copy writing
It’s one of my favorite side hustles ever. In fact, I’ve even detailed out a lengthy post for how exactly to get started into furniture flipping.
What Items I Flipped/Listed
Some of the pieces I sold or listed are DIY and some are just simply cleaning them up and selling them directly.
- Concrete Fire Bowl
- Black Chest of Drawers
- Midcentury Modern Dresser
- Midcentury Modern Buffet
- (NOT SOLD YET) Industrial Coffee Table
- (NOT SOLD YET) Black Dining Chairs
Concrete Firebowl
ITEM: Concrete Firebowl
COST: ~$10 (for materials)
WORK DONE: DIYed the concrete bowl, purchased tiki fuel and black rocks to create this firebowl
SOLD: $45
PROFIT: $35
Black Chest of Drawers
ITEM: Black Chest of Drawers
COST: $75 ($65 for the dresser and $10 for paint)
WORK DONE: Bondo for the cracks, sanded, primed, painted (aka– a lot of work)
SOLD: $150
PROFIT: $75
MCM Dresser
ITEM: Midcentury Modern dresser
COST: $25
WORK DONE: No work. Just cleaned up.
SOLD: $150
PROFIT: $125
MCM Buffet
ITEM: Midcentury Modern buffet
COST: $50
WORK DONE: No work. Just cleaned up.
SOLD: $250
PROFIT: $200
Industrial Coffee Table*
ITEM: Industrial Metal Coffee Table
WORK DONE: No work. Just cleaned up.
POTENTIAL PROFIT: $40
*Until these items are sold, it’s just my best guess of how much profit I might earn.
Black Modern Dining Chairs*
ITEM: Black Modern Dining Chairs (3 chairs)
WORK DONE: No work. Just cleaned up.
POTENTIAL PROFIT: $40
*Until these items are sold, it’s just my best guess of how much profit I might earn.
How much did I actually make?
Alright, let’s tally everything up. Remember, profit is how much I actually pocketed before taxes (yes, you should claim this as income on your taxes).
Potential Profit: $515 (includes the 2 unsold items)
ACTUAL PROFIT: $435
Not a bad haul! If you would like to get started in furniture flipping as well then make sure to check out this video.
And stay tuned, I’m in the process of working on a FURNITURE FLIPPING mini course!!!
